- OTP Bank’s total income for Q4 surpassed estimates, reaching 622.20 billion forint, a 38% year-on-year increase.
- The net interest income stood at 425.04 billion forint, a 43% increase from the previous year, beating the estimated 414.96 billion forint.
- The net fee and commission income amounted to 132.07 billion forint.
- Net income also saw a 15% year-on-year increase reaching 132.58 billion forint.
- Total risk costs for the bank were 35.55 billion forint.
- For 2024, the bank expects the FX-adjusted organic performing loan volume growth to be higher than in 2023.
- It is also anticipated that the consolidated net interest margin will be similar to 2023.
- The bank predicts a consolidated cost-to-income ratio of around 45% for 2024.
- The portfolio risk profile for 2024 is expected to be similar to that of 2023.
- Leverage is expected to decline in 2024, which could result in a lower return on equity (ROE) than in 2023.
- There are currently 12 buys, 4 holds, and 0 sells for OTP Bank stocks.
A look at OTP Bank Nyrt Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 2 | |
| Growth | 4 | |
| 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
According to Smartkarma Smart Scores, the long-term outlook for OTP Bank Nyrt is looking positive. The company has received a score of 4 for value, indicating that it is currently undervalued in the market. This could mean that there is potential for the company’s stock price to increase in the future.
However, the company has received a lower score of 2 for dividend, which means it may not be as attractive for investors looking for regular dividend payments. On the other hand, OTP Bank Nyrt has received a high score of 5 for resilience, indicating that it is well-equipped to withstand any potential economic downturns or market volatility.
Additionally, the company has received a score of 4 for both growth and momentum, suggesting that it has a strong potential for future growth and has been performing well in the market. Overall, based on these scores, OTP Bank Nyrt appears to be in a good position for long-term success in the banking industry.
OTP Bank Nyrt is a bank based in Hungary that offers various financial services, including deposits, loans, insurance, and online banking. It has a wide network of branches throughout the country and caters to both retail and commercial clients. With its strong resilience and potential for growth, OTP Bank Nyrt is poised to continue its success in the 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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