ICICI Bank Q3 FY26 Results: PAT falls 4%, worse than Street estimates; provisions double

ICICI Bank Q3 FY26 Earnings: ICICI Bank -- the country's second-largest lender by market capitalisation (mcap), after HDFC Bank -- on Saturday reported its financial results for the quarter ended December 31, with a net profit of Rs 11,318 crore that was short of analysts' expectations. The bank, however, staged a slight improvement in its asset quality, though its provisions doubled. Read on to learn more about the private sector bank's December-quarter report.

ICICI Bank Q3 FY26 Results: Net profit vs estimates

ICICI Bank registered a net profit of Rs 11,318 crore for the quarter ended December 31, marking a 4.0 per cent decrease over its net profit for the corresponding three months a year ago.

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The quarterly net profit failed to meet analysts' estimates.

According to Zee Business research, ICICI Bank was estimated to log a fiscal third-quarter net profit of Rs 12,490 crore.

ICICI Bank Q3 Earnings: Net interest income vs estimates

ICICI Bank's third-quarter net interest income (NII) -- or the difference between interest earned and interest paid -- expanded to Rs 21,933 crore for the quarter ended December 2025, from Rs 20,371 crore a year ago.

The net interest income -- a key measure of a bank's top line -- also fell short of analysts' expectations.

Zee Business analysts had pegged ICICI Bank's December-quarter NII at Rs 22,170 crore.

ICICI Bank asset quality

The private bank staged an improvement in its asset quality.

Improvement or deterioration in asset quality is measured by sequential changes in the proportion of bad loans in total loans.

ICICI Bank's gross non-performing assets (GNPAs) -- or bad loans -- stood at 1.53 per cent of total loans in Q3, declining from 1.58 per cent in the previous three months.

Net non-performing assets (NNPAs) declined to 0.37 per cent from 0.39 per cent.

ICICI Bank provisions

The lender's provisions -- or funds set aside to cover anticipated losses due to bad loans -- came in at Rs 2,556 crore for Q3, more than doubling from Rs 1,227 crore a year ago.

Sequentially, its provisions increased 2.8 times.

ICICI Bank capital adequacy ratio

ICICI Bank's capital adequacy ratio -- a key measure of a financial institution's strength measured by its total capital against risk-weighed assets (RWAs) -- 15.59 per cent as of December 31, 2025, as against 14.71 per cent a year ago.

Management update

ICICI Bank reappointed Sandeep Bakhshi as MD and CEO for two years, with effect from October 4.

ICICI Bank shares

On Friday, ICICI Bank shares declined 0.5 per cent to close at Rs 1,411.7 apiece on BSE.

The stock has begun 2026 on a strong note, with a gain of 5.6 per cent for the year as of January 16 that outperforms the Nifty50's 1.7 per cent decline and the Nifty Bank's 0.6 per cent rise.

ICICI Bank shares have risen almost 15 per cent in a year, outperforming the Nifty50's 10 per cent rise but underperforming the Nifty Bank's 22 per cent rally.