- Bank AlBilad‘s full-year profit reached 2.81 billion riyals, surpassing the estimated 2.67 billion riyals.
- The bank’s operating income was reported at 5.67 billion riyals, slightly below the estimated 5.69 billion riyals.
- Impairments amounted to 129.7 million riyals.
- Pretax profit rose to 3.13 billion riyals, beating the forecasted 2.94 billion riyals.
- Earnings per share (EPS) were recorded at 2.26 riyals.
- Analyst recommendations include 1 buy, 7 holds, and 1 sell.
A look at Bank AlBilad Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| 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
Bank AlBilad‘s long-term outlook appears promising based on its Smartkarma Smart Scores. With a solid overall score, the bank seems well-positioned for growth and resilience in the market. Particularly noteworthy is its strong performance in growth and momentum, which indicates a positive trajectory for the company in the coming years. This suggests that Bank AlBilad has the potential to capitalize on opportunities and maintain a competitive edge in the banking sector.
As a full-service bank offering a comprehensive range of banking products and services, including business banking, retail banking, and investment products, Bank AlBilad is well-equipped to meet the diverse needs of its customers. The balanced scores across different factors such as value, dividend, growth, resilience, and momentum reflect the bank’s overall stability and potential for long-term success in the industry.
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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