- National Bank of Bahrain reported a net income of 19.4 million dinars in the second quarter, marking a 1.6% increase compared to the same period last year.
- The bank’s operating income slightly decreased by 2.3% year-over-year, reaching 46 million dinars.
- Earnings per share (EPS) rose to 0.0090 dinars from 0.0080 dinars in the previous year.
- Net interest income experienced an 8.2% decline, amounting to 33.7 million dinars.
- Operating expenses increased by 7.2%, totaling 26.7 million dinars.
- There are no current recommendations for buying, holding, or selling shares of the bank.
A look at National Bank of Bahrain BSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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 Smartkarma Smart Scores, the long-term outlook for National Bank of Bahrain BSC looks promising. With strong scores in Dividend, Growth, and Momentum, the company appears well-positioned for future success. The bank’s solid performance in these areas signifies its ability to generate returns for investors while maintaining growth and market momentum.
National Bank of Bahrain BSC, a provider of commercial and retail banking services in Bahrain, showcases resilience in the face of market challenges with a score of 3. This resilience, coupled with its overall positive scores, suggests a stable and potentially lucrative investment opportunity for those considering the banking sector in Bahrain.
Summary:
National Bank of Bahrain BSC provides commercial and retail banking services in Bahrain. The Bank has 25 branch offices through which it offers corporate banking, retail banking, trade finance, financial institution, treasury, investment advisory and capital markets services.
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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