National Bank of Ras Al-Khaimah (P.S.C.) Third Quarter 2024 Earnings: EPS: د.إ0.30 (vs د.إ0.22 in 3Q 2023)

National Bank of Ras Al-Khaimah (P.S.C.) (ADX:RAKBANK) Third Quarter 2024 Results

Key Financial Results

• Revenue: د.إ1.06b (up 20% from 3Q 2023).
• Net income: د.إ597.8m (up 33% from 3Q 2023).
• Profit margin: 56% (up from 51% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: د.إ0.30 (up from د.إ0.22 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

National Bank of Ras Al-Khaimah (P.S.C.) Earnings Insights

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

You still need to take note of risks, for example - National Bank of Ras Al-Khaimah (P.S.C.) has 2 warning signs (and 1 which is a bit concerning) we think you should know about.

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