Arab National Bank Third Quarter 2024 Earnings: EPS Beats Expectations

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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