06/11/2019 Argaam Exclusive
AI Summary
The aggregate net profit of Tadawul-listed banks came in at SAR 12.2 billion in Q3 2019, exceeding average analysts’ estimates of SAR 11.22 billion by 9 percent, according to data compiled by Argaam.
Two banks reported lower-than-expected earnings; namely Arab National Bank (ANB) and The National Commercial Bank (NCB), falling short of analysts’ forecasts by 5 percent and 2 percent respectively.
Meanwhile, earnings of Saudi British Bank (SABB), Samba Financial Group (SAMBA), Al Rajhi Bank and Banque Saudi Fransi (BSF) exceeded forecasts by 43 percent, 33 percent, 9 percent, and 9 percent, consecutively.
| Company | 2019 - Q3 (net income) | 2019 - Q3 (e) | Change |
| ALRAJHI | 2,738.82 | 2,704.33 | 1.3 % |
| ALBILAD | 326.63 | 324.78 | 0.6 % |
| ALINMA | 712.78 | 691.80 | 3.0 % |
| SAMBA | 1,225.24 | 1,031.33 | 18.8 % |
| BSF | 880.00 | 843.67 | 4.3 % |
| ANB | 834.76 | 866.40 | (3.7 %) |
| BJAZ | 256.87 | 262.95 | (2.3 %) |
| SAB | 1,177.99 | 743.75 | 58.4 % |
| RIBL | 1,506.35 | 1,420.00 | 6.1 % |
| SNB | 2,550.70 | 2,550.70 | 0.0 % |
| Total | 12210.14 | 11439.70 | 6.7 % |
| Company | 2019 - Q3 (net income) | 2019 - Q3 (e) | Most Accurate Research Company |
| ALRAJHI | 2,738.82 | 2,675.00 | Riyad Capital |
| ALBILAD | 326.63 | 326.60 | OSOOL AND BAKHEET |
| ALINMA | 712.78 | 712.00 | OSOOL AND BAKHEET |
| SAMBA | 1,225.24 | 1,226.00 | OSOOL AND BAKHEET |
| BSF | 880.00 | 880.00 | OSOOL AND BAKHEET |
| ANB | 834.76 | 834.80 | OSOOL AND BAKHEET |
| BJAZ | 256.87 | 256.90 | OSOOL AND BAKHEET |
| SAB | 1,177.99 | 1,009.50 | OSOOL AND BAKHEET |
| RIBL | 1,506.35 | 1,420.00 | OSOOL AND BAKHEET |
| SNB | 2,550.70 | 2,550.70 | OSOOL AND BAKHEET |
| TASI | 11,696.58 | 14.35 | 0.12 % |
| ALRAJHI | 108.00 | 0.70 | 0.65% |
| ALBILAD | 29.14 | 0.10 | 0.34% |
| ANB | 25.38 | (0.16) | (0.63%) |
| BJAZ | 12.98 | 0.01 | 0.08% |
| RIBL | 27.56 | 0.16 | 0.58% |
| SAB | 32.42 | 0.04 | 0.12% |
| SAMBA | 39.05 | 1.70 | 4.62% |
| BSF | 18.59 | (0.20) | (1.06%) |
| Alawwal | 19.58 | 0.28 | 1.45% |
| SAIB | 14.01 | (0.04) | (0.28%) |
| ALINMA | 26.50 | 0.08 | 0.30% |
| SNB | 38.74 | (0.32) | (0.82%) |
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