- Bank Hapoalim reported a net income of 1.76 billion shekels for the fourth quarter, a slight increase of 0.6% compared to the same period last year.
- The bank’s net interest income was 3.75 billion shekels, marking a decrease of 4.6% from the previous year.
- The provision for loan losses rose by 5.3% to 453 million shekels.
- The bank will pay a dividend of 26.3 agorot per share for the fourth quarter of 2023.
- In response to the outbreak of war, the bank has announced a series of benefits for customers to help them cope, which may cost around 470 million shekels.
- The bank’s board has suggested the possibility of declaring a higher dividend due to the bank’s robust financial position and significant capital surpluses.
- The bank has increased its collective provision due to the increased probability of an economic slowdown as a result of the war and an increase in automatic charge-offs.
- The bank noted that individual provision has remained low.
- The bank’s performance has been rated with 6 buys, 1 hold, and 0 sells.
A look at Bank Hapoalim Bm Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| 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
Bank Hapoalim Bm, one of Israel’s leading banks, has a positive long-term outlook according to Smartkarma Smart Scores. The bank has received a high score of 4 for both value and dividend, indicating its strong financial performance and commitment to rewarding shareholders.
Furthermore, Bank Hapoalim Bm has received the highest score of 5 for both growth and resilience, highlighting the bank’s potential for future growth and its ability to withstand economic challenges. However, the bank scored slightly lower with a score of 3 for momentum, suggesting that it may not be experiencing rapid growth at the moment.
Overall, Bank Hapoalim Bm is a well-established bank that offers a wide range of services to its personal, corporate, and institutional clients. With operations in Israel, the Americas, and Europe, the bank is well-positioned for continued success in the long term.
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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