- KBC’s net interest income for the first quarter met the expectations at EU1.37 billion. The estimate was EU1.36 billion.
- The company posted a net income of EU506 million, surpassing the estimate of EU446.3 million.
- In Belgium, KBC made a net earning of EU243 million, though it was lower than the estimated EU287.3 million.
- The Group Centre reported a net loss of EU80.0 million.
- KBC’s net interest margin stood at 2.08%, slightly higher than the estimated 2.03%.
- Total income for the company capped at EU2.71 billion which matched the estimate.
- Analysts are split on the company’s performance with 9 buys, 11 holds, and 3 sells.
A look at KBC Groep NV Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| 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
Based on the Smartkarma Smart Scores, KBC Groep NV shows a positive long-term outlook. With a strong momentum score of 5, the company is displaying impressive growth potential and market performance. This indicates a favorable trajectory for investors looking for companies with strong upward momentum.
Furthermore, KBC Groep NV scores well in the areas of dividend and growth, with scores of 4 for both factors. This suggests the company offers attractive dividend opportunities and is well-positioned for future growth. While the value and resilience scores are slightly lower at 3, overall, KBC Groep NV presents a reliable investment option with solid fundamentals and growth prospects.
### Summary: KBC GROEP NV attracts deposits and offers banking and insurance services. The Bank offers mortgage and consumer loans, project financing, lease financing and factoring, and life, health, commercial, automobile, liability, industrial accident, and occupational insurance, and manages investment funds. ###
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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