First Abu Dhabi Bank · ADX:FAB
First Abu Dhabi Bank — Q1 2026 Earnings Presentation
29 slides from First Abu Dhabi Bank's earnings presentation, Apr 23, 2026
Slide 1: Q1’26 Earnings Presentation
Q1’26 Earnings Presentation 23rd April 2026
Slide 2: Disclaimer
Disclaimer The information contained herein has been prepared by First Abu Dhabi Bank P.J.S.C ("FAB"). The information contained in this presentation may not have been reviewed or reported on by the Group's auditors. FAB relies on information obtained from sources believed to be reliable but does no
Slide 3: Opening remarks
HEADLINE Opening remarks
Slide 4: Q1’26 Key highlights
Q1’26 Key highlights • Solid performance: revenue +6% yoy to AED 9.34bn, net profit -2% yoy to AED 5.01bn reflecting management overlays; RoTE at 17.8%, above guidance. • Robust volume growth ytd underlines healthy franchise momentum: loans +8%, customer deposits +4%; Total assets exceed USD 400bn f
Slide 5: FAB's resilience framework
FAB's for Positioned resilience framework strength amid recent regional developments Capital, Liquidity & Funding Credit Risk & Asset Quality Operational Resilience Solid capital position Conservative asset mix with high-quality, Resilient operations, strong business diversified portfolios continuit
Slide 6: Delivering strategic priorities with discipline and client focus
Delivering strategic priorities with discipline and client focus Broad-based franchise growth Regional leadership with Accelerating AI adoption journey, Sustainable finance leadership driven by client-centric solutions global connectivity unlocking measurable value delivering scale and impact • Reve
Slide 7: Financial review
sli aesly ‘AB Financial review
Slide 8: Solid Q1’26 performance
Solid Q1’26 performance Income Statement - Summary (AED mn) Q1’26 Q4’25 qoq % Q1’25 yoy % Net interest Income 5,612 5,040 11 5,006 12 Operating income +6% yoy to AED 9.34bn, driven by Non-interest Income 3,723 3,984 (7) 3,808 (2) +12% NII expansion on robust business volumes and Operating Income 9
Slide 9: Franchise-wide momentum driving revenue expansion
Franchise-wide momentum driving revenue expansion By division…. by geography…. Q1’26 Operating Income Investment Banking Wholesale Personal, Business, Wealth & 24% & Markets Banking Privileged Client Banking Group AED 3.25 bn AED 1.71 bn AED 3.23 bn 76% +10% +18% +1% UAE International yoy yoy
Slide 10: Strong volumes, resilient margins drive +12% NII growth
Strong volumes, resilient margins drive +12% NII growth 1.97 1.95 Group 1.85 1.82 NIM (%) 1.75 Strong business momentum and well-managed margins drive 12% NII growth. qoq ↑11%, yoy ↑12% Q1’26 NIM was 1.95%, -2bps yoy, +20bps qoq reflecting disciplined balance sheet and treasury management, 5,612 tar
Slide 11: Resilient NFI performance amid volatile market conditions
Resilient NFI performance amid volatile market conditions Non-Interest Income trend1 (AED bn) FX and Other Investment Income, net (AED mn) As % Operating Income GM Sales GM Trading Treasury and other 32% 34% 38% 45% 40% qoq ↓22%, yoy ↓18% 2,584 2,709 2,464 2,344 1,918 AED 16.4bn 1,019 905 736 1,108
Slide 12: Disciplined cost management alongside continued investment
Disciplined cost management alongside continued investment 23.6 Cost-to- 22.3 22.2 22.6 Income 21.4 Ratio (%) Operating expenses were AED 2.11bn, down 1% qoq and up 7% yoy, driven by a 4% increase in staff costs qoq ↓1%, yoy ↑7% from targeted hiring and expanded AI capabilities, and a 5% rise in Dep
Slide 13: Strong balance sheet momentum
Strong balance sheet momentum Broad-based lending momentum Healthy deposit inflows Gross loans movement by counterparty (AED bn) Customer deposits movement by counterparty (AED bn) +34 +7 +1 +1 871 +31 841 (13) +11 +6 +5 685 +0.1 633 +52bn +30bn ↑ 8% ytd ↑ 4% ytd 1 Dec'25 Corp/ Personal/ Public Govt
Slide 14: Conservative asset mix
Conservative asset mix Diversified portfolio across economic sectors Overweight exposure to high-quality Govt and Public sectors Cash & CB 19% Balances Gross loans by economic sector 8% 14% Due from 8% Banks & Reverse Repos Manufacturing Construction 28% 5% 1% Real Estate 19% 15% 2 50% Investment Tr
Slide 15: Strong and diversified liquidity profile
Strong and diversified liquidity profile Mar’26 Group LCR Strong deposit franchise, resilient CASA mix Deposit base anchored in long-standing relationships 145% 17% Customer deposits by type (AED bn) Due to banks & Repos 17% 871 34% 839 848 841 49% Term Borrowings 813 & Sub Debt 6% 488 462 479 449 F
Slide 16: Prudent provisioning amid elevated risk environment
Prudent provisioning amid elevated risk environment NPLs1 and ECLs2 (%) Gross NPL ratio improved to 2.1%, an all-time low for Provision Coverage (%) NPL Ratio (%) 6.00 108 110 120.00 the Group, with 110% provision coverage. 106 98 100 4.00 100.00 Net impairment charge +52% yoy largely reflecting 2.0
Slide 17: Strong capital position
Strong capital position CET1 Ratio progression CET1, Tier 1 and CAR trends (%) 15.8% CAR 14.2% Tier 1 14.5% 12.8% CET1 Cash DPS: +69bps 80 fils 1.2% AED 8.84bn Jun'23 Jun'20 Jun'22 Jun'24 Jun'25 Sep'20 Sep'21 Sep'22 Sep'23 Sep'24 Sep'25 Mar'20 Dec'20 Mar'21 Dec'21 Mar'22 Dec'22 Mar'23 Dec'23 Mar'24
Slide 18: Outlook
HEADLINE Outlook
Slide 19: Structurally resilient macro backdrop amid near-term headwinds
Structurally resilient macro backdrop amid near-term headwinds Near-term headwinds Structural macro tailwinds • Geopolitical risk weighing on sentiment • Strong sovereign balance sheets • Disruption to trade and logistics • Elevated oil prices reinforcing GCC fiscal strength • Energy-driven inflatio
Slide 20: Evolving macro view, company outlook to be reassessed in H1
Evolving macro view, company outlook to be reassessed in H1 2026 macro-outlook1 Q1’26 actuals 2026 guidance Scale Loan growth +8% ytd Low- to mid- teens Oil price (average) c. USD 83/b from USD 60/b Cost of Risk 67bps < 70bps Asset Quality UAE real GDP growth Provision c. 4.2% 110% > 90% Coverage Ra
Slide 21: Wrap-up
Wrap-up • Solid performance: revenue +6% yoy to AED 9.34bn, net profit -2% yoy to AED 5.01bn reflecting management overlays; RoTE at 17.8%, above guidance. • Robust volume growth ytd underlines healthy franchise momentum: loans +8%, customer deposits +4%; Total assets exceed USD 400bn for the first
Slide 22: Appendix
HEADLINE Appendix
Slide 23: Segmental overview
Segmental overview Personal, Business, Wealth & Privileged Client Banking Investment Banking & Markets (IB&M) Wholesale Banking (WB) Group (PBW&PCBG) P&L Summary P&L Summary P&L Summary Q1’26 Q1’25 yoy % Q1’26 Q1’25 yoy % Q1’26 Q1’25 yoy % (AED mn) (AED mn) (AED mn) Net interest Income 1,812 1,439 2
Slide 24: Q1’26 highlights – Group financials (AED)
Q1’26 highlights – Group financials (AED) Income Statement - Summary (AED mn) Q1’26 Q4’25 qoq % Q1’25 yoy % Net interest Income 5,612 5,040 11 5,006 12 Non-interest Income 3,723 3,984 (7) 3,808 (2) Operating Income 9,335 9,024 3 8,814 6 Operating expenses (2,111) (2,126) (1) (1,965) 7 Impairment ch
Slide 25: Q1’26 highlights – Group financials (USD)
Q1’26 highlights – Group financials (USD) Income Statement - Summary (USD mn) Q1’26 Q4’25 qoq % Q1’25 yoy % Net interest Income 1,528 1,372 11 1,363 12 Non-interest Income 1,014 1,085 (7) 1,037 (2) Operating Income 2,542 2,457 3 2,400 6 Operating expenses (575) (579) (1) (535) 7 Impairment charges,
Slide 26: A well-diversified, high-quality loan book
A well-diversified, high-quality loan book Gross loans trend (AED bn) Net loans by geographies (%) ytd ↑8%, yoy ↑20% UAE 76% GCC 6% Gross Islamic financing 685 Mar’26 633 668 588 614 MENA (ex-GCC) 6% 571 Asia 5% (AED bn) 62.5 Europe 6% 42.6 45.8 49.4 53.8 Americas 2% Mar'25 Jun'25 Sep'25 Dec'25 Mar'
Slide 27: Strong and diversified liquidity profile
Strong and diversified liquidity profile Customer deposits trend (AED bn) Customer deposits by geography (%) ytd ↑4%, yoy ↑4% UAE 78% GCC 2% 871 Mar’26 MENA (ex-GCC) 3% 839 848 841 871 813 Asia 4% (AED bn) Europe 9% 376 45% 401 49% 369 44% 392 47% 383 44% CASA Mar'25 Jun'25 Sep'25 Dec'25 Mar'26 Amer
Slide 28: High-quality and diversified investment portfolio
High-quality and diversified investment portfolio Investments by type Investments by ratings Mar’26 Mar’26 Dec’25 Mar’26 Mar’26 Dec’25 AED 283bn AED 283bn FVTPL - Debt 22% 24% AAA 16% 16% AA 38% 38% Dec’25 FVTPL - Equity & Funds 4% 3% Dec’25 AED 269bn A 15% 14% AED 269bn Amortised Cost (Debt Inv) 2%
Slide 29: For more information, please visit
For more information, please visit www.bankfab.com or contact FAB Investor Relations team at ir@bankfab.com You can also download FAB’s Investor Relations App from App Store / Google Play to access latest corporate updates Explore FAB’s IR chatbot on our website and IR app for quick access to financ