Reported Earnings • May 06
First quarter 2026 earnings released: EPS: د.أ0.089 (vs د.أ0.13 in 1Q 2025) First quarter 2026 results: EPS: د.أ0.089 (down from د.أ0.13 in 1Q 2025). Revenue: د.أ91.4m (down 3.5% from 1Q 2025). Net income: د.أ24.4m (down 26% from 1Q 2025). Profit margin: 27% (down from 35% in 1Q 2025). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
Capital Bank of Jordan, Annual General Meeting, May 03, 2026 Capital Bank of Jordan, Annual General Meeting, May 03, 2026. Location: amman Jordan Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to د.أ2.71, the stock trades at a trailing P/E ratio of 5.7x. Average trailing P/E is 12x in the Banks industry in Jordan. Total returns to shareholders of 36% over the past three years. Reported Earnings • Aug 03
Second quarter 2025 earnings released: EPS: د.أ0.11 (vs د.أ0.042 in 2Q 2024) Second quarter 2025 results: EPS: د.أ0.11 (up from د.أ0.042 in 2Q 2024). Revenue: د.أ96.4m (up 29% from 2Q 2024). Net income: د.أ28.5m (up 160% from 2Q 2024). Profit margin: 30% (up from 15% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Reported Earnings • May 02
First quarter 2025 earnings released: EPS: د.أ0.13 (vs د.أ0.13 in 1Q 2024) First quarter 2025 results: EPS: د.أ0.13 (down from د.أ0.13 in 1Q 2024). Revenue: د.أ94.8m (flat on 1Q 2024). Net income: د.أ32.8m (down 2.9% from 1Q 2024). Profit margin: 35% (down from 36% in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Announcement • Apr 04
Capital Bank of Jordan, Annual General Meeting, Apr 17, 2025 Capital Bank of Jordan, Annual General Meeting, Apr 17, 2025. Location: amman Jordan Board Change • Apr 03
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Abubaker Seddiq Mohamed Al Khoori was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: د.أ0.10 (vs د.أ0.074 in 3Q 2023) Third quarter 2024 results: EPS: د.أ0.10 (up from د.أ0.074 in 3Q 2023). Revenue: د.أ79.1m (up 3.6% from 3Q 2023). Net income: د.أ26.4m (up 35% from 3Q 2023). Profit margin: 33% (up from 26% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: د.أ0.042 (vs د.أ0.07 in 2Q 2023) Second quarter 2024 results: EPS: د.أ0.042 (down from د.أ0.07 in 2Q 2023). Revenue: د.أ74.9m (up 14% from 2Q 2023). Net income: د.أ11.0m (down 40% from 2Q 2023). Profit margin: 15% (down from 28% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Banks industry in Asia. 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 5% per year, which means it is well ahead of earnings. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: د.أ0.13 (vs د.أ0.088 in 1Q 2023) First quarter 2024 results: EPS: د.أ0.13 (up from د.أ0.088 in 1Q 2023). Revenue: د.أ94.0m (up 58% from 1Q 2023). Net income: د.أ33.8m (up 47% from 1Q 2023). Profit margin: 36% (down from 39% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 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 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. Announcement • Apr 30
Capital Bank Appoints Tamer Ghazaleh as New CEO The Board of Directors of Capital Bank has appointed Tamer Ghazaleh as the new CEO. With over twenty-six years of banking experience, Ghazaleh held key leadership roles, including Deputy Group CEO of Audi Bank in Lebanon from 2020 to 2024, and as the Group's CFO from 2015 to 2020, previously acting as Deputy CFO. Ghazaleh has spearheaded financial strategy development and participated in crucial decision-making, particularly as a member of key committees such as the Group Investments Committee and IT Strategic Committee. Moreover, he focused on enhancing financial oversight, managing risks, and ensuring policy compliance. Tamer Ghazaleh holds a bachelor's degree in accounting from the University of Jordan and has completed the Advanced Management Program at Harvard Business School. Reported Earnings • Feb 21
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: EPS: د.أ0.27 (down from د.أ0.38 in FY 2022). Revenue: د.أ273.4m (up 50% from FY 2022). Net income: د.أ71.9m (down 17% from FY 2022). Profit margin: 26% (down from 48% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) missed analyst estimates by 2.5%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Price Target Changed • Jan 15
Price target decreased by 9.1% to د.أ4.00 Down from د.أ4.40, the current price target is provided by 1 analyst. New target price is 90% above last closing price of د.أ2.11. Stock is down 16% over the past year. The company is forecast to post earnings per share of د.أ0.28 for next year compared to د.أ0.38 last year. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: د.أ0.074 (vs د.أ0.084 in 3Q 2022) Third quarter 2023 results: EPS: د.أ0.074. Revenue: د.أ76.3m (up 49% from 3Q 2022). Net income: د.أ19.5m (up 4.8% from 3Q 2022). Profit margin: 26% (down from 36% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Banks industry in Asia. Price Target Changed • Oct 12
Price target increased by 7.3% to د.أ4.40 Up from د.أ4.10, the current price target is provided by 1 analyst. New target price is 121% above last closing price of د.أ1.99. Stock is down 21% over the past year. The company is forecast to post earnings per share of د.أ0.38 for next year compared to د.أ0.38 last year. Major Estimate Revision • Aug 30
Consensus revenue estimates increase by 13%, EPS downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from د.أ261.0m to د.أ295.0m. EPS estimate fell from د.أ0.44 to د.أ0.38. Net income forecast to grow 49% next year vs 13% growth forecast for Banks industry in Jordan. Consensus price target up from د.أ3.96 to د.أ4.10. Share price was steady at د.أ1.97 over the past week. New Risk • Aug 03
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 21% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. 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. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (29% net profit margin). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: د.أ0.07 (vs د.أ0.077 in 2Q 2022) Second quarter 2023 results: EPS: د.أ0.07 (down from د.أ0.077 in 2Q 2022). Revenue: د.أ65.7m (up 158% from 2Q 2022). Net income: د.أ18.4m (flat on 2Q 2022). Profit margin: 28% (down from 73% in 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Major Estimate Revision • Jun 01
Consensus EPS estimates increase by 16% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from د.أ0.38 to د.أ0.44. Revenue forecast steady at د.أ261.0m. Net income forecast to grow 53% next year vs 14% growth forecast for Banks industry in Asia. Consensus price target of د.أ4.00 unchanged from last update. Share price was steady at د.أ2.19 over the past week. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: د.أ0.088 (vs د.أ0.19 in 1Q 2022) First quarter 2023 results: EPS: د.أ0.088 (down from د.أ0.19 in 1Q 2022). Revenue: د.أ59.5m (down 3.0% from 1Q 2022). Net income: د.أ23.0m (down 40% from 1Q 2022). Profit margin: 39% (down from 63% in 1Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 8.6% growth forecast for the Banks industry in Asia. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: د.أ0.38 (vs د.أ0.39 in FY 2021) Full year 2022 results: EPS: د.أ0.38. Revenue: د.أ181.9m (up 55% from FY 2021). Net income: د.أ86.8m (up 10% from FY 2021). Profit margin: 48% (down from 67% in FY 2021). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Asia. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent Director Abubaker Al Khoori was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: د.أ0.084 (vs د.أ0.04 in 3Q 2021) Third quarter 2022 results: EPS: د.أ0.084 (up from د.أ0.04 in 3Q 2021). Revenue: د.أ51.1m (up 68% from 3Q 2021). Net income: د.أ18.6m (up 133% from 3Q 2021). Profit margin: 36% (up from 26% in 3Q 2021). Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Banks industry in Asia. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improved over the past week After last week's 16% share price gain to د.أ2.45, the stock trades at a trailing P/E ratio of 6.2x. Average trailing P/E is 12x in the Banks industry in Jordan. Total returns to shareholders of 206% over the past three years. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS د.أ0.04 (vs د.أ0.03 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: د.أ30.4m (up 58% from 3Q 2020). Net income: د.أ7.97m (up 32% from 3Q 2020). Profit margin: 26% (down from 31% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 24
First quarter 2021 earnings released: EPS د.أ0.15 (vs د.أ0.025 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: د.أ46.8m (up 138% from 1Q 2020). Net income: د.أ29.3m (up 484% from 1Q 2020). Profit margin: 63% (up from 26% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 24
New 90-day high: د.أ1.21 The company is up 33% from its price of د.أ0.91 on 26 November 2020. The Jordanian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 5.0% over the same period. Is New 90 Day High Low • Jan 28
New 90-day high: د.أ1.09 The company is up 21% from its price of د.أ0.90 on 28 October 2020. The Jordanian market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 7.0% over the same period. Announcement • Dec 30
Capital Bank of Jordan (ASE:EXFB) signed a definitive agreement to acquire Jordan Branch Network of Bank Audi sal (BDB:AUDI). Capital Bank of Jordan (ASE:EXFB) signed a definitive agreement to acquire Jordan Branch Network of Bank Audi sal (BDB:AUDI) on December 29, 2020. As per the agreement, Jordan Branch Netwrok includes 14 branches of Bank Audi. In a related transaction, National Bank of Iraq, subsidiary of Capital Bank of Jordan signed a definitive agreement to acquire Iraq Branch Network of Bank Audi sal. The completion of both transactions remains subject to the receipt of the final approval of the related supervisory and regulatory authorities. The agreement was signed after an in-depth due diligence exercise conducted in accordance with the applicable legislations, and after obtaining the preliminary approvals of the Central Bank of Jordan and the Central Bank of Iraq. As of September 30, 2020, Jordan Branch Network of Bank Audi sal had assets of JOD 506 million. The transaction is expected to increase Capital Bank of Jordan's assets by about a third, to around JOD 3.7 billion. Is New 90 Day High Low • Dec 29
New 90-day high: د.أ0.96 The company is up 2.0% from its price of د.أ0.94 on 30 September 2020. The Jordanian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Banks industry, which is down 1.0% over the same period. Announcement • Sep 16
Capital Bank of Jordan (ASE:EXFB) agreed to acquire the Iraq and Jordan Units from Bank Audi sal (BDB:AUDI). Capital Bank of Jordan (ASE:EXFB) signed a letter of intent to acquire the Iraq and Jordan Units from Bank Audi sal (BDB:AUDI) on September 13, 2020. A binding offer is expected by end of October 2020 which is subject to the results of the due diligence investigation. The transaction has received initial approval from both monetary authorities. 
