- FAB’s third-quarter profit rose to 4.46 billion dirhams, surpassing the estimated 4.09 billion dirhams, marking a 4.8% increase from the previous year.
- Operating income for the quarter was 8.20 billion dirhams, exceeding the forecasted 7.73 billion dirhams.
- Impairments increased by 50% year-on-year to 909 million dirhams.
- Earnings per share were reported at 0.38 dirhams, higher than last year’s 0.36 dirhams and above the estimated 0.35 dirhams.
- Non-interest income saw a significant rise of 38% year-on-year, reaching 3.31 billion dirhams.
- Net interest income improved by 6.7% year-on-year, totaling 4.89 billion dirhams.
- Net fee and commission income increased by 41% year-on-year, amounting to 1.01 billion dirhams.
- Total assets grew to 1.23 trillion dirhams, reflecting a 3.7% rise from the previous year.
- Total deposits rose by 4.5% year-on-year to 820 billion dirhams.
- Analyst recommendations include 11 buys, 4 holds, and 1 sell.
A look at First Abu Dhabi Bank PJSC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| 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
Analysts at Smartkarma have indicated a positive long-term outlook for First Abu Dhabi Bank PJSC based on their Smart Scores evaluation. With solid scores in key areas, including Value, Momentum, and Resilience, the bank is positioned well for growth and stability. These scores reflect the bank’s strong financial position, consistent performance, and ability to withstand market challenges.
First Abu Dhabi Bank PJSC, a provider of banking services globally, has received a commendable overall assessment from Smartkarma. With a focus on value, momentum, and resilience, the bank is expected to continue its positive trajectory in the long term. Despite facing average scores in Dividend and Growth, First Abu Dhabi Bank’s robust fundamentals and strategic positioning indicate a promising future for investors.
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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