-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Saudi banks’ Q1 2023 actual earnings 1% higher than consensus estimates
Saudi banks’ actual net earnings of SAR 17.23 billion in the first quarter of 2023 were 1% higher than average analyst forecasts of around SAR 17.08 billion, according to data compiled by Argaam.
Company Estimates Comparisons
| Company | 2023 - Q1 (a) | 2023 - Q1 (e) | Change |
| SNB | 5,021.54 | 4,839.04 | 3.8 % |
| ALINMA | 969.89 | 1,049.74 | (7.6 %) |
| ALRAJHI | 4,145.17 | 4,349.66 | (4.7 %) |
| SAB | 1,764.57 | 1,547.33 | 14.0 % |
| RIBL | 2,019.59 | 2,099.77 | (3.8 %) |
| ALBILAD | 559.90 | 546.61 | 2.4 % |
| BSF | 1,076.40 | 1,090.99 | (1.3 %) |
| ANB | 1,067.58 | 882.61 | 21.0 % |
| BJAZ | 204.04 | 295.54 | (31.0 %) |
| SAIB | 408.91 | 382.34 | 6.9 % |
| Total | 17237.59 | 17083.61 | 0.9 % |
The first-quarter net profit of five banks was higher than average expectations. Arab National Bank (ANB) topped the list with the largest earnings beat of 21%. It was followed by Saudi British Bank (SABB) (14%), Saudi Investment Bank (SAIB) (7%), Saudi National Bank (4%) and Bank Albilad (2%).
Meanwhile, AlJazira Bank, Alinma Bank, Al Rajhi Bank, Riyad Bank and Banque Saudi Fransi (BSF) missed forecasts by 31%, 8%, 5%,4% and 1%, respectively.
Osool and Bakheet Investment Co.'s estimates were the closest, among nine research firms, to the actual results of three banks. SICO Bank was the closest to the actual results of Al Rajhi Bank.
Actual Profit versus Estimates
| Company | 2023 - Q1 (a) | 2023 - Q1 (e) | Most Accurate Research Company |
| SNB | 5,021.54 | 5,012.00 | Hermes |
| ALINMA | 969.89 | 971.00 | Sico |
| ALRAJHI | 4,145.17 | 4,209.00 | Sico |
| SAB | 1,764.57 | 1,714.00 | JP Morgan |
| RIBL | 2,019.59 | 2,035.00 | SNB Capital |
| ALBILAD | 559.90 | 552.00 | FAB Securities |
| BSF | 1,076.40 | 1,114.00 | FAB Securities |
| ANB | 1,067.58 | 980.43 | OSOOL AND BAKHEET |
| BJAZ | 204.04 | 283.08 | OSOOL AND BAKHEET |
| SAIB | 408.91 | 385.67 | OSOOL AND BAKHEET |
Most Read
- Umm Al Qura IPO price range on TASI set at SAR 14-15/share
- HPDC Invests in Aldella Food Production to Strengthen Saudi Arabia’s Halal Products Sector
- Care signs SAR 91.8M structural framework contract for new hospital
- Riyadh Development acquires 2 properties from Remat Al-Riyadh
- PIF seeks to raise local content in logistics to 60% by 2025-end: Official
MarketIndices
| TASI | 12,372.07 | (12.93) | (0.10 %) |
Company Indices
| ALRAJHI | 99.90 | 0.50 | 0.50% |
| ALBILAD | 38.45 | (0.05) | (0.13%) |
| ANB | 21.42 | 0.04 | 0.19% |
| BJAZ | 18.14 | 0.00 | 0.00% |
| RIBL | 29.45 | 0.15 | 0.51% |
| SAB | 35.80 | 0.30 | 0.84% |
| SAMBA | 39.05 | 1.70 | 4.62% |
| BSF | 16.88 | 0.02 | 0.12% |
| Alawwal | 19.58 | 0.28 | 1.45% |
| SAIB | 15.24 | (0.04) | (0.26%) |
| ALINMA | 30.90 | 0.00 | 0.00% |
| SNB | 33.65 | (0.05) | (0.15%) |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}