- Bankinter’s net income for the first quarter was 270.1 million euros, marking a 34% increase year-over-year.
- This net income surpassed the estimated figure of 216.3 million euros.
- Pre-tax income stood at 378.4 million euros, exceeding the estimated 323.6 million euros.
- The bank’s fully-loaded CET1 ratio was 12.4%, aligning with expectations.
- Return on equity reached an impressive 18.8%.
- The cost to income ratio was reported at 36.8%.
- Bankinter continues to expand its market share across all business sectors and geographical areas.
- The first quarter’s pre-tax profit increased by 15.8% compared to the same period last year.
- Market analyst recommendations include 12 ‘buy’, 6 ‘hold’, and 10 ‘sell’ ratings.
A look at Bankinter SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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
Bankinter SA, the Spanish banking institution, is positioned well for long-term growth based on its Smartkarma Smart Scores. With a top score in dividends and momentum, Bankinter SA displays a strong commitment to rewarding its investors and shows positive momentum in its market performance. Additionally, solid scores in value, growth, and resilience indicate a well-rounded approach to its business strategies, further enhancing its long-term outlook.
Bankinter SA, a key player in the Spanish banking sector, offers a wide range of financial services including mortgage loans, insurance, and online brokerage. Its impressive scores across different factors reflect a balanced approach to its operations. Investors eyeing stability with growth potential may find Bankinter SA an attractive option for their portfolio, given its sound fundamentals and strategic positioning 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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