Arab National Bank Full Year 2024 Earnings: EPS Beats Expectations

Arab National Bank (TADAWUL:1080) Full Year 2024 Results

Key Financial Results

• Revenue: ر.س8.74b (up 11% from FY 2023).
• Net income: ر.س4.97b (up 22% from FY 2023).
• Profit margin: 57% (up from 52% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: ر.س2.48 (up from ر.س2.04 in FY 2023).

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

Arab National Bank EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.3%.

Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Banks industry in Saudi Arabia.

Performance of the Saudi Banks industry.

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

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Arab National Bank you should know about.

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