- Profit Performance: Bank AlBilad‘s 2nd quarter profit reached 670.8 million riyals, which is a 14% increase compared to the same period last year. This surpasses the estimated profit of 635.3 million riyals.
- Operating Income: The bank reported an operating income of 1.41 billion riyals, up 8.8% year-on-year, ahead of the estimated 1.37 billion riyals.
- Impairments: Impairments for the quarter were 82.2 million riyals, showing a 9% increase from the previous year.
- Operating Expenses: The total operating expenses amounted to 577.7 million riyals.
- Total Assets: The bank’s total assets stood at 145.29 billion riyals.
- Investment Portfolio: Investments were recorded at 22.89 billion riyals.
- Net Loans: The total net loans were 104.31 billion riyals.
- Total Deposits: Total deposits amounted to 114.53 billion riyals.
- Analyst Recommendations: The bank has received 1 buy recommendation, 5 hold recommendations, and 1 sell recommendation.
A look at Bank AlBilad Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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
Bank AlBilad, a full-service bank offering a range of banking products and services, has a Smartkarma Smart Score that indicates a positive long-term outlook. With a strong emphasis on growth and resilience, the bank is positioned well for future expansion and sustainability in the market. The above-average scores in these areas suggest a promising trajectory for Bank AlBilad‘s performance over time, supported by a solid foundation that can weather potential challenges.
While the scores for value, dividend, and momentum are slightly lower, the overall outlook remains optimistic due to the bank’s robust growth and resilience factors. Investors considering Bank AlBilad may find confidence in its potential for long-term success based on these key indicators provided by Smartkarma. As a key player in the banking sector, Bank AlBilad‘s strategic positioning and focus on growth and resilience could prove beneficial for investors seeking stability and growth in their portfolios.
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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