Bank Albilad profit up 14% to SAR 559.9 mln in Q1 2023

27/04/2023 Argaam Exclusive

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Share Price

Bank Albilad (ALBILAD)

Bank Albilad posted a leap of 14% in Q1 2023 net profit to SAR 559.9 million, compared to SAR 490.3 million in the year-earlier period.

Current Quarter Comparison (M)

Compared With The

Item	Q1 2022	Q1 2023	Change‬
Net Income from investments and financial activities	944.46	1,037.44	9.8 %
Operating Income	1,264.51	1,335.61	5.6 %
Debt Provisions	(159.53)	(128.85)	19.2 %
Net Income	490.31	559.90	14.2 %
Average Shares	1,250.00	1,250.00	-
EPS (Riyals)	0.39	0.45	14.2 %
EPS Diluted (Riyal)	0.39	0.45	15.6 %

Item	Q4 2022	Q1 2023	Change‬
Net Income from investments and financial activities	982.17	1,037.44	5.6 %
Operating Income	1,348.67	1,335.61	(1.0 %)
Debt Provisions	(138.63)	(128.85)	7.1 %
Net Income	539.75	559.90	3.7 %
Average Shares	1,250.00	1,250.00	-
EPS (Riyals)	0.43	0.45	3.7 %
EPS Diluted (Riyal)	0.43	0.45	4.9 %

Total operating income rose 6% year-on-year (YoY), mainly due to higher net income from investing and financing assets, net gains on FVSI investment and other operating income. However, net fee and commission income, dividend income and net foreign exchange income decreased.

Total operating expenses before net impairment charges increased by 4% YoY, on increased salaries and employee related benefits, as well as depreciation and amortization. On the other hand, other general and administrative expenses declined.

Compared to Q4 2022, the bank's net profit grew by 3.7% from SAR 539.7 million.

Shareholders’ equity, no minority interest, increased to SAR 14.08 billion as of March 31, 2023, from SAR 12.32 billion a year earlier.

Balance Sheet (B)

Item	3m 2022	3m 2023	Change‬
Assets	116.44	135.37	16.3 %
Customer Deposits	86.08	105.48	22.5 %
Financing Investments	86.39	95.48	10.5 %

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Financial results (Million)

Period	Net Income from investments and financial activities	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
Q1 2014	227.06	2.3 %	477.51	6.2 %	(4.65)	92.8 %	173.71	21.9 %	0.14
Q2 2014	258.97	13.7 %	533.99	10.9 %	(24.41)	44.5 %	204.32	16.2 %	0.16
Q3 2014	264.41	7.1 %	550.55	13.1 %	9.14	122.8 %	237.06	20.3 %	0.19
Q4 2014	268.75	7.5 %	535.01	7.2 %	27.44	203.3 %	248.94	16.5 %	0.20
2014	1,019.18	7.7 %	2,097.05	9.4 %	7.52	104.3 %	864.03	18.5 %	0.69
Q1 2015	271.92	19.8 %	555.18	16.3 %	(16.12)	(246.6 %)	174.14	0.2 %	0.14
Q2 2015	286.56	10.7 %	584.92	9.5 %	(29.13)	(19.3 %)	206.46	1.0 %	0.17
Q3 2015	293.70	11.1 %	566.39	2.9 %	(25.73)	(381.7 %)	203.44	(14.2 %)	0.16
Q4 2015	310.22	15.4 %	588.13	9.9 %	(7.72)	(128.1 %)	204.38	(17.9 %)	0.16
2015	1,162.39	14.1 %	2,294.62	9.4 %	(78.69)	(1146.7 %)	788.42	(8.8 %)	0.63
Q1 2016	333.75	22.7 %	626.99	12.9 %	(56.41)	(250.0 %)	174.52	0.2 %	0.14
Q2 2016	348.66	21.7 %	641.50	9.7 %	(53.93)	(85.1 %)	183.87	(10.9 %)	0.15
Q3 2016	361.74	23.2 %	638.56	12.7 %	(37.68)	(46.4 %)	227.81	12.0 %	0.18
Q4 2016	363.76	17.3 %	680.38	15.7 %	(43.20)	(459.8 %)	221.52	8.4 %	0.18
2016	1,407.91	21.1 %	2,587.43	12.8 %	(191.21)	(143.0 %)	807.72	2.4 %	0.65
Q1 2017	391.74	17.4 %	690.77	10.2 %	(50.41)	10.6 %	229.38	31.4 %	0.18
Q2 2017	431.50	23.8 %	721.51	12.5 %	(76.67)	(42.2 %)	238.76	29.8 %	0.19
Q3 2017	448.83	24.1 %	762.94	19.5 %	(115.98)	(207.8 %)	248.05	8.9 %	0.20
Q4 2017	466.93	28.4 %	784.35	15.3 %	(135.57)	(213.8 %)	225.86	2.0 %	0.18
2017	1,739.00	23.5 %	2,959.58	14.4 %	(378.63)	(98.0 %)	942.05	16.6 %	0.75
Q1 2018	488.24	24.6 %	790.97	14.5 %	(95.11)	(88.7 %)	246.11	7.3 %	0.20
Q2 2018	521.40	20.8 %	842.68	16.8 %	(135.25)	(76.4 %)	265.90	11.4 %	0.21
Q3 2018	552.13	23.0 %	880.25	15.4 %	(148.14)	(27.7 %)	237.02	(4.4 %)	0.19
Q4 2018	602.46	29.0 %	902.12	15.0 %	(111.95)	17.4 %	(136.32)	(160.4 %)	(0.11)
2018	2,164.23	24.5 %	3,416.02	15.4 %	(490.45)	(29.5 %)	612.71	(35.0 %)	0.49
Q1 2019	597.09	22.3 %	921.41	16.5 %	(124.83)	(31.2 %)	284.89	15.8 %	0.23
Q2 2019	693.10	32.9 %	959.24	13.8 %	(137.81)	(1.9 %)	304.91	14.7 %	0.24
Q3 2019	728.59	32.0 %	1,023.65	16.3 %	(140.75)	5.0 %	326.63	37.8 %	0.26
Q4 2019	771.12	28.0 %	1,041.04	15.4 %	(139.70)	(24.8 %)	327.15	340.0 %	0.26
2019	2,823.76	30.5 %	3,945.35	15.5 %	(543.09)	(10.7 %)	1,243.74	103.0 %	0.99
Q1 2020	769.08	28.8 %	1,004.15	9.0 %	(208.05)	(66.7 %)	270.04	(5.2 %)	0.22
Q2 2020	821.22	18.5 %	999.51	4.2 %	(145.92)	(5.9 %)	318.06	4.3 %	0.25
Q3 2020	855.52	17.4 %	1,112.62	8.7 %	(160.29)	(13.9 %)	382.61	17.1 %	0.31
Q4 2020	846.81	9.8 %	1,139.90	9.5 %	(180.25)	(29.0 %)	377.81	15.5 %	0.30
2020	3,292.63	16.6 %	4,262.05	8.0 %	(694.51)	(27.9 %)	1,348.52	8.4 %	1.08
Q1 2021	858.76	11.7 %	1,132.99	12.8 %	(169.50)	18.5 %	392.75	45.4 %	0.31
Q2 2021	842.49	2.6 %	1,131.04	13.2 %	(136.35)	6.6 %	416.09	30.8 %	0.33
Q3 2021	886.75	3.7 %	1,174.47	5.6 %	(142.50)	11.1 %	449.70	17.5 %	0.36
Q4 2021	901.49	6.5 %	1,146.81	0.6 %	(121.33)	32.7 %	427.99	13.3 %	0.34
2021	3,489.49	6.0 %	4,583.95	7.6 %	(569.67)	18.0 %	1,686.54	25.1 %	1.35
Q1 2022	944.46	10.0 %	1,264.51	11.6 %	(159.53)	5.9 %	490.31	24.8 %	0.39
Q2 2022	956.66	13.6 %	1,252.76	10.8 %	(120.43)	11.7 %	510.98	22.8 %	0.41
Q3 2022	1,003.38	13.2 %	1,325.49	12.9 %	(132.06)	7.3 %	540.65	20.2 %	0.43
Q4 2022	982.17	8.9 %	1,348.67	17.6 %	(138.63)	(14.3 %)	539.75	26.1 %	0.43
2022	3,886.67	11.4 %	5,191.43	13.3 %	(550.65)	3.3 %	2,081.69	23.4 %	1.67
Q1 2023	1,037.44	9.8 %	1,335.61	5.6 %	(128.85)	19.2 %	559.90	14.2 %	0.45

Period	Net Income from investments and financial activities	Change	Operating Income	Change	Debt Provisions	Change	Net Income	Change	EPS(Riyal)
2013	946.62	12.8 %	1,917.23	10.4 %	(175.29)	36.3 %	729.17	(22.6 %)	0.58
2014	1,019.18	7.7 %	2,097.05	9.4 %	7.52	104.3 %	864.03	18.5 %	0.69
2015	1,162.39	14.1 %	2,294.62	9.4 %	(78.69)	(1146.7 %)	788.42	(8.8 %)	0.63
2016	1,407.91	21.1 %	2,587.43	12.8 %	(191.21)	(143.0 %)	807.72	2.4 %	0.65
2017	1,739.00	23.5 %	2,959.58	14.4 %	(378.63)	(98.0 %)	942.05	16.6 %	0.75
2018	2,164.23	24.5 %	3,416.02	15.4 %	(490.45)	(29.5 %)	612.71	(35.0 %)	0.49
2019	2,823.76	30.5 %	3,945.35	15.5 %	(543.09)	(10.7 %)	1,243.74	103.0 %	0.99
2020	3,292.63	16.6 %	4,262.05	8.0 %	(694.51)	(27.9 %)	1,348.52	8.4 %	1.08
2021	3,489.49	6.0 %	4,583.95	7.6 %	(569.67)	18.0 %	1,686.54	25.1 %	1.35
2022	3,886.67	11.4 %	5,191.43	13.3 %	(550.65)	3.3 %	2,081.69	23.4 %	1.67

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
Q1 2014	2.16 %	15.50 %	77.30 %
Q2 2014	2.12 %	15.53 %	77.24 %
Q3 2014	2.13 %	15.67 %	79.16 %
Q4 2014	2.12 %	15.72 %	80.55 %
2014	2.12 %	15.72 %	80.55 %
Q1 2015	2.03 %	15.21 %	77.12 %
Q2 2015	1.92 %	14.99 %	75.48 %
Q3 2015	1.78 %	13.97 %	70.53 %
Q4 2015	1.63 %	12.78 %	63.64 %
2015	1.63 %	12.78 %	63.64 %
Q1 2016	1.57 %	12.52 %	58.43 %
Q2 2016	1.48 %	11.97 %	51.62 %
Q3 2016	1.50 %	12.02 %	48.25 %
Q4 2016	1.54 %	11.92 %	45.62 %
2016	1.54 %	11.92 %	45.62 %
Q1 2017	1.55 %	12.46 %	46.47 %
Q2 2017	1.61 %	13.11 %	47.26 %
Q3 2017	1.59 %	12.93 %	46.38 %
Q4 2017	1.61 %	12.82 %	44.50 %
2017	1.61 %	12.82 %	44.50 %
Q1 2018	1.56 %	12.74 %	42.90 %
Q2 2018	1.54 %	13.15 %	41.61 %
Q3 2018	1.46 %	12.56 %	38.56 %
Q4 2018	0.90 %	7.95 %	22.50 %
2018	0.90 %	7.95 %	22.50 %
Q1 2019	0.94 %	8.15 %	22.51 %
Q2 2019	0.95 %	8.35 %	22.37 %
Q3 2019	1.03 %	9.17 %	23.87 %
Q4 2019	1.56 %	14.41 %	36.28 %
2019	1.56 %	14.41 %	35.93 %
Q1 2020	1.52 %	13.79 %	34.46 %
Q2 2020	1.50 %	13.27 %	34.22 %
Q3 2020	1.50 %	13.38 %	35.54 %
Q4 2020	1.48 %	13.37 %	37.18 %
2020	1.48 %	13.37 %	37.18 %
Q1 2021	1.54 %	14.43 %	40.52 %
Q2 2021	1.60 %	14.73 %	43.19 %
Q3 2021	1.60 %	14.75 %	44.40 %
Q4 2021	1.63 %	14.85 %	44.84 %
2021	1.63 %	14.85 %	44.84 %
Q1 2022	1.63 %	15.40 %	45.86 %
Q2 2022	1.64 %	15.64 %	45.62 %
Q3 2022	1.65 %	15.82 %	44.11 %
Q4 2022	1.73 %	16.40 %	41.87 %
2022	1.73 %	16.40 %	41.87 %
Q1 2023	1.71 %	16.29 %	38.22 %

Period	Return On Average Assets	Return on Average Equity	Net Profit/Investment Income & Other Financing Operations
2013	2.21 %	15.40 %	74.81 %
2014	2.12 %	15.72 %	80.55 %
2015	1.63 %	12.78 %	63.64 %
2016	1.54 %	11.92 %	45.62 %
2017	1.61 %	12.82 %	44.50 %
2018	0.90 %	7.95 %	22.50 %
2019	1.56 %	14.41 %	35.93 %
2020	1.48 %	13.37 %	37.18 %
2021	1.63 %	14.85 %	44.84 %
2022	1.73 %	16.40 %	41.87 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
Q1 2014	39.01	24.5 %	31.39	24.2 %	24.28	29.9 %
Q2 2014	40.98	22.9 %	33.35	24.3 %	26.76	31.7 %
Q3 2014	44.06	31.2 %	36.80	39.8 %	27.52	29.7 %
Q4 2014	45.23	24.5 %	36.72	26.2 %	28.36	21.1 %
Q1 2015	46.31	18.7 %	37.86	20.6 %	29.09	19.8 %
Q2 2015	49.14	19.9 %	38.30	14.8 %	31.68	18.4 %
Q3 2015	49.50	12.3 %	40.72	10.6 %	32.29	17.3 %
Q4 2015	51.22	13.2 %	42.18	14.9 %	34.25	20.8 %
Q1 2016	54.30	17.2 %	43.93	16.0 %	37.33	28.3 %
Q2 2016	54.33	10.5 %	42.12	10.0 %	36.93	16.6 %
Q3 2016	55.65	12.4 %	41.24	1.3 %	36.25	12.3 %
Q4 2016	53.75	4.9 %	40.23	(4.6 %)	36.18	5.6 %
Q1 2017	57.29	5.5 %	43.54	(0.9 %)	38.70	3.7 %
Q2 2017	59.73	9.9 %	44.97	6.8 %	40.66	10.1 %
Q3 2017	62.53	12.4 %	46.40	12.5 %	41.81	15.4 %
Q4 2017	63.21	17.6 %	47.78	18.8 %	43.45	20.1 %
Q1 2018	65.78	14.8 %	50.77	16.6 %	45.62	17.9 %
Q2 2018	68.41	14.5 %	52.18	16.0 %	47.34	16.4 %
Q3 2018	70.71	13.1 %	54.57	17.6 %	49.74	18.9 %
Q4 2018	73.64	16.5 %	57.18	19.7 %	50.59	16.4 %
Q1 2019	72.90	10.8 %	57.59	13.4 %	51.40	12.7 %
Q2 2019	76.97	12.5 %	59.32	13.7 %	53.62	13.3 %
Q3 2019	81.16	14.8 %	64.06	17.4 %	56.40	13.4 %
Q4 2019	86.00	16.8 %	67.11	17.4 %	59.29	17.2 %
Q1 2020	88.40	21.3 %	68.38	18.7 %	62.46	21.5 %
Q2 2020	88.86	15.5 %	64.88	9.4 %	64.92	21.1 %
Q3 2020	92.31	13.7 %	68.88	7.5 %	67.76	20.2 %
Q4 2020	95.75	11.3 %	71.55	6.6 %	70.11	18.3 %
Q1 2021	102.52	16.0 %	76.96	12.6 %	75.53	20.9 %
Q2 2021	107.65	21.2 %	81.64	25.8 %	79.13	21.9 %
Q3 2021	111.61	20.9 %	82.35	19.5 %	81.80	20.7 %
Q4 2021	110.85	15.8 %	81.11	13.4 %	82.93	18.3 %
Q1 2022	116.44	13.6 %	86.08	11.8 %	86.39	14.4 %
Q2 2022	121.51	12.9 %	89.11	9.2 %	91.21	15.3 %
Q3 2022	127.02	13.8 %	93.89	14.0 %	92.29	12.8 %
Q4 2022	129.54	16.9 %	94.84	16.9 %	91.18	9.9 %
Q1 2023	135.37	16.3 %	105.48	22.5 %	95.48	10.5 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
3m 2014	39.01	24.5 %	31.39	24.2 %	24.28	29.9 %
6m 2014	40.98	22.9 %	33.35	24.3 %	26.76	31.7 %
9m 2014	44.06	31.2 %	36.80	39.8 %	27.52	29.7 %
12m 2014	45.23	24.5 %	36.72	26.2 %	28.36	21.1 %
3m 2015	46.31	18.7 %	37.86	20.6 %	29.09	19.8 %
6m 2015	49.14	19.9 %	38.30	14.8 %	31.68	18.4 %
9m 2015	49.50	12.3 %	40.72	10.6 %	32.29	17.3 %
12m 2015	51.22	13.2 %	42.18	14.9 %	34.25	20.8 %
3m 2016	54.30	17.2 %	43.93	16.0 %	37.33	28.3 %
6m 2016	54.33	10.5 %	42.12	10.0 %	36.93	16.6 %
9m 2016	55.65	12.4 %	41.24	1.3 %	36.25	12.3 %
12m 2016	53.75	4.9 %	40.23	(4.6 %)	36.18	5.6 %
3m 2017	57.29	5.5 %	43.54	(0.9 %)	38.70	3.7 %
6m 2017	59.73	9.9 %	44.97	6.8 %	40.66	10.1 %
9m 2017	62.53	12.4 %	46.40	12.5 %	41.81	15.4 %
12m 2017	63.21	17.6 %	47.78	18.8 %	43.45	20.1 %
3m 2018	65.78	14.8 %	50.77	16.6 %	45.62	17.9 %
6m 2018	68.41	14.5 %	52.18	16.0 %	47.34	16.4 %
9m 2018	70.71	13.1 %	54.57	17.6 %	49.74	18.9 %
12m 2018	73.64	16.5 %	57.18	19.7 %	50.59	16.4 %
3m 2019	72.90	10.8 %	57.59	13.4 %	51.40	12.7 %
6m 2019	76.97	12.5 %	59.32	13.7 %	53.62	13.3 %
9m 2019	81.16	14.8 %	64.06	17.4 %	56.40	13.4 %
12m 2019	86.00	16.8 %	67.11	17.4 %	59.29	17.2 %
3m 2020	88.40	21.3 %	68.38	18.7 %	62.46	21.5 %
6m 2020	88.86	15.5 %	64.88	9.4 %	64.92	21.1 %
9m 2020	92.31	13.7 %	68.88	7.5 %	67.76	20.2 %
12m 2020	95.75	11.3 %	71.55	6.6 %	70.11	18.3 %
3m 2021	102.52	16.0 %	76.96	12.6 %	75.53	20.9 %
6m 2021	107.65	21.2 %	81.64	25.8 %	79.13	21.9 %
9m 2021	111.61	20.9 %	82.35	19.5 %	81.80	20.7 %
12m 2021	110.85	15.8 %	81.11	13.4 %	82.93	18.3 %
3m 2022	116.44	13.6 %	86.08	11.8 %	86.39	14.4 %
6m 2022	121.51	12.9 %	89.11	9.2 %	91.21	15.3 %
9m 2022	127.02	13.8 %	93.89	14.0 %	92.29	12.8 %
12m 2022	129.54	16.9 %	94.84	16.9 %	91.18	9.9 %
3m 2023	135.37	16.3 %	105.48	22.5 %	95.48	10.5 %

Period	Assets	Change	Customer Deposits	Change	Financing Investments	Change
2013	36.32	22.0 %	29.11	22.6 %	23.42	28.3 %
2014	45.23	24.5 %	36.72	26.2 %	28.36	21.1 %
2015	51.22	13.2 %	42.18	14.9 %	34.25	20.8 %
2016	53.75	4.9 %	40.23	(4.6 %)	36.18	5.6 %
2017	63.21	17.6 %	47.78	18.8 %	43.45	20.1 %
2018	73.64	16.5 %	57.18	19.7 %	50.59	16.4 %
2019	86.00	16.8 %	67.11	17.4 %	59.29	17.2 %
2020	95.75	11.3 %	71.55	6.6 %	70.11	18.3 %
2021	110.85	15.8 %	81.11	13.4 %	82.93	18.3 %
2022	129.54	16.9 %	94.84	16.9 %	91.18	9.9 %

Ratios

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
Q1 2014	80.47 %	77.34 %	62.23 %
Q2 2014	81.40 %	80.22 %	65.29 %
Q3 2014	83.53 %	74.78 %	62.46 %
Q4 2014	81.19 %	77.21 %	62.69 %
Q1 2015	81.74 %	76.84 %	62.81 %
Q2 2015	77.94 %	82.72 %	64.47 %
Q3 2015	82.26 %	79.30 %	65.24 %
Q4 2015	82.35 %	81.21 %	66.88 %
Q1 2016	80.90 %	84.98 %	68.75 %
Q2 2016	77.53 %	87.68 %	67.98 %
Q3 2016	74.12 %	87.88 %	65.14 %
Q4 2016	74.86 %	89.92 %	67.31 %
Q1 2017	76.00 %	88.89 %	67.55 %
Q2 2017	75.29 %	90.42 %	68.08 %
Q3 2017	74.20 %	90.12 %	66.87 %
Q4 2017	75.60 %	90.93 %	68.74 %
Q1 2018	77.19 %	89.84 %	69.35 %
Q2 2018	76.28 %	90.73 %	69.20 %
Q3 2018	77.18 %	91.14 %	70.34 %
Q4 2018	77.65 %	88.48 %	68.70 %
Q1 2019	79.00 %	89.26 %	70.51 %
Q2 2019	77.07 %	90.40 %	69.67 %
Q3 2019	78.92 %	88.04 %	69.49 %
Q4 2019	78.03 %	88.35 %	68.94 %
Q1 2020	77.35 %	91.35 %	70.66 %
Q2 2020	73.01 %	100.07 %	73.06 %
Q3 2020	74.62 %	98.37 %	73.41 %
Q4 2020	74.73 %	97.99 %	73.22 %
Q1 2021	75.07 %	98.14 %	73.68 %
Q2 2021	75.84 %	96.93 %	73.51 %
Q3 2021	73.78 %	99.34 %	73.29 %
Q4 2021	73.17 %	102.25 %	74.81 %
Q1 2022	73.92 %	100.36 %	74.19 %
Q2 2022	73.33 %	102.35 %	75.06 %
Q3 2022	73.91 %	98.30 %	72.66 %
Q4 2022	73.21 %	96.14 %	70.39 %
Q1 2023	77.92 %	90.52 %	70.54 %

Period	Customer Deposits Per Total Assets	Financing Investments/Customer Deposits	Financing Investments/Total Assets
2013	80.14 %	80.44 %	64.46 %
2014	81.19 %	77.21 %	62.69 %
2015	82.35 %	81.21 %	66.88 %
2016	74.86 %	89.92 %	67.31 %
2017	75.60 %	90.93 %	68.74 %
2018	77.65 %	88.48 %	68.70 %
2019	78.03 %	88.35 %	68.94 %
2020	74.73 %	97.99 %	73.22 %
2021	73.17 %	102.25 %	74.81 %
2022	73.21 %	96.14 %	70.39 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2014	1,250.00	0.61	0.61	-	4.23
Q2 2014	1,250.00	0.63	0.63	-	4.38
Q3 2014	1,250.00	0.66	0.66	-	4.55
Q4 2014	1,250.00	0.69	0.69	-	4.71
Q1 2015	1,250.00	0.69	0.69	-	4.86
Q2 2015	1,250.00	0.69	0.69	-	4.87
Q3 2015	1,250.00	0.67	0.67	-	4.98
Q4 2015	1,250.00	0.63	0.63	-	5.15
Q1 2016	1,250.00	0.63	0.63	-	5.22
Q2 2016	1,250.00	0.61	0.61	-	5.37
Q3 2016	1,250.00	0.63	0.63	-	5.54
Q4 2016	1,250.00	0.65	0.65	-	5.69
Q1 2017	1,250.00	0.69	0.69	-	5.86
Q2 2017	1,250.00	0.73	0.73	-	5.83
Q3 2017	1,250.00	0.75	0.75	-	6.06
Q4 2017	1,250.00	0.75	0.75	-	6.07
Q1 2018	1,250.00	0.77	0.77	-	6.18
Q2 2018	1,250.00	0.79	0.79	-	6.17
Q3 2018	1,250.00	0.78	0.78	-	6.35
Q4 2018	1,250.00	0.49	0.80	-	6.27
Q1 2019	1,250.00	0.52	0.84	-	6.62
Q2 2019	1,250.00	0.55	0.87	-	7.06
Q3 2019	1,250.00	0.62	0.94	-	7.26
Q4 2019	1,250.00	0.99	0.99	-	7.54
Q1 2020	1,250.00	0.98	0.98	-	7.64
Q2 2020	1,250.00	0.99	0.99	-	7.91
Q3 2020	1,250.00	1.04	1.04	-	8.26
Q4 2020	1,250.00	1.08	1.08	-	8.59
Q1 2021	1,250.00	1.18	1.18	-	8.67
Q2 2021	1,250.00	1.26	1.26	-	9.13
Q3 2021	1,250.00	1.31	1.31	-	9.49
Q4 2021	1,250.00	1.35	1.35	-	9.58
Q1 2022	1,250.00	1.43	1.43	-	9.86
Q2 2022	1,250.00	1.50	1.50	-	10.09
Q3 2022	1,250.00	1.58	1.58	-	10.43
Q4 2022	1,250.00	1.67	1.67	1.66	10.72
Q1 2023	1,250.00	1.72	1.72	1.72	11.27

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2013	1,250.00	0.58	0.58	-	4.08
2014	1,250.00	0.69	0.69	-	4.71
2015	1,250.00	0.63	0.63	-	5.15
2016	1,250.00	0.65	0.65	-	5.69
2017	1,250.00	0.75	0.75	-	6.07
2018	1,250.00	0.49	0.80	-	6.27
2019	1,250.00	0.99	0.99	-	7.54
2020	1,250.00	1.08	1.08	-	8.59
2021	1,250.00	1.35	1.35	-	9.58
2022	1,250.00	1.67	1.67	1.67	10.72

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2014	22.42	22.42	3.23
Q2 2014	22.67	22.67	3.27
Q3 2014	26.68	26.68	3.89
Q4 2014	20.66	20.66	3.03
Q1 2015	21.26	21.26	3.02
Q2 2015	22.08	22.08	3.14
Q3 2015	14.73	14.73	1.97
Q4 2015	15.62	15.62	1.91
Q1 2016	14.70	14.70	1.78
Q2 2016	14.21	14.21	1.62
Q3 2016	11.49	11.49	1.31
Q4 2016	15.31	15.31	1.74
Q1 2017	12.78	12.78	1.50
Q2 2017	12.45	12.45	1.57
Q3 2017	12.35	12.35	1.53
Q4 2017	13.05	13.05	1.62
Q1 2018	14.27	14.27	1.77
Q2 2018	14.27	14.27	1.82
Q3 2018	15.25	15.25	1.87
Q4 2018	26.71	16.28	2.09
Q1 2019	27.52	17.17	2.17
Q2 2019	29.68	18.92	2.32
Q3 2019	25.50	16.96	2.19
Q4 2019	16.24	16.24	2.14
Q1 2020	12.49	12.49	1.61
Q2 2020	13.37	13.37	1.68
Q3 2020	13.96	13.96	1.75
Q4 2020	15.78	15.78	1.98
Q1 2021	17.96	17.96	2.44
Q2 2021	17.56	17.56	2.41
Q3 2021	18.76	18.76	2.59
Q4 2021	20.63	20.63	2.90
Q1 2022	26.09	26.09	3.78
Q2 2022	23.28	23.28	3.47
Q3 2022	24.11	24.11	3.64
Q4 2022	21.42	21.42	3.32
Q1 2023	18.50	18.50	2.83

Period	P/E	Adjusted P/E	Price/book
2013	19.21	19.21	2.75
2014	20.66	20.66	3.03
2015	15.62	15.62	1.91
2016	15.31	15.31	1.74
2017	13.05	13.05	1.62
2018	26.71	16.28	2.09
2019	16.24	16.24	2.14
2020	15.78	15.78	1.98
2021	20.63	20.63	2.90
2022	21.29	21.29	3.32

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others..	Remittances ( Enjaz Centers)
Q1 2014	274.17	129.83	34.19	17.18	22.14	-
Q2 2014	283.90	162.80	33.34	21.15	32.81	-
Q3 2014	286.30	168.17	33.43	23.51	39.13	-
Q4 2014	291.45	175.40	37.14	17.37	13.65	-
Q1 2015	297.14	174.28	40.34	20.20	23.22	-
Q2 2015	320.04	179.49	40.35	19.74	25.31	-
Q3 2015	309.89	184.09	43.80	14.69	13.92	-
Q4 2015	320.79	195.70	37.65	19.96	14.03	-
Q1 2016	325.02	199.98	57.52	19.95	24.53	-
Q2 2016	325.63	196.32	65.10	17.66	36.80	-
Q3 2016	322.86	194.82	62.14	20.17	38.57	-
Q4 2016	320.78	204.70	67.19	35.17	52.54	-
Q1 2017	373.21	208.07	46.09	23.84	39.56	-
Q2 2017	389.03	231.87	50.14	23.39	27.15	-
Q3 2017	403.93	239.47	58.53	31.11	29.99	-
Q4 2017	407.18	254.39	92.68	27.28	2.67	-
Q1 2018	444.39	220.57	98.48	27.54	-	-
Q2 2018	501.84	237.48	76.77	26.59	-	-
Q3 2018	450.55	236.16	130.40	63.14	-	-
Q4 2018	499.72	268.64	84.16	49.59	-	-
Q1 2019	549.39	245.51	84.22	42.29	-	-
Q2 2019	553.05	258.59	117.55	30.07	-	-
Q3 2019	606.26	251.55	117.39	48.45	-	-
Q4 2019	573.12	301.39	107.44	59.10	-	-
Q1 2020	628.34	253.41	71.72	50.69	-	-
Q2 2020	623.10	239.28	108.84	28.28	-	-
Q3 2020	704.29	237.06	129.94	47.20	-	-
Q4 2020	659.21	274.76	150.74	55.19	-	-
Q1 2021	742.32	213.15	123.35	54.16	-	-
Q2 2021	736.02	185.65	143.29	66.07	-	-
Q3 2021	796.65	202.47	125.84	48.15	-	-
Q4 2021	647.23	180.52	248.71	70.36	-	-
Q1 2022	750.34	257.89	189.77	66.51	-	-
Q2 2022	719.71	303.30	180.44	49.31	-	-
Q3 2022	760.58	354.95	162.93	47.03	-	-
Q4 2022	537.37	498.14	208.69	104.47	-	-
Q1 2023	610.53	407.31	250.45	67.32	-	-

Period	Retail	Corporate and Institutional Banking	Global markets and Treasury	Investment Banking and Brokerage	Others..	Remittances ( Enjaz Centers)
2013	1,060.09	577.05	118.89	66.67	94.54	-
2014	1,135.83	636.19	138.09	79.21	107.73	-
2015	1,247.86	733.56	162.13	74.60	76.48	-
2016	1,294.29	795.81	251.96	92.95	152.43	-
2017	1,573.35	933.80	247.44	105.61	99.38	-
2018	1,896.50	962.86	389.80	166.86	-	-
2019	2,281.82	1,057.03	426.59	179.91	-	-
2020	2,614.93	1,004.52	461.24	181.36	-	-
2021	2,922.22	781.80	641.19	238.74	-	-
2022	2,768.00	1,414.28	741.83	267.33	-	-

Analysts Estimates (Million)

Item	Q1 2023 (e)	Q1 2023 (a)	Change‬
Average	546.61	559.90	2.43 %

Estimates vs Actual (Million)

Item	Q1 2023 (e)	Q1 2023 (a)	Change
FAB Securities	552.00	559.90	1.4 %
Riyad Capital	545.00	559.90	2.7 %
OSOOL AND BAKHEET	578.07	559.90	(3.1) %
SNB Capital	532.00	559.90	5.2 %
AlJazira Capital	526.00	559.90	6.4 %

Financial Ratios

	Current
Market Cap (M)	44,562.50
Shares Outstanding ((M))	1,250.00
EPS ( Riyal) (TTM)	1.96
EPS Diluted ( Riyal) (TTM)	1.97
Book Value (BV) ( Riyal)	12.56
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	18.17
P/E (TTM)	18.17
Price/book	2.84
Return on Average Assets (%) (TTM)	1.8
Return on Average Equity (%) (TTM)	16.5

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Bank Albilad profit up 14% to SAR 559.9 mln in Q1 2023

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Bank Albilad profit up 14% to SAR 559.9 mln in Q1 2023

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Share Price

Bank Albilad (ALBILAD)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profitability

Profitability

Balance Sheet (B)

Balance Sheet Performance (B)

Ratios

Ratios

Per Share Data (Riyal)

Per Share Data (Riyal)

Multiple Ratios (End of Period Price)

Ratios And Multiples

Business Segments (Million) Q1 2023

Revenue by Business Segment (Latest) 2023 Q1

Analysts Estimates (Million)

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Financial Ratios

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