- Alpha Services’ fourth-quarter net income was EU164.9 million, exceeding the estimated EU136.4 million.
- Net interest income for the quarter amounted to EU405.7 million.
- The non-performing exposure (NPE) ratio improved to 3.8% at the period end, compared to 6% the previous year.
- Normalized net income for the quarter was EU195.8 million, surpassing the estimated EU190.2 million.
- The Common Equity Tier 1 (CET1) ratio fully-loaded increased to 16.3% from last year’s 14.3%.
- For the full year 2024, Alpha Services reported a net income of EU654.1 million, achieving a 5.8% year-over-year increase.
- The net interest income for 2024 was slightly down by 0.7% year-over-year, totaling EU1.65 billion.
- Normalized net income for the full year 2024 was EU860.9 million, reflecting a 9.3% increase year-over-year.
- CEO Vassilios Psaltis expressed confidence in the company’s strategy execution, noting performance exceeded targets in EPS growth and capital generation.
- Looking ahead, the company anticipates strong loan volume growth and high single-digit compound annual growth in fees, with a steady upward EPS trajectory.
- The updated business plan projects earnings per share (EPS) to reach €0.42 by 2027.
A look at Alpha Bank AE Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Alpha Bank AE, a provider of commercial banking services, exhibits a promising long-term outlook according to the recently revealed Smartkarma Smart Scores. With a top-notch Value score of 5, the company is perceived favorably in terms of its market value relative to its fundamentals. Furthermore, boasting a strong Growth score of 4, Alpha Bank AE is anticipated to experience robust growth potential in the foreseeable future. Coupled with a Momentum score of 5, indicating positive price trends, Alpha Bank AE seems well-positioned for sustained upward momentum in the market.
Despite a more moderate Dividend score of 2 and a Resilience score of 3, Alpha Bank AE remains an attractive prospect for investors seeking a blend of growth and stability. The company’s diverse range of services, including insurance, investment banking, asset management, and real estate management, underpin its resilience in the market. Overall, the combination of strong Value, Growth, and Momentum scores suggests that Alpha Bank AE could be a solid investment choice for those looking to capitalize on its promising outlook in the commercial banking sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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