- Bank AlBilad reported a first-quarter profit of 700.4 million riyals, which was below the estimated 710.7 million riyals.
- Operating income for the first quarter stood at 1.46 billion riyals, missing the estimated target of 1.48 billion riyals.
- The bank recorded impairments totaling 52.9 million riyals during the quarter.
- Pretax profit came in at 780.8 million riyals.
- Operating expenses for the period were 630.1 million riyals.
- Bank AlBilad’s total assets reached 159.10 billion riyals.
- The bank’s investments amounted to 26.39 billion riyals.
- Net loans for the quarter totaled 112.43 billion riyals.
- Total deposits amounted to 124.02 billion riyals.
- Analyst ratings for Bank AlBilad include 1 buy recommendation, 8 hold recommendations, and 1 sell recommendation.
A look at Bank AlBilad Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| 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
Bank AlBilad, a full-service bank that provides a variety of banking services, has been given an overall positive outlook based on Smartkarma Smart Scores. With strong ratings in key areas such as Value, Growth, and Resilience, the company is positioned well for long-term success. The bank’s high Resilience score indicates a robust ability to withstand market fluctuations and economic challenges. Additionally, its focus on Value and Growth highlights promising opportunities for both investors and the company’s expansion.
While Bank AlBilad‘s Dividend and Momentum scores are slightly lower, the strong ratings in other areas suggest a solid foundation for future growth and stability. Investors looking for a bank with a well-rounded performance across various factors may find Bank AlBilad to be a compelling choice for long-term investment. Overall, the company’s positive Smartkarma Smart Scores reflect its sound strategic positioning and potential for sustained success in 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.
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
