- Net Income: Industrial Bank of Korea (IBK) reported a net income of 608.15 billion won for Q2 2024, which is an 8.4% decrease compared to the same period last year.
- Estimates vs. Actual: The reported net income was below the market estimate of 656.82 billion won.
- Operating Profit: The operating profit for Q2 2024 stood at 827.59 billion won, reflecting a 2.5% decline year-over-year.
- Sales Performance: Sales for IBK surged, reaching 8.40 trillion won, a 23% increase compared to the previous year.
- Analyst Ratings: The company has been rated by analysts with 15 buy recommendations, 8 hold recommendations, and 2 sell recommendations.
- Comparative Analysis: These results are compared to past values disclosed by the company in its original reports.
A look at Industrial Bank Of Korea Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| 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
Industrial Bank of Korea (IBK) presents a promising long-term outlook based on its Smartkarma Smart Scores. With top scores in Value, Dividend, and Momentum, IBK is positioned strongly in terms of financial stability, attractive dividend yields, and positive market performance. The high score in Growth also indicates potential for expansion and increased profitability. However, the lower score in Resilience may suggest some vulnerability to economic fluctuations, which investors should consider.
IBK, as a policy bank catering to the needs of small and medium-sized enterprises in Korea, plays a vital role in providing development finance and related banking services. Offering a wide range of financial products and services, including credit cards, insurance, and smart-phone banking, IBK is well-equipped to support the growth and success of businesses in the region. Investors looking for a bank with a strong value proposition and consistent dividend payouts may find IBK an attractive long-term investment option.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
