- Arab National Bank‘s full-year profit reached 4.97 billion riyals, surpassing the estimated 4.84 billion riyals.
- The bank’s operating income was reported at 9.50 billion riyals, exceeding the forecast of 9.37 billion riyals.
- Earnings per share stood at 2.48 riyals, beating the predicted 2.38 riyals.
- Impairment charges were recorded at 764 million riyals.
- Pretax profit was 5.75 billion riyals, surpassing the estimate of 5.63 billion riyals.
- Market sentiment shows 7 buy ratings, 4 hold ratings, and 0 sell ratings for the bank’s stock.
A look at Arab National Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.6 |
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, a leading financial institution in the region, is positioned for a strong long-term outlook based on the Smartkarma Smart Scores. With a perfect score of 5 in both Value and Dividend categories, the bank showcases solid fundamentals and a commitment to rewarding its investors. Additionally, scoring a 4 in both Growth and Resilience, Arab National Bank demonstrates a balance between expansion opportunities and risk management strategies. Bolstering its performance is a Momentum score of 5, indicating positive market momentum and investor sentiment towards the bank’s activities.
As a key player in the banking sector, Arab National Bank attracts deposits and offers a wide range of banking services, including retail, corporate, investment, and private banking, as well as treasury services. With top-notch scores across various critical factors, investors can look forward to a promising future for Arab National Bank, underpinned by its strong value proposition, consistent dividend payouts, growth potential, resilience to market fluctuations, and positive momentum in the market.
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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