Earnings Alerts

Bank Negara Indonesia Persero (BBNI) Earnings: FY Net Income Falls Short of Estimates with 2.7% Growth

By January 22, 2025 No Comments
  • Indonesia’s BNI reported a net income of 21.46 trillion rupiah for the fiscal year.
  • The net income increased by 2.7% compared to the previous year.
  • This figure missed the market estimate of 22.08 trillion rupiah.
  • Net interest income for the year was 40.48 trillion rupiah, a decrease of 1.9% from the prior year.
  • This net interest income also fell short of the estimated 41 trillion rupiah.
  • Earnings per share (EPS) were reported at 576 rupiah.
  • This EPS is an increase from the previous year’s 561 rupiah but below the estimated 594.84 rupiah.
  • Analyst ratings for BNI include 29 buy recommendations, 6 holds, and 0 sell recommendations.

Bank Negara Indonesia Persero on Smartkarma

Several independent analysts on Smartkarma have provided bullish coverage on Bank Negara Indonesia Persero (BBNI IJ). Victor Galliano, in an article titled “Indonesian Banks Screener; Stick with Bank Negara (BBNI IJ) And Bank Mandiri (BMRI IJ)“, highlighted Negara’s attractive valuations, improving returns, and efficiency ratio, recommending investors remain positive on Mandiri as well for its PE multiples and credit quality metrics. In another report, “Indonesian Banks Screener; Bank Negara (BBNI IJ), the Value and Growth Pick“, Galliano reiterated Negara as the top pick, emphasizing its value attributes and growth potential, while also recognizing Mandiri as a buy with quality attributes and strong credit metrics.

Angus Mackintosh also provided a bullish perspective on BBNI IJ in the report “Bank Negara Indonesia (BBNI IJ) – A Distinctly Positive Tone“. The report highlighted an optimistic outlook for Bank Negara Indonesia, with management upgrading the loan growth forecast and showcasing the successful launch of the “wondr” banking app. Mackintosh pointed out the low credit costs and improving liquidity backdrop, making a case for the bank’s attractive valuations and positive trajectory moving forward.


A look at Bank Negara Indonesia Persero Smart Scores

FactorScoreMagnitude
Value3
Dividend4
Growth5
Resilience3
Momentum3
OVERALL SMART SCORE3.6

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

PT Bank Negara Indonesia (Persero) Tbk, a state-owned bank focusing on commercial and consumer banking services, shows a promising long-term outlook based on Smartkarma Smart Scores assessment. With a growth score of 5, the company is positioned for future expansion and development. Additionally, a solid dividend score of 4 suggests that investors can expect stable returns over time. Despite moderate scores in value, resilience, and momentum, Bank Negara Indonesia Persero demonstrates strong potential for sustained growth and profitability in the foreseeable future.

In summary, PT Bank Negara Indonesia (Persero) Tbk is a state-owned bank involved in commercial and consumer banking services. According to Smartkarma Smart Scores, Bank Negara Indonesia Persero displays a favorable long-term outlook, particularly in growth and dividend factors. This assessment indicates that the company is well-positioned to expand its operations and provide stable returns to investors in the coming years.


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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