Shares of City Union Bank Limited surged over 8% on Tuesday, April 28, 2026, reaching an intraday high of Rs 293.55, after the lender reported strong Q4 FY26 earnings. The bank also announced a 1:3 bonus issue and a 200% dividend payout, boosting investor sentiment.
The bank's net profit for the quarter ended March 2026 rose 25% year-on-year to Rs 310 crore, driven by higher net interest income and lower provisions. Net interest income grew 15% to Rs 620 crore, while asset quality improved with gross NPAs falling to 3.5% from 4.2% a year ago.
The board recommended a bonus issue of one share for every three held, subject to regulatory approval, and a dividend of Rs 2 per share (200% of face value). The stock has gained over 30% in the past year, outperforming the broader market.
