Earnings Alerts

Bank Negara Indonesia Persero (BBNI) Earnings: 1Q Net Income Surpasses Estimates at 5.38 Trillion Rupiah

  • BNI, an Indonesian bank, reported a net income of 5.38 trillion rupiah in the first quarter, which is a 1% increase from the previous year and also surpasses the estimate of 5.29 trillion rupiah.
  • Net interest income for the same period was 9.83 trillion rupiah, marking a 4.7% rise year-on-year. However, it fell short of the analysts’ estimates, which averaged 10.42 trillion rupiah.
  • Earnings per share (EPS) increased slightly to 144 rupiah, compared to 143 rupiah in the previous year, but did not meet the estimated 145.66 rupiah.
  • The bank has received recommendations comprising 28 buys, 7 holds, and 1 sell, indicating a generally positive outlook among analysts.

Bank Negara Indonesia Persero on Smartkarma

Analysts on Smartkarma are bullish on Bank Negara Indonesia Persero (BBNI IJ) as noted in their recent research reports. Victor Galliano highlighted Negara’s attractive valuations, improving returns, and efficiency ratio, which are expected to drive the share re-rating. Additionally, Angus Mackintosh emphasized that Negara is focusing on becoming a transactional bank with CASA as a key focus, leading to higher NIMs and improved asset quality. Both analysts see the valuations of Bank Negara Indonesia as attractive, indicating potential growth prospects for the bank.

Furthermore, Victor Galliano‘s analysis suggests that Bank Negara Indonesia is starting to deliver stronger returns while maintaining favorable valuations. The bank’s improving efficiency ratio, low PEG ratio, and robust credit quality metrics are seen as positive factors for investors. Similarly, Mandiri is highlighted for its attractive PE multiples, potential for higher returns, and strong credit quality. Overall, the analysts recommend sticking with Bank Negara Indonesia and Bank Mandiri as promising investment opportunities in the Indonesian banking sector.


A look at Bank Negara Indonesia Persero Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth4
Resilience4
Momentum4
OVERALL SMART SCORE4.2

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

Investors looking at the long-term outlook for PT Bank Negara Indonesia (Persero) Tbk would find optimism in the Smartkarma Smart Scores. With strong ratings across various factors including Value, Dividend, Growth, Resilience, and Momentum, the company appears to be in a favorable position for future performance. This signifies that Bank Negara Indonesia Persero is performing well in terms of its valuation, dividend payouts, growth potential, resilience in challenging times, and momentum in the market.

As a state-owned bank providing commercial and consumer banking services, PT Bank Negara Indonesia (Persero) Tbk seems to have solid fundamental strengths that could support its growth and stability in the long run. The high scores in Dividend and Resilience indicate a focus on rewarding shareholders and maintaining financial stability, while the positive ratings in Value, Growth, and Momentum suggest opportunities for value appreciation and sustainable expansion in the competitive 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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