- Net Income: Siauliu Bankas reported a net income of €78.8 million for the fiscal year, marking a 4.5% increase compared to the previous year, closely aligning with the estimated €79.4 million.
- Interest Income Growth: The net interest income rose by 2.1% year-over-year, amounting to €160.2 million.
- Fee and Commission Surge: Fee and commission income witnessed a substantial growth of 43%, reaching €29.1 million.
- Dividend Proposal: The bank aims to propose a dividend distribution of €0.061 per share, representing 50% of its 2024 net profit.
- Share Buybacks: Plans are in place to allocate up to 5% of the 2024 net profit for buying back the bank’s own shares.
- Rebranding Initiative: A proposal for rebranding Šiaulių Bankas will be presented at the upcoming shareholders’ meeting.
- Analyst Recommendations: The bank currently holds 2 buy ratings and 1 hold rating, with no sell recommendations.
A look at Siauliu Bankas AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
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 provided an overall positive outlook for Siauliu Bankas AB based on their Smart Scores. The bank scored highest in Momentum with a score of 5, suggesting strong growth potential in the future. Additionally, Siauliu Bankas AB received solid scores of 4 in Value and 3 in Dividend, Growth, and Resilience. This indicates that the bank is undervalued relative to its peers and has the potential for growth and resilience in the face of market fluctuations.
Siauliu Bankas AB is a commercial bank that primarily focuses on lending to small and medium-sized businesses. With the backing of the European Bank for Reconstruction and Development as its major shareholder, the bank also offers securities brokerage services, foreign exchange transactions, business loans, and mortgages. The positive Smart Scores highlight the bank’s overall strong standing and potential for continued success in the long term.
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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