- Unicaja’s net income for the first quarter was €158 million, marking a significant 42% year-on-year increase, surpassing the estimated €127.5 million.
- Net interest income reached €369 million, a slight decline of 5.4% year-on-year, yet it exceeded the estimate of €364.4 million.
- Net fee income rose by 1.5% year-on-year to €132 million, which was higher than the estimated €130.2 million.
- Pretax profit increased by 23% year-on-year to €227 million, outperforming the estimate of €190.3 million.
- Unicaja’s CET1 ratio, fully-loaded, improved to 15.4% from the previous quarter’s 15.1%, aligning with the estimated 15.1%.
- The bad loans ratio improved to 2.6% compared to 3% from the previous year, and it was better than the estimated 2.64%.
- Total income rose to €515 million, an 11% increase year-on-year, exceeding the estimated €483.3 million.
- Analysts’ recommendations include 7 buys, 10 holds, and 3 sells for Unicaja.
A look at Unicaja Banco SA Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 3 | |
| Growth | 2 | |
| 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
Unicaja Banco SA, a banking institution providing a range of services in Spain, is positioned positively for the long term, as indicated by the Smartkarma Smart Scores. With a top score in Value and Momentum, the company is viewed favorably in terms of its financial attractiveness and market performance. Additionally, Unicaja Banco scores moderately in Dividend and Resilience, showing stability and a commitment to shareholder returns. However, in terms of Growth, the company is rated lower, indicating potential for improvement in expanding its operations and revenues.
Overall, Unicaja Banco SA‘s Smartkarma Smart Scores suggest a promising outlook for the company’s future prospects. With strengths in value and momentum, coupled with decent scores in dividend and resilience, the company appears well-positioned to navigate market challenges and deliver value to its stakeholders. By focusing on enhancing its growth potential, Unicaja Banco can further solidify its position in the banking sector and drive sustained long-term performance.
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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