- Bankinter’s third-quarter net income was €258 million, slightly above the estimate of €255.8 million, but down 3.4% from the previous year.
- The bank’s income before tax stood at €367 million, nearly in line with the estimate of €367.2 million, showing a 2.9% decrease year-over-year.
- Operating gross profit increased by 1.9% from last year to €741 million, though it fell short of the estimate of €743.4 million.
- Net interest income slightly declined by 0.4% year-over-year to €568 million, missing the estimated €573.1 million.
- Net fee and commission income surged by 15% year-over-year, reaching €179 million, surpassing the estimate of €172.8 million.
- Bankinter reported a CET1 ratio (fully-loaded) of 12.6%, which was marginally above the estimate of 12.5%.
- The bad loans ratio was recorded at 2.2%, beating the estimate of 2.34%.
- Operating expenses rose by 6.5% year-over-year to €263 million, slightly below the estimate of €265.5 million.
- Analysts’ recommendations include 10 buys, 9 holds, and 6 sells.
A look at Bankinter SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.6 |
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
Bankinter SA, a leading financial institution in Spain, appears to have a promising long-term outlook based on the Smartkarma Smart Scores. With a top score in the Dividend category, the company shows strength in rewarding its investors with regular dividend payments. Additionally, Bankinter SA scores well in the Value and Growth factors, indicating a solid foundation and potential for future expansion. However, there are areas of concern, as reflected in the lower scores for Resilience and Momentum.
Despite some challenges, Bankinter SA‘s focus on providing a range of banking and financial services throughout Spain positions it well for continued growth. Investors may find the company attractive for its strong dividend policy and growth prospects in the competitive financial 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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