- KBC’s net interest income surpassed expectations, reaching €1.51 billion compared to the estimated €1.45 billion.
- Net fee and commission income slightly missed the mark with €667 million versus the €668.1 million estimate.
- Net income was higher than anticipated at €1.02 billion against an estimate of €927.5 million.
- The net interest margin fell short of predictions, at 2.08% compared to the 2.11% estimate.
- Total income exceeded expectations, achieving €3.04 billion over the estimated €2.95 billion.
- Operating expenses were in line with estimates at €1.02 billion.
- Impairment losses were higher than forecasted, totaling €124.0 million against the expected €99.2 million.
- The cost to income ratio was reported at 45%.
- Analyst recommendations for KBC include 7 buys, 11 holds, and 3 sells.
A look at KBC Groep NV 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
“`html
Based on the Smartkarma Smart Scores, KBC Groep NV appears to have a positive long-term outlook. The company received solid scores across various factors, including a good rating for Dividend and Growth, indicating stability and potential for future expansion. Additionally, its Resilience score suggests a level of durability in uncertain market conditions, while the Momentum score points to a steady performance trend.
KBC Groep NV, a company offering banking and insurance services, has established itself as a reliable institution that attracts deposits and provides a range of financial products. With a balanced profile across Value, Dividend, Growth, Resilience, and Momentum, KBC Groep NV seems well-positioned to navigate the evolving market landscape and drive sustainable growth in the long run.
“`
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
