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3Q26 Top-line
3Q26 total operating income rose 1.0% QoQ/6.7% YoY to IDR34.9tn; 9M26 IDR106.0tn (+9.4% YoY; 9M25 base pro forma ex-BSI). NII fell 3.6% QoQ to IDR22.0tn as interest expense jumped 20.7% QoQ (bank-only CoF +30bps QoQ to 2.34%). Non-II rose 10.0% QoQ to IDR12.7tn on treasury (+27.6% QoQ) and fees (+8.0% QoQ).
3Q26 Bottom-line
3Q26 PATMI rose 0.6% QoQ/13.9% YoY to IDR15.1tn; 9M26 IDR45.5tn (+20.7% YoY) equals 80% of Bloomberg FY26 consensus of IDR57.2tn. PPOP of IDR21.5tn (-0.5% QoQ, +12.9% YoY) absorbed opex +3.5% QoQ; provisions rose 10.5% QoQ to IDR2.7tn, 9M26 CoC 0.63%. Effective tax rate 18.5% (9M25: 19.7%).
9M26 Balance Sheet
Loans grew 15.4% YoY/1.0% QoQ to IDR1,694tn (+7.5% YTD vs raised FY26 guide of 9-11%), led by commercial and SME (+10.5%/+9.8% YTD). Deposits rose 17.5% YoY to IDR1,805tn; CASA ratio 70.6%, bank-only LDR 91.2%. NPL 1.02% with 235% coverage, but LaR rose 93bps QoQ to 6.76% as bank-only restructured loans hit IDR94.8tn.
Important Ratios
9M26 NIM compressed 35bps YoY to 4.43% (bank-only 3Q26 QTD 3.87%, -34bps QoQ), low end of the 4.3-4.5% guide. CIR improved 5.7pp YoY to 38.0%; CoC 0.63% (+1bp YoY). Annualised ROE (ex-MI) rose 2.4pp YoY to 20.8%, ROA 2.24%. Consolidated CAR 18.7%/Tier-1 17.6% (Sep-25: 20.1%/18.9%) after the 79% FY25 payout.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
