• Arab National Bank reported a 1Q profit of 1.24 billion riyals, which was a jump of a whopping 16% year-on-year (y/y).
• This profit result surpassed estimates, which were set at 1.14 billion riyals according to two estimates.
• The Bank saw an Operating income of 2.31 billion riyals, again a significant rise of 5.9% y/y from the previous year.
• Operating income too, exceeded the estimates which were marked at 2.23 billion riyals (based on 2 estimates).
• On the flip side, Impairments amounted to 162 million riyals, which actually was a decrease by 46% y/y.
• Pretax profit was observed at 1.42 billion riyals, showing a 15% y/y increase.
• Earnings per share (EPS) were 0.82 riyals.
• In terms of recommendation trends, there were 5 buys, 4 holds and 0 sells for Arab National Bank shares.
A look at Arab National Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
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
Arab National Bank‘s future appears promising according to the Smartkarma Smart Scores. With a high Value score of 5, the bank is deemed to be attractively priced in the market. Its strong Dividend score of 4 indicates a stable dividend payout to investors, making it an appealing choice for income-focused individuals. Additionally, Arab National Bank has achieved solid scores in Growth, Resilience, and Momentum, demonstrating a positive long-term outlook across various key factors.
Arab National Bank, a key player in the banking sector, attracts deposits and provides a wide range of banking services, including retail, corporate, investment, and treasury services. With its overall strong Smartkarma Smart Scores, investors may find Arab National Bank to be a valuable addition to their investment portfolio, offering a blend of value, dividend stability, growth potential, resilience, and market momentum for long-term success.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
