- Net Income: Isbank reported a net income of 15.1 billion liras in Q2, which is a 19% decrease year-over-year. However, it beat estimates, which were 14.6 billion liras.
- Net Interest Income: The bank’s net interest income was 8.58 billion liras, showing a decline of 44% year-over-year.
- Fee & Commission Income: Fee and commission income increased significantly to 21.5 billion liras from 7.47 billion liras year-over-year.
- Year Forecast – Net Interest Margin: Isbank forecasts a net interest margin of about 2% for the year, down from an earlier forecast of about 4%.
- Year Forecast – Net Cost of Risk: The bank sees the net cost of risk at approximately 100 basis points, down from an earlier estimate of about 150 basis points.
- Year Forecast – RoaE: Isbank projects Return on Average Equity (RoaE) at about 30%, down from a previous projection of higher than 35%.
- Analyst Recommendations: The bank has received 9 buy, 10 hold, and 1 sell recommendations from analysts.
A look at Turkiye Is Bankasi Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| 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, Turkiye Is Bankasi is poised for a promising long-term outlook. With a high Value score of 4, the company is considered to be undervalued in the market, offering potential for investors seeking solid returns. In addition, its strong Dividend score of 4 signifies a stable dividend payment track record, making it an attractive choice for income-focused investors. While the Growth and Resilience scores stand at 3, indicating moderate performance in these areas, the company shines with a top Momentum score of 5, showcasing strong positive market sentiment and potential for future growth.
Turkiye Is Bankasi, also known as Isbank, is a leading Turkish bank that provides a wide range of banking services to retail, corporate, and public sector clients. In addition to its core banking offerings, Isbank also excels in asset and wealth management, capital markets, securities brokerage, and insurance services across Turkey. The company further diversifies its portfolio through equity investments in various Turkish companies, with a focus on industries such as glass manufacturing. With its favorable Smartkarma Smart Scores, Turkiye Is Bankasi appears well-positioned to deliver value and growth opportunities for investors in the long run.
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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