Stock Analysis

Sharjah Islamic Bank PJSC First Quarter 2024 Earnings: EPS: د.إ0.07 (vs د.إ0.072 in 1Q 2023)

Simply Wall St

April 24, 2024

Sharjah Islamic Bank PJSC (ADX:SIB) First Quarter 2024 Results

Key Financial Results

Revenue: د.إ459.8m (up 18% from 1Q 2023).
Net income: د.إ259.7m (up 11% from 1Q 2023).
Profit margin: 56% (down from 60% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: د.إ0.07.

earnings-and-revenue-growth — ADX:SIB Earnings and Revenue Growth April 24th 2024

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

Sharjah Islamic Bank PJSC Earnings Insights

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Banks industry in United Arab Emirates.

Performance of the Emirian Banks industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Sharjah Islamic Bank PJSC (1 is a bit unpleasant!) that you need to be mindful of.

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Find out whether Sharjah Islamic Bank PJSC is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary 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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.