Bank Al Habib (BAHL) posted a profit after tax (PAT) of Rs 5.30 billion in 9M2015. The bank's earning per share (EPS) for the period under review stood at Rs 4.77, showing a year-on-year (YoY) growth of 19 percent. Amreen Soorani of JS Research said the bank's EPS was above her expectation which is Rs 4.50. She attributed this to better-than-expected core income of BAHL. The earnings growth, the analyst said, was driven by 34 percent YoY growth in net interest income (NII) in 9M2015. The bank's 3Q2015 earnings stood at Rs 1.95 billion while its EPS stood at 1.75, depicting 29/11 percent YoY/QoQ growth. NII for the quarter posted 26 percent growth while operating expenses in 3Q2015 increased by 18 percent YoY to Rs 3.84 billion on branch network expansion. Currently, the banking scrip is trading at 2015E PE and PBV of 6.57x and 1.27x, respectively.