ICICI Bank Q4 2026 Earnings Preview: Strong Net Interest Income, Flat Net Interest Margin Growth, Potential Loan Growth Boosted by Pick-up in Profitability

ICICI Bank Set to Announce Q4 Results

ICICI Bank, India's third-largest bank in terms of market capitalisation, is scheduled to announce its January-March quarter earnings on Saturday, 18 April. Along with the Q4FY26 numbers, the bank's board is expected to consider a proposal for fundraising through the issuance of debt securities, including non-convertible debentures (NCDs) in domestic markets via private placement, as well as bonds, notes, or offshore certificates of deposits in overseas markets.

Expectations from Analysts

Experts expect the bank to report stable numbers, with no new surprises on provisions. Profit may see healthy double-digit growth on a year-on-year (YoY) basis, while net interest income (NII) may also register a decent increase. However, the net interest margin (NIM) may decline slightly on a yearly and quarterly basis.

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According to Seema Srivastava, Senior Research Analyst at SMC Global Securities, results are expected to be positive, with net profit likely to register healthy double-digit growth, driven by robust core operating trends. Srivastava expects the bank's net interest income to witness moderate growth, supported by sustained loan growth and improved earning assets.

Motilal Oswal Financial Services expects ICICI Bank's net profit to grow by 4.8% YoY, while NII may grow by 7.6% YoY. The brokerage firm believes that CRR benefits, TD repricing, and lower interest reversals are offset by full repricing of repo cut. Loan growth may be healthy at 4.5% QoQ and 14.2% YoY, backed by business banking, a pickup in personal loans (PL), and the mortgage segment.

Kotak Institutional Equities expects a 3.6% YoY and 15.6% QoQ rise in ICICI Bank's Q4FY26 profit. NII may rise by 4.3% YoY and 0.8% QoQ, but NIM may decline by 16 bps YoY and 10 bps QoQ.

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Stock Performance

ICICI Bank share price closed 0.15% higher at ₹1,347.50 on BSE on 17 April. So far in April, the banking stock has gained nearly 12% compared with an 8% rise in the equity benchmark Sensex.