| Item | Q1 2023 | Q1 2024 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,037.44 | 1,044.73 | 0.7 % |
| Operating Income | 1,335.61 | 1,341.35 | 0.4 % |
| Debt Provisions | (128.85) | (51.55) | 60.0 % |
| Net Income | 559.90 | 643.05 | 14.9 % |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | 0.45 | 0.51 | 14.9 % |
| EPS Diluted (Riyal) | 0.45 | 0.52 | 14.9 % |
| Item | Q4 2023 | Q1 2024 | Change |
|---|---|---|---|
| Net Income from investments and financial activities | 1,004.32 | 1,044.73 | 4.0 % |
| Operating Income | 1,337.30 | 1,341.35 | 0.3 % |
| Debt Provisions | (47.01) | (51.55) | (9.6 %) |
| Net Income | 606.97 | 643.05 | 5.9 % |
| Average Shares | 1,250.00 | 1,250.00 | - |
| EPS (Riyals) | 0.49 | 0.51 | 5.9 % |
| EPS Diluted (Riyal) | 0.49 | 0.52 | 6.1 % |
Net income from investment and financing assets increased by 1%, on a 21% increase in the income from investment and financing assets, offset by a 54% rise in return on deposits and financial liabilities.
Bank Albilad also cited higher gross operating income, on increased dividend income, 2% lower total operating expenses before net impairment charge on lower general & administrative expenses and depreciation & amortization. However, salaries and employee related benefits increased.
| Item | 3m 2023 | 3m 2024 | Change |
|---|---|---|---|
| Assets | 135.37 | 143.70 | 6.2 % |
| Customer Deposits | 105.48 | 113.74 | 7.8 % |
| Financing Investments | 95.48 | 103.31 | 8.2 % |
On a sequential basis, the net earnings grew 6% from SAR 606.9 million.
Total shareholders’ equity, no minority interest, stood at SAR 15.7 billion by March 31, 2024, compared to SAR 14.08 billion in the year earlier period.
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