ICICI Bank (ICICIBANK) Q2 25/26 earnings summary

Executive summary

• Profit before tax excluding treasury rose 9.1% year-on-year to INR 161.64 billion (₹16,164 crore) in Q2-2026; core operating profit up 6.5% to INR 170.78 billion (₹17,078 crore); profit after tax increased 5.2% to INR 123.59 billion (₹12,359 crore); consolidated profit after tax up 3.2% to INR 133.57 billion (₹13,357 crore).

• Strategic focus remains on risk-calibrated, customer-centric growth, with strong governance and operational resilience.

• Average deposits increased 9.1% year-on-year; average savings and current account deposits grew 8.5% and 12.6% year-on-year, respectively.

• Domestic loans grew 10.6% year-on-year; retail loans up 6.6%, business banking up 24.8%, corporate loans up 3.5%.

• Board approved unaudited financial results and appointed Ms. Vijayalakshmi Iyer as Additional (Independent) Director.

Financial highlights

• Net interest income grew 7.4% year-on-year to INR 215.29 billion (₹21,529 crore); net interest margin at 4.30%–4.31%.

• Non-interest income (excluding treasury) up 13.2% year-on-year to INR 73.56 billion (₹7,356 crore); fee income up 10.1% to ₹6,491 crore.

• Operating expenses increased 12.4% year-on-year, driven by non-employee and festive-related costs.

• Provisions (excluding tax) were ₹914 crore in Q2-2026, down from ₹1,233 crore in Q2-2025.

• Return on assets (annualised) was 2.33%–2.36%; standalone return on equity was 16.0%.

Outlook and guidance

• Management expects growth trends to sustain, with a positive outlook across retail and business banking.

• Margins expected to remain range-bound over the next few quarters amid ongoing deposit repricing and competitive dynamics.

• No specific year-end loan growth or payout ratio guidance provided; focus remains on leveraging capital for growth.

• Forward-looking statements highlight risks from regulatory changes, economic conditions, interest rate movements, and asset quality.

• The Bank continues to hold contingency provisions of ₹13,100 crore.