Dubai Islamic Bank P.J.S.C Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St

November 07, 2024

Dubai Islamic Bank P.J.S.C (DFM:DIB) Third Quarter 2024 Results

Key Financial Results

Revenue: د.إ3.15b (up 25% from 3Q 2023).
Net income: د.إ2.03b (up 30% from 3Q 2023).
Profit margin: 64% (up from 62% in 3Q 2023). The increase in margin was driven by higher revenue.
EPS: د.إ0.27 (up from د.إ0.22 in 3Q 2023).

earnings-and-revenue-growth — DFM:DIB Earnings and Revenue Growth November 7th 2024

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

Dubai Islamic Bank P.J.S.C EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 40%.

Looking ahead, revenue is forecast to grow 3.7% 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 share price is broadly unchanged from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Dubai Islamic Bank P.J.S.C (1 makes us a bit uncomfortable!) that you should be aware of before investing here.

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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.