Reported Earnings • May 19
First quarter 2026 earnings released: EPS: ب.د0.01 (vs ب.د0.012 in 1Q 2025) First quarter 2026 results: EPS: ب.د0.01 (down from ب.د0.012 in 1Q 2025). Revenue: ب.د48.8m (down 12% from 1Q 2025). Net income: ب.د20.6m (down 27% from 1Q 2025). Profit margin: 42% (down from 50% in 1Q 2025). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Mar 25
National Bank of Bahrain B.S.C. to Report Q1, 2026 Results on May 14, 2026 National Bank of Bahrain B.S.C. announced that they will report Q1, 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of ب.د0.025 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 09 April 2026. Payout ratio is on the higher end at 93%, and the cash payout ratio is above 100%. Trailing yield: 7.1%. Lower than top quartile of Bahraini dividend payers (7.6%). In line with average of industry peers (6.8%). Announcement • Feb 21
National Bank of Bahrain Appoints Mohamed Ebrahim Mahri as Chief Credit Officer National Bank of Bahrain has announced the appointment of Mohamed Ebrahim Mahri as chief credit officer. Mohamed Ebrahim Mahri has more than two decades of experience in credit risk management and commercial banking. Declared Dividend • Feb 19
Final dividend of ب.د0.025 announced Dividend of ب.د0.025 is the same as last year. Ex-date: 30th March 2026 Payment date: 9th April 2026 Dividend yield will be 7.0%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 3.1% to bring the payout ratio under control. EPS is expected to grow by 16% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 18
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: ب.د0.038 (up from ب.د0.036 in FY 2024). Revenue: ب.د191.8m (up 4.7% from FY 2024). Net income: ب.د85.1m (up 3.9% from FY 2024). Profit margin: 44% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.7%. Revenue is forecast to grow 8.2% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Feb 18
National Bank of Bahrain B.S.C., Annual General Meeting, Mar 18, 2026 National Bank of Bahrain B.S.C., Annual General Meeting, Mar 18, 2026. Announcement • Dec 22
National Bank of Bahrain B.S.C. to Report Fiscal Year 2025 Results on Feb 17, 2026 National Bank of Bahrain B.S.C. announced that they will report fiscal year 2025 results on Feb 17, 2026 Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ب.د0.009 (vs ب.د0.008 in 3Q 2024) Third quarter 2025 results: EPS: ب.د0.009 (up from ب.د0.008 in 3Q 2024). Revenue: ب.د44.4m (up 1.1% from 3Q 2024). Net income: ب.د19.4m (up 1.6% from 3Q 2024). Profit margin: 44% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Sep 22
National Bank of Bahrain B.S.C. to Report Nine Months, 2025 Results on Nov 11, 2025 National Bank of Bahrain B.S.C. announced that they will report nine months, 2025 results on Nov 11, 2025 Declared Dividend • Aug 14
First half dividend of ب.د0.01 announced Shareholders will receive a dividend of ب.د0.01. Ex-date: 19th August 2025 Payment date: 31st August 2025 Dividend yield will be 6.8%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 11% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 5.3% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 13
Second quarter 2025 earnings released: EPS: ب.د0.009 (vs ب.د0.008 in 2Q 2024) Second quarter 2025 results: EPS: ب.د0.009 (up from ب.د0.008 in 2Q 2024). Revenue: ب.د45.6m (up 3.6% from 2Q 2024). Net income: ب.د19.4m (up 1.6% from 2Q 2024). Profit margin: 43% (in line with 2Q 2024). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jun 23
National Bank of Bahrain B.S.C. to Report First Half, 2025 Results on Aug 12, 2025 National Bank of Bahrain B.S.C. announced that they will report first half, 2025 results on Aug 12, 2025 Reported Earnings • May 14
First quarter 2025 earnings released: EPS: ب.د0.012 (vs ب.د0.012 in 1Q 2024) First quarter 2025 results: EPS: ب.د0.012 (in line with 1Q 2024). Revenue: ب.د56.0m (up 3.9% from 1Q 2024). Net income: ب.د28.1m (up 2.2% from 1Q 2024). Profit margin: 50% (in line with 1Q 2024). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 27
Upcoming dividend of ب.د0.025 per share Eligible shareholders must have bought the stock before 03 April 2025. Payment date: 15 April 2025. Payout ratio is on the higher end at 83% but the company is not cash flow positive. Trailing yield: 6.1%. Lower than top quartile of Bahraini dividend payers (7.6%). In line with average of industry peers (5.9%). Announcement • Mar 20
The National Bank of Bahrain B.S.C. to Report Q1, 2025 Results on May 13, 2025 The National Bank of Bahrain B.S.C. announced that they will report Q1, 2025 results on May 13, 2025 Declared Dividend • Feb 28
Final dividend of ب.د0.025 announced Shareholders will receive a dividend of ب.د0.025. Ex-date: 3rd April 2025 Payment date: 15th April 2025 Dividend yield will be 7.1%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2024 earnings released: EPS: ب.د0.036 (vs ب.د0.035 in FY 2023) Full year 2024 results: EPS: ب.د0.036 (up from ب.د0.035 in FY 2023). Revenue: ب.د182.6m (up 3.4% from FY 2023). Net income: ب.د81.9m (up 3.5% from FY 2023). Profit margin: 45% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Feb 27
The National Bank of Bahrain B.S.C., Annual General Meeting, Mar 27, 2025 The National Bank of Bahrain B.S.C., Annual General Meeting, Mar 27, 2025. Announcement • Feb 26
National Bank of Bahrain B.S.C Recommends Cash Dividend for the Year Ended 31 December 2024, Payable on April 15, 2025 The Board of Directors of National Bank of Bahrain B.S.C. resolved, at its meeting held on 25 February 2025, to recommend the distribution of dividend for the year ending 31 December 2024 to the shareholders whose names are registered on the Bank's register on the Record Date. This is subject to the approval of the regulatory authorities and the Bank's shareholders at the upcoming Annual General Meeting. The proposed distribution is as follow: Cash Dividend: 35% of share nominal value, equivalent to 35 fils per share amounting to BHD 79.2 million* (includes interim cash dividend of 10 fils per share that has already been distributed to the shareholders on 29 August 2024). Ex-Dividend Date is April 3, 2025, Record Date is April 6, 2025 and Payment Date is April 15, 2025. Announcement • Dec 25
The National Bank of Bahrain B.S.C. to Report Fiscal Year 2024 Results on Feb 25, 2025 The National Bank of Bahrain B.S.C. announced that they will report fiscal year 2024 results on Feb 25, 2025 Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ب.د0.008 (vs ب.د0.008 in 3Q 2023) Third quarter 2024 results: EPS: ب.د0.008 (in line with 3Q 2023). Revenue: ب.د43.9m (up 2.1% from 3Q 2023). Net income: ب.د19.1m (up 4.9% from 3Q 2023). Profit margin: 44% (up from 42% in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. 4 highly experienced directors. Non-Executive Director Vincent Van Den Boogert was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 24
The National Bank of Bahrain B.S.C. Announces Management Changes The National Bank of Bahrain announced the resignation of Mr. Nabeel Mahmood Kazim from his position as the Group Chief Operating Officer at the Bank for personal reasons and his last working day will be 24th November 2024. Mr. Nabeel Mustafa, Head of Bank Operations, will be the Acting Group Chief Operating Officer, effective 25th November 2024. Mr. Nabeel Mustafa, Head of Bank Operations, will be the Acting Group Chief Operating Officer, effective 25th November 2024. Announcement • Sep 24
The National Bank of Bahrain B.S.C. to Report Nine Months, 2024 Results on Nov 12, 2024 The National Bank of Bahrain B.S.C. announced that they will report nine months, 2024 results on Nov 12, 2024 New Risk • Sep 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bahraini stocks, typically moving 3.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (3.9% average weekly change). Announcement • Aug 21
The National Bank of Bahrain B.S.C. (BAX:NBB) acquired an additional 8.56% stake in SICO BSC. The National Bank of Bahrain B.S.C. (BAX:NBB) acquired an additional 8.56% stake in SICO BSC on August 20, 2024.
The National Bank of Bahrain B.S.C. (BAX:NBB) completed the acquisition of an additional 8.56% stake in SICO BSC on August 20, 2024. Declared Dividend • Aug 09
First half dividend of ب.د0.01 announced Shareholders will receive a dividend of ب.د0.01. Ex-date: 15th August 2024 Payment date: 29th August 2024 Dividend yield will be 6.3%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 2.7% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 08
Second quarter 2024 earnings released: EPS: ب.د0.008 (vs ب.د0.008 in 2Q 2023) Second quarter 2024 results: EPS: ب.د0.008 (in line with 2Q 2023). Revenue: ب.د44.0m (flat on 2Q 2023). Net income: ب.د19.1m (up 3.8% from 2Q 2023). Profit margin: 43% (up from 42% in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Jun 25
The National Bank of Bahrain B.S.C. to Report First Half, 2024 Results on Aug 06, 2024 The National Bank of Bahrain B.S.C. announced that they will report first half, 2024 results on Aug 06, 2024 Buy Or Sell Opportunity • Jun 10
Now 21% overvalued Over the last 90 days, the stock has fallen 1.4% to ب.د0.55. The fair value is estimated to be ب.د0.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. Buy Or Sell Opportunity • May 19
Now 20% overvalued Over the last 90 days, the stock has fallen 9.3% to ب.د0.54. The fair value is estimated to be ب.د0.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. Reported Earnings • May 15
First quarter 2024 earnings released: EPS: ب.د0.012 (vs ب.د0.01 in 1Q 2023) First quarter 2024 results: EPS: ب.د0.012 (up from ب.د0.01 in 1Q 2023). Revenue: ب.د53.7m (up 20% from 1Q 2023). Net income: ب.د27.5m (up 23% from 1Q 2023). Profit margin: 51% (up from 50% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Mar 26
The National Bank of Bahrain B.S.C. to Report Q1, 2024 Results on May 14, 2024 The National Bank of Bahrain B.S.C. announced that they will report Q1, 2024 results on May 14, 2024 Upcoming Dividend • Mar 25
Upcoming dividend of ب.د0.02 per share Eligible shareholders must have bought the stock before 01 April 2024. Payment date: 21 April 2024. Payout ratio is on the higher end at 86%, however this is supported by cash flows. Trailing yield: 7.2%. Within top quartile of Bahraini dividend payers (7.2%). Higher than average of industry peers (4.8%). New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Bahraini stocks, typically moving 2.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (2.2% average weekly change). Declared Dividend • Feb 29
Final dividend of ب.د0.02 announced Shareholders will receive a dividend of ب.د0.02. Ex-date: 1st April 2024 Payment date: 21st April 2024 Dividend yield will be 5.1%, which is higher than the industry average of 3.1%. Sustainability & Growth The dividend has increased by an average of 3.1% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 9.5% to bring the payout ratio under control, which is more than the 2.2% EPS growth achieved over the last 5 years. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: ب.د0.035 (vs ب.د0.03 in FY 2022) Full year 2023 results: EPS: ب.د0.035 (up from ب.د0.03 in FY 2022). Revenue: ب.د177.5m (up 13% from FY 2022). Net income: ب.د79.1m (up 16% from FY 2022). Profit margin: 45% (up from 43% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Feb 08
The National Bank of Bahrain Appoints Mohsin Rahim as the Group Chief Financial Officer The National Bank of Bahrain announced the appointment of Mr. Mohsin Rahim as the Group Chief Financial Officer at the Bank effective 8th February 2024. Announcement • Dec 26
The National Bank of Bahrain B.S.C. to Report Fiscal Year 2023 Results on Feb 27, 2024 The National Bank of Bahrain B.S.C. announced that they will report fiscal year 2023 results on Feb 27, 2024 Announcement • Dec 06
The National Bank of Bahrain Announces Resignation of Mr. Isa Hasan Maseeh from the Position as the Group Chief Risk Officer, Effective on December 31, 2023 The National Bank of Bahrain announced the resignation of Mr. Isa Hasan Maseeh from his position as the Group Chief Risk Officer at the Bank to pursue another career opportunity and his last working day will be 31 December 2023. Date of Appointment to the last position is November 18, 2020. Reported Earnings • Nov 06
Third quarter 2023 earnings released: EPS: ب.د0.008 (vs ب.د0.006 in 3Q 2022) Third quarter 2023 results: EPS: ب.د0.008 (up from ب.د0.006 in 3Q 2022). Revenue: ب.د43.0m (up 27% from 3Q 2022). Net income: ب.د18.2m (up 60% from 3Q 2022). Profit margin: 42% (up from 34% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 9% per year. Announcement • Sep 26
National Bank of Bahrain BSC to Report Nine Months, 2023 Results on Nov 07, 2023 National Bank of Bahrain BSC announced that they will report nine months, 2023 results on Nov 07, 2023 Announcement • Sep 01
An unknown buyer acquired an unknown minority stake in Esterad Investment Company BSC from National Bank of Bahrain BSC. An unknown buyer acquired an unknown minority stake in Esterad Investment Company BSC from National Bank of Bahrain BSC on August 31, 2023.An unknown buyer completed the acquisition of an unknown minority stake in Esterad Investment Company BSC from National Bank of Bahrain BSC on August 31, 2023. Announcement • Aug 09
National Bank of Bahrain B.S.C Announces Dividend, Payable on August 30, 2023 The Board of Directors of National Bank of Bahrain B.S.C. resolved, at its meeting held on 8 August 2023, to recommend the distribution of interim dividends for the six months ending 30 June 2023 to the shareholders whose names are registered on the Bank's register on the Record Date. This is subject to the approval of the regulatory authorities. The proposed distribution is as follow: Cash Dividend: 10% of share nominal value, equivalent to 10 fils per share amounting to BD 22.7 million. Ex-Dividend Date is August 17, 2023, Record date is August 20, 2023, Payment Date is August 30, 2023. Reported Earnings • Aug 09
Second quarter 2023 earnings released: EPS: ب.د0.008 (vs ب.د0.009 in 2Q 2022) Second quarter 2023 results: EPS: ب.د0.008 (down from ب.د0.009 in 2Q 2022). Revenue: ب.د43.7m (up 11% from 2Q 2022). Net income: ب.د18.4m (down 8.0% from 2Q 2022). Profit margin: 42% (down from 51% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Announcement • Jun 28
National Bank of Bahrain Announces the Retirement of Bruce Wade as Group Chief Executive - Financial Restructuring National Bank of Bahrain BSC announced the retirement of Mr. Bruce Wade, holder of the Group Chief Executive - Financial Restructuring position at NBB Group and his last working day will be July 10, 2023. Announcement • Jun 26
National Bank of Bahrain BSC to Report Q2, 2023 Results on Aug 08, 2023 National Bank of Bahrain BSC announced that they will report Q2, 2023 results on Aug 08, 2023 Reported Earnings • May 09
First quarter 2023 earnings released: EPS: ب.د0.01 (vs ب.د0.008 in 1Q 2022) First quarter 2023 results: EPS: ب.د0.01 (up from ب.د0.008 in 1Q 2022). Revenue: ب.د44.7m (up 7.5% from 1Q 2022). Net income: ب.د22.4m (up 16% from 1Q 2022). Profit margin: 50% (up from 47% in 1Q 2022). Revenue is forecast to grow 9.5% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 19
Upcoming dividend of ب.د0.025 per share at 3.5% yield Eligible shareholders must have bought the stock before 26 March 2023. Payment date: 05 April 2023. Payout ratio is on the higher end at 75%, however this is supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Bahraini dividend payers (6.8%). In line with average of industry peers (3.4%). Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: ب.د0.033 (vs ب.د0.024 in FY 2021) Full year 2022 results: EPS: ب.د0.033 (up from ب.د0.024 in FY 2021). Revenue: ب.د156.7m (up 16% from FY 2021). Net income: ب.د68.1m (up 26% from FY 2021). Profit margin: 44% (up from 40% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Dec 27
National Bank of Bahrain BSC to Report Fiscal Year 2022 Results on Feb 28, 2023 National Bank of Bahrain BSC announced that they will report fiscal year 2022 results on Feb 28, 2023 Price Target Changed • Nov 16
Price target increased to ب.د0.65 Up from ب.د0.27, the current price target is provided by 1 analyst. New target price is 8.2% above last closing price of ب.د0.60. Stock is up 6.6% over the past year. The company is forecast to post earnings per share of ب.د0.038 for next year compared to ب.د0.026 last year. Announcement • Nov 08
National Bank of Bahrain BSC Appoints Nabeel Mahmood Kazim as the Group Chief Operating Officer The National Bank of Bahrain announced the appointment of Mr. Nabeel Mahmood Kazim as the Group Chief Operating Officer at the Bank, effective November 3, 2022. Reported Earnings • Nov 02
Third quarter 2022 earnings released: EPS: ب.د0.006 (vs ب.د0.007 in 3Q 2021) Third quarter 2022 results: EPS: ب.د0.006 (down from ب.د0.007 in 3Q 2021). Revenue: ب.د34.0m (down 1.2% from 3Q 2021). Net income: ب.د11.4m (down 26% from 3Q 2021). Profit margin: 34% (down from 45% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Oct 14
National Bank of Bahrain BSC Announces Executive Changes National Bank of Bahrain BSC announced the retirement of Mr. Jean Christophe Durand from his position as the Chief Executive Officer at the Bank on 31st December 2022. The National Bank of Bahrain would like to also announces the appointment of Mr. Usman Ahmed as the Group Chief Executive Officer effective 1st January 2023. Mr. Usman has over 27 years of diverse international banking experience in emerging markets across the EMEA and Asia Pacific regions. During the last 14 years he has held various senior leadership roles as CEO, Managing Director and Board Member. His experience spans across regional and country leadership, Corporate & Investment Banking, Capital Markets, Commercial, Consumer and Islamic Banking in London, Hong Kong, Dubai, Philippines, Pakistan, Bahrain and Malaysia. Ahmed has also previously served as a director on various boards, including the Asian Institute of Chartered Bankers, the Bahrain Institute of Banking and Finance, the American Chambers of Commerce in Malaysia and Bahrain, the Association of Banks in Malaysia, the Bahrain International School Association, Injaz Bahrain and the Financial Industries Collective Outreach Malaysia. Announcement • Sep 26
National Bank of Bahrain BSC to Report Q3, 2022 Results on Nov 01, 2022 National Bank of Bahrain BSC announced that they will report Q3, 2022 results on Nov 01, 2022 Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: ب.د0.01 (vs ب.د0.008 in 2Q 2021) Second quarter 2022 results: EPS: ب.د0.01 (up from ب.د0.008 in 2Q 2021). Revenue: ب.د39.5m (up 14% from 2Q 2021). Net income: ب.د20.0m (up 34% from 2Q 2021). Profit margin: 51% (up from 43% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jul 25
The National Bank of Bahrain Announces Executive Changes The National Bank of Bahrain announced the retirement of Mr. Iain Blacklaw from his position as the Group Chief Operating Officer at the Bank and his last working day will be 11th August 2022. Mr. Razi Amin who is currently the Group Chief Information Officer, will be the Acting Group Chief Operating Officer as an interim arrangement effective 14th August 2022. Announcement • Jun 23
National Bank of Bahrain BSC to Report Q2, 2022 Results on Aug 02, 2022 National Bank of Bahrain BSC announced that they will report Q2, 2022 results on Aug 02, 2022 Reported Earnings • May 14
First quarter 2022 earnings released: EPS: ب.د0.009 (vs ب.د0.007 in 1Q 2021) First quarter 2022 results: EPS: ب.د0.009 (up from ب.د0.007 in 1Q 2021). Revenue: ب.د41.6m (up 21% from 1Q 2021). Net income: ب.د19.4m (up 24% from 1Q 2021). Profit margin: 47% (up from 45% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of ب.د0.02 per share Eligible shareholders must have bought the stock before 28 March 2022. Payment date: 06 April 2022. Payout ratio is a comfortable 69% but the company is not cash flow positive. Trailing yield: 2.9%. Lower than top quartile of Bahraini dividend payers (5.5%). In line with average of industry peers (3.1%). Announcement • Feb 24
National Bank of Bahrain B.S.C. Recommends Cash Dividend for the Year Ended 31 December 2021, Payable on April 10, 2022 The Board of Directors of National Bank of Bahrain B.S.C. resolved, at its meeting held on 22 February 2022, to recommend the distribution of dividend for the year ended 31 December 2021 to the shareholders whose names are registered on the company's register on the Record Date. This is subject to the approval of the Bank's shareholders on the upcoming Annual General Meeting to be held on March 29, 2022. The proposed distribution is as follow: Cash Dividend: 20% of share nominal value, equivalent to 20 fils per share amounting to BHD 37.5 million. Ex-dividend date is March 31, 2022, record date is April 3, 222 and payment date is April 10, 2022. Reported Earnings • Feb 24
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ب.د0.029 (vs ب.د0.029 in FY 2020). Revenue: ب.د135.4m (up 12% from FY 2020). Net income: ب.د53.9m (up 1.1% from FY 2020). Profit margin: 40% (down from 44% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Feb 24
National Bank of Bahrain BSC, Annual General Meeting, Mar 29, 2022 National Bank of Bahrain BSC, Annual General Meeting, Mar 29, 2022. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS ب.د0.008 (vs ب.د0.007 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: ب.د34.4m (up 16% from 3Q 2020). Net income: ب.د15.3m (up 9.3% from 3Q 2020). Profit margin: 45% (down from 47% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Oct 19
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Rishi Kapoor was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 14
Second quarter 2021 earnings released: EPS ب.د0.008 (vs ب.د0.007 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ب.د32.8m (up 6.1% from 2Q 2020). Net income: ب.د14.9m (up 8.8% from 2Q 2020). Profit margin: 45% (up from 44% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming Dividend of ب.د0.02 Per Share Will be paid on the 12th of April to those who are registered shareholders by the 28th of March. The trailing yield of 3.2% is below the top quartile of Bahraini dividend payers (5.3%), and is lower than industry peers (4.4%). Announcement • Mar 17
National Bank of Bahrain BSC to Report Q1, 2021 Results on May 05, 2021 National Bank of Bahrain BSC announced that they will report Q1, 2021 results on May 05, 2021 Is New 90 Day High Low • Mar 15
New 90-day high: ب.د0.63 The company is up 1.0% from a price of ب.د0.62 on 15 December 2020. Outperformed the Bahraini market which is down 2.0% over the last 90 days. Exceeded the Banks industry, which is down 3.0% over the same period. Reported Earnings • Feb 20
Full year 2020 earnings released: EPS ب.د0.032 (vs ب.د0.044 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: ب.د120.9m (up 1.3% from FY 2019). Net income: ب.د53.3m (down 28% from FY 2019). Profit margin: 44% (down from 62% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Announcement • Feb 19
National Bank of Bahrain BSC, Annual General Meeting, Mar 24, 2021 National Bank of Bahrain BSC, Annual General Meeting, Mar 24, 2021. Agenda: To approve dividend. Is New 90 Day High Low • Jan 27
New 90-day low: ب.د0.60 The company is down 3.0% from its price of ب.د0.62 on 28 October 2020. The Bahraini market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 2.0% over the same period. Is New 90 Day High Low • Jan 05
New 90-day low: ب.د0.61 The company is down 1.0% from its price of ب.د0.62 on 07 October 2020. The Bahraini market is up 3.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 3.0% over the same period. Reported Earnings • Nov 02
Third quarter 2020 earnings released: EPS ب.د0.008 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: ب.د29.7m (up 9.6% from 3Q 2019). Net income: ب.د14.0m (down 13% from 3Q 2019). Profit margin: 47% (down from 59% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 06
National Bank of Bahrain BSC to Report First Half, 2020 Results on Jul 29, 2020 National Bank of Bahrain BSC announced that they will report first half, 2020 results on Jul 29, 2020 
