Arab National Bank (TADAWUL:1080) Third Quarter 2024 Results
Key Financial Results
- Revenue: ر.س2.24b (up 15% from 3Q 2023).
- Net income: ر.س1.24b (up 16% from 3Q 2023).
- Profit margin: 55% (in line with 3Q 2023).
- EPS: ر.س0.62 (up from ر.س0.54 in 3Q 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 25%.
Looking ahead, revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Banks industry in Saudi Arabia.
Performance of the Saudi Banks industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
Be aware that Arab National Bank is showing 1 warning sign in our investment analysis that you should know about...
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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.
About SASE:1080
Arab National Bank
Provides various banking products and services in the Kingdom of Saudi Arabia and the United Kingdom.
Flawless balance sheet established dividend payer.
