- Riyad Bank‘s full-year profit was 9.32 billion riyals, surpassing the estimated 9.04 billion riyals.
- Total assets reached 450.38 billion riyals, outperforming the expected 442.77 billion riyals.
- Net loans amounted to 320.09 billion riyals.
- Total deposits were 306.42 billion riyals, exceeding the forecast of 296.85 billion riyals.
- Earnings per share (EPS) stood at 3.01 riyals.
- Analyst ratings include 14 buy recommendations, 4 holds, and no sell recommendations.
A look at Riyad Bank 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
According to Smartkarma Smart Scores, Riyad Bank is positioned favorably for long-term success. The bank excels in value, dividend payout, and momentum, achieving high scores in these key areas. Investors may find Riyad Bank to be a solid choice for potential growth and income opportunities.
Although Riyad Bank demonstrates strength in certain aspects, such as growth potential, there are areas where improvements could be made, as reflected in its resilience score. Overall, the bank’s strong performance in value, dividend, and momentum indicates a positive outlook for the future, with potential for continued success in the banking sector.
### Company Description Summary: Riyad Bank offers a wide range of banking services encompassing deposits, loans, risk analysis, credit cards, mutual funds, and more. ###
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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