- Profit Surge: Riyad Bank‘s first-quarter profit reached 2.49 billion riyals, marking a 20% increase compared to the previous year.
- Exceeds Expectations: The profit surpassed the estimated 2.3 billion riyals.
- Operating Income: Recorded at 4.50 billion riyals, with a year-over-year growth of 10%.
- Earnings Per Share (EPS): EPS stood at 0.79 riyals, an increase from 0.66 riyals last year, aligning with the expected estimate.
- Impairments: Amounted to 361.72 billion riyals.
- Pretax Profit: Achieved at 2.77 trillion riyals, exceeding the estimated 2.73 billion riyals.
- Total Assets: Valued at 465.35 trillion riyals.
- Investments: Reached 69.27 trillion riyals.
- Net Loans: Totaled 338.99 trillion riyals.
- Total Deposits: Accumulated to 304.09 trillion riyals.
- Market Actions: There are 15 buy recommendations, 3 hold, and 1 sell for Riyad Bank stocks.
A look at Riyad Bank Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.0 |
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, Riyad Bank seems to have a positive long-term outlook. The bank scored well in various key factors, with high scores in Value, Dividend, and Growth. This indicates that Riyad Bank is performing strongly in terms of its financial metrics and potential for growth in the future. Additionally, the bank showed strong Momentum, suggesting that its stock price has been performing well recently. However, there was a slightly lower score in Resilience, indicating that the bank may face some challenges in this area.
Riyad Bank, a financial institution that offers a range of banking services including commercial and retail banking, seems to be on a solid footing according to the Smartkarma Smart Scores. With a focus on attracting deposits and providing various loan and financial services, the bank has positioned itself well in the market. Its strong performance in Value, Dividend, Growth, and Momentum categories bodes well for its future prospects. Despite a slightly lower score in Resilience, Riyad Bank‘s overall outlook appears positive based on the Smart Scores assessment.
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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