- Unicaja reported a 4th quarter net income of €122 million, which was lower than the estimate of €140.1 million.
- Net interest income reached €381 million, slightly above the expected €362.4 million.
- The net fee income was €131 million, a 1.5% decrease year-over-year but exceeded the estimate of €127.2 million.
- Pretax profit was €163 million, a significant improvement compared to a loss of €42 million the previous year, though it fell short of the expected €197.3 million.
- The Common Equity Tier 1 (CET1) ratio was 15.1%, slightly under the forecasted 15.4%.
- The bad loans ratio was 2.7%, better than the estimated 2.78%.
- Total income increased by 18% year-over-year to €521 million, surpassing the forecast of €495.7 million.
- For the year 2024, Unicaja’s net income was €573 million, just below the projected €588 million.
- Unicaja anticipates an efficiency ratio of less than 50% between 2025 and 2027.
- The bank expects its interest margin to exceed €1,400 million annually during 2025-2027.
- Analyst recommendations for Unicaja include 7 buys, 9 holds, and 3 sells.
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A look at Unicaja Banco SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.2 |
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
Unicaja Banco SA, a banking institution in Spain, is poised for a strong long-term outlook according to Smartkarma Smart Scores. With top scores in Value, Resilience, and Momentum, the company demonstrates robust fundamentals and a promising trajectory. The Value score of 5 reflects the company’s attractive valuation, while its strong Resilience score of 5 indicates its ability to weather economic uncertainties. Additionally, the Momentum score of 5 suggests positive market sentiment and potential for future growth. Despite a lower Growth score of 2, Unicaja Banco SA‘s overall outlook appears favorable for investors looking for stability and potential returns.
Providing a range of banking services including deposits, loans, e-banking, and asset management, Unicaja Banco SA caters to customers in Spain. With a solid Dividend score of 4, the company may also appeal to income-seeking investors. Overall, Unicaja Banco SA‘s impressive Smart Scores underscore its strengths in various key areas, making it a compelling choice for those seeking a stable and resilient investment option within the banking sector.
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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