- Bank Mandiri’s full-year net income for 2025 was 55.78 trillion rupiah, just slightly below the estimate of 56.22 trillion rupiah.
- The net income showed a modest year-over-year growth of 1.2%.
- Net interest income reached 101.76 trillion rupiah, growing by 6.1% compared to the previous year.
- This figure was slightly under the estimate of 103.92 trillion rupiah.
- Net interest margin stood at 5.15%, a decrease from the previous year’s 5.48% but exceeded the estimated 5.07%.
- The bank forecasts a net interest margin range of 5% to 5.2% for the next year.
- This projection aligns closely with the market estimate of 5.13%.
- Analyst recommendations on Bank Mandiri include 33 buy ratings, 2 hold ratings, and 1 sell rating.
Bank Mandiri Persero on Smartkarma
Analysts on Smartkarma, such as Daniel Tabbush and Angus Mackintosh, are bullish on Bank Mandiri Persero, as seen in their recent research reports. Daniel Tabbush‘s report titled “2025 High Conviction – BMRI Strong Loan Growth at 2x Industry, Better Fees and Lower Costs/Assets” highlights BMRI’s strong loan growth, better fees, and improving cost/assets ratio. The report emphasizes BMRI’s market share of loans, stable credit metrics, and positive growth outlook, with a recent ROA of 2.97%.
Similarly, Angus Mackintosh‘s report, “Bank Mandiri (BMRI IJ) – Escalating Returns and Lower Credit Costs,” underscores the bank’s upgraded loan growth projections, low credit costs, and solid liquidity position for future growth. The report praises BMRI’s strategy to focus on higher-yielding loans, strong performance in various loan segments, and innovative mobile banking services driving transactional growth. Both analysts convey a confidence in Bank Mandiri’s prospects for continued success in the banking sector.
A look at Bank Mandiri Persero Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on the Smartkarma Smart Scores, Bank Mandiri Persero shows a positive long-term outlook. With solid scores in Dividend and Growth at 4, the company is positioned well for stable returns and potential expansion. Additionally, the Resilience score of 3 indicates a certain level of robustness in facing market challenges. Although the Value and Momentum scores are at 3, they still contribute to the overall positive outlook for the company.
PT Bank Mandiri (Persero) Tbk is the result of a merger of four state-owned banks, making it a prominent player in commercial banking services. The company’s scores suggest a favorable outlook for investors seeking a balance of dividends, growth potential, and resilience in the long run, aligning well with its strong foundation and position 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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