SNB 2022 profit jumps 47% to SAR 18.6 bln; Q4 at SAR 4.8 bln

01/02/2023 Argaam Exclusive

View other reports

Saudi National Bank (SNB) reported a 47% leap in net profit to SAR 18.6 billion in 2022, compared to SAR 12.7 billion a year earlier.

Financials (M)

Item	2021	2022	Change‬
Net Special Commission Income	22,207.59	26,287.20	18.4 %
Operating Income	28,235.72	33,004.55	16.9 %
Total Provisions	(4022.73)	(1685.48)	58.1 %
Net Income	12,668.18	18,580.69	46.7 %
Average Shares	5,504.91	6,000.00	9.0 %
EPS (Riyals)	2.30	3.10	34.6 %
EPS Diluted (Riyals)	3.02	3.02	0.0 %

The strong performance was spurred by higher operating income and a decline in provisions for expected credit losses.

Total operating income increased 16.9% year-on-year (YoY), as net special commission income jumped 18.4% YoY, fee income from banking services rose 21.1% YoY, while other operating expenses dropped 12.4%.

Total operating expenses including impairments were lower by 15.2% mainly due to a decrease of 13.5% YoY in other general and administrative expenses. Net impairment charge for expected credit losses also declined 57.4% on an annual basis.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2021	Q4 2022	Change‬
Net Special Commission Income	5,935.26	6,777.04	14.2 %
Operating Income	7,054.16	8,118.66	15.1 %
Debt Provisions	(527.75)	(166.50)	68.5 %
Net Income	2,963.56	4,765.43	60.8 %
Average Shares	5,504.91	6,000.00	9.0 %
EPS (Riyals)	0.54	0.79	47.5 %
EPS Diluted (Riyal)	0.78	0.78	0.0 %

Item	Q3 2022	Q4 2022	Change‬
Net Special Commission Income	6,577.80	6,777.04	3.0 %
Operating Income	8,447.82	8,118.66	(3.9 %)
Debt Provisions	(540.55)	(166.50)	69.2 %
Net Income	4,724.56	4,765.43	0.9 %
Average Shares	6,000.00	6,000.00	-
EPS (Riyals)	0.79	0.79	0.9 %
EPS Diluted (Riyal)	0.76	0.78	2.0 %

The fourth-quarter net profit surged 61% to SAR 4.8 billion, from SAR 2.96 billion in Q4 2021.

Compared to Q3 2022, net profit edged up 0.9% from SAR 4.72 billion.

Shareholders’ equity, after minority interest and Sukuk, rose to SAR 150.48 billion as of Dec. 31, 2022, from SAR 150.01 billion in 2021.

Net impairment charge for expected credit losses reached to SAR 1.69 billion in 2022, down 57.4% from SAR 3.96 billion in 2021.

Balance Sheet (B)

Item	2021	2022	Change‬
Assets	914.15	945.50	3.4 %
Customer Deposits	588.57	568.28	(3.4 %)
Loan	497.57	545.31	9.6 %

View more financial results

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
Q1 2013	2,533.05	10.0 %	4,065.77	9.8 %	(259.83)	34.3 %
Q2 2013	2,546.09	17.0 %	3,699.88	9.4 %	(156.08)	55.5 %
Q3 2013	2,373.59	1.8 %	3,423.34	4.6 %	(199.61)	53.0 %
Q4 2013	2,643.48	23.1 %	3,668.53	16.4 %	(179.83)	32.0 %
2013	10,096.20	12.7 %	14,857.52	10.0 %	(795.35)	44.6 %
Q1 2014	2,708.28	6.9 %	3,864.29	(5.0 %)	(205.65)	20.9 %
Q2 2014	2,842.93	11.7 %	4,214.98	13.9 %	91.77	158.8 %
Q3 2014	2,790.58	17.6 %	4,114.35	20.2 %	(400.86)	(100.8 %)
Q4 2014	3,062.34	15.8 %	4,053.41	10.5 %	(480.72)	(167.3 %)
2014	11,404.13	13.0 %	16,247.03	9.4 %	(995.46)	(25.2 %)
Q1 2015	3,033.56	12.0 %	4,447.54	15.1 %	(218.33)	(6.2 %)
Q2 2015	3,122.72	9.8 %	4,282.93	1.6 %	(278.85)	(403.9 %)
Q3 2015	3,255.60	16.7 %	4,312.86	4.8 %	(713.13)	(77.9 %)
Q4 2015	3,169.96	3.5 %	4,442.37	9.6 %	(390.05)	18.9 %
2015	12,581.83	10.3 %	17,485.69	7.6 %	(1,600.35)	(60.8 %)
Q1 2016	3,435.82	13.3 %	4,723.97	6.2 %	(346.63)	(58.8 %)
Q2 2016	3,348.18	7.2 %	4,660.25	8.8 %	(381.30)	(36.7 %)
Q3 2016	3,441.72	5.7 %	4,662.80	8.1 %	(839.11)	(17.7 %)
Q4 2016	3,323.86	4.9 %	4,600.36	3.6 %	(363.93)	6.7 %
2016	13,549.58	7.7 %	18,647.38	6.6 %	(1,930.97)	(20.7 %)
Q1 2017	3,359.46	(2.2 %)	4,859.82	2.9 %	(421.98)	(21.7 %)
Q2 2017	3,472.91	3.7 %	4,478.34	(3.9 %)	(477.71)	(25.3 %)
Q3 2017	3,453.44	0.3 %	4,491.53	(3.7 %)	(707.21)	15.7 %
Q4 2017	3,375.17	1.5 %	4,515.54	(1.8 %)	(285.96)	21.4 %
2017	13,660.98	0.8 %	18,345.23	(1.6 %)	(1,892.86)	2.0 %
Q1 2018	3,418.57	1.8 %	4,779.24	(1.7 %)	2.34	100.6 %
Q2 2018	3,573.43	2.9 %	4,660.55	4.1 %	(335.31)	29.8 %
Q3 2018	3,637.42	5.3 %	4,731.60	5.3 %	(610.35)	13.7 %
Q4 2018	4,493.72	33.1 %	4,755.83	5.3 %	(403.75)	(41.2 %)
2018	15,123.14	10.7 %	18,927.22	3.2 %	(1,347.07)	28.8 %
Q1 2019	3,754.08	9.8 %	4,950.81	3.6 %	(145.33)	(6323.9 %)
Q2 2019	3,907.43	9.3 %	5,050.41	8.4 %	(324.74)	3.2 %
Q3 2019	3,872.62	6.5 %	4,996.53	5.6 %	(662.64)	(8.6 %)
Q4 2019	4,848.32	7.9 %	5,576.93	17.3 %	(287.23)	28.9 %
2019	16,382.45	8.3 %	20,574.68	8.7 %	(1,447.16)	(7.4 %)
Q1 2020	4,157.22	10.7 %	5,305.26	7.2 %	(396.09)	(172.6 %)
Q2 2020	3,957.52	1.3 %	4,765.75	(5.6 %)	(827.95)	(155.0 %)
Q3 2020	4,197.76	8.4 %	5,637.61	12.8 %	(378.85)	42.8 %
Q4 2020	4,372.15	(9.8 %)	5,749.32	3.1 %	(348.00)	(21.2 %)
2020	16,684.66	1.8 %	21,457.93	4.3 %	(1,949.69)	(34.7 %)
Q1 2021	4,178.08	0.5 %	5,719.31	7.8 %	(286.37)	27.7 %
Q2 2021	5,888.35	48.8 %	7,587.82	59.2 %	(2,414.67)	(191.6 %)
Q3 2021	6,205.90	47.8 %	7,874.43	39.7 %	(732.08)	(93.2 %)
Q4 2021	5,935.26	35.8 %	7,054.16	22.7 %	(527.75)	(51.7 %)
2021	22,207.59	33.1 %	28,235.72	31.6 %	(4,022.73)	(106.3 %)
Q1 2022	6,108.44	46.2 %	8,092.89	41.5 %	(386.25)	(34.9 %)
Q2 2022	6,823.91	15.9 %	8,345.18	10.0 %	(592.20)	75.5 %
Q3 2022	6,577.80	6.0 %	8,447.82	7.3 %	(540.55)	26.2 %
Q4 2022	6,777.04	14.2 %	8,118.66	15.1 %	(166.50)	68.5 %
2022	26,287.20	18.4 %	33,004.55	16.9 %	(1,685.48)	58.1 %

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
2013	10,096.20	12.7 %	14,857.52	10.0 %	(795.35)	44.6 %
2014	11,404.13	13.0 %	16,247.03	9.4 %	(995.46)	(25.2 %)
2015	12,581.83	10.3 %	17,485.69	7.6 %	(1,600.35)	(60.8 %)
2016	13,549.58	7.7 %	18,647.38	6.6 %	(1,930.97)	(20.7 %)
2017	13,660.98	0.8 %	18,345.23	(1.6 %)	(1,892.86)	2.0 %
2018	15,123.14	10.7 %	18,927.22	3.2 %	(1,347.07)	28.8 %
2019	16,382.45	8.3 %	20,574.68	8.7 %	(1,447.16)	(7.4 %)
2020	16,684.66	1.8 %	21,457.93	4.3 %	(1,949.69)	(34.7 %)
2021	22,207.59	33.1 %	28,235.72	31.6 %	(4,022.73)	(106.3 %)
2022	26,287.20	18.4 %	33,004.55	16.9 %	(1,685.48)	58.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
Q1 2013	2,331.96	19.4 %	0.58	-	2,331.96	0.58
Q2 2013	1,992.11	23.9 %	0.50	-	1,992.11	0.50
Q3 2013	1,733.21	17.1 %	0.43	-	1,733.21	0.43
Q4 2013	1,794.93	27.3 %	0.45	-	1,794.93	0.45
2013	7,852.20	21.7 %	1.95	-	7,852.20	1.95
Q1 2014	2,535.31	8.7 %	0.63	-	2,535.31	0.63
Q2 2014	2,425.41	21.8 %	0.60	-	2,425.41	0.60
Q3 2014	1,869.11	7.8 %	0.46	-	1,869.11	0.46
Q4 2014	1,825.33	1.7 %	0.45	-	1,825.33	0.45
2014	8,655.15	10.2 %	2.15	-	8,655.15	2.15
Q1 2015	2,605.57	2.8 %	0.65	-	2,605.57	0.65
Q2 2015	2,362.92	(2.6 %)	0.59	-	2,362.92	0.59
Q3 2015	1,994.14	6.7 %	0.50	-	1,994.14	0.50
Q4 2015	2,126.56	16.5 %	0.53	-	2,126.56	0.53
2015	9,089.18	5.0 %	2.26	-	9,089.18	2.26
Q1 2016	2,630.81	1.0 %	0.65	-	2,630.81	0.65
Q2 2016	2,437.54	3.2 %	0.61	-	2,437.54	0.61
Q3 2016	1,961.78	(1.6 %)	0.49	-	1,961.78	0.49
Q4 2016	2,286.72	7.5 %	0.57	-	2,286.72	0.57
2016	9,316.86	2.5 %	2.32	-	9,316.86	2.32
Q1 2017	2,702.56	2.7 %	0.67	-	2,702.56	0.67
Q2 2017	2,417.42	(0.8 %)	0.60	-	2,417.42	0.60
Q3 2017	2,125.61	8.4 %	0.53	-	2,125.61	0.53
Q4 2017	2,556.39	11.8 %	0.64	-	2,556.39	0.64
2017	9,801.98	5.2 %	2.44	-	9,801.98	2.44
Q1 2018	2,592.19	(4.1 %)	0.64	-	2,592.19	0.64
Q2 2018	2,166.35	(10.4 %)	0.54	-	2,166.35	0.54
Q3 2018	2,120.36	(0.2 %)	0.53	-	2,120.36	0.53
Q4 2018	2,705.58	5.8 %	0.67	-	2,705.58	0.67
2018	9,593.95	(2.1 %)	2.39	-	9,593.95	2.39
Q1 2019	2,775.54	7.1 %	0.69	-	2,775.54	0.69
Q2 2019	2,685.59	24.0 %	0.67	-	2,685.59	0.67
Q3 2019	2,550.70	20.3 %	0.63	-	2,550.70	0.63
Q4 2019	3,389.61	25.3 %	0.84	-	3,389.61	0.84
2019	11,401.44	18.8 %	2.84	-	11,401.44	2.84
Q1 2020	2,834.20	2.1 %	0.71	-	2,834.20	0.71
Q2 2020	2,087.73	(22.3 %)	0.52	-	2,087.73	0.52
Q3 2020	3,158.40	23.8 %	0.79	-	3,158.40	0.79
Q4 2020	3,359.77	(0.9 %)	0.84	-	3,359.77	0.84
2020	11,440.10	0.3 %	2.85	-	11,440.10	2.85
Q1 2021	3,408.47	20.3 %	0.62	-	3,408.47	0.62
Q2 2021	2,315.88	10.9 %	0.42	(42.00)	2,357.88	0.43
Q3 2021	3,980.27	26.0 %	0.72	(31.00)	4,011.27	0.73
Q4 2021	2,963.56	(11.8 %)	0.54	(90.00)	3,053.56	0.55
2021	12,668.18	10.7 %	2.30	(163.00)	12,831.18	2.33
Q1 2022	4,501.58	32.1 %	0.75	-	4,501.58	0.75
Q2 2022	4,589.12	98.2 %	0.76	-	4,589.12	0.76
Q3 2022	4,724.56	18.7 %	0.79	-	4,724.56	0.79
Q4 2022	4,765.43	60.8 %	0.79	-	4,765.43	0.79
2022	18,580.69	46.7 %	3.10	-	18,580.69	3.10

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
2013	7,852.20	21.7 %	1.95	-	7,852.20	1.95
2014	8,655.15	10.2 %	2.15	-	8,655.15	2.15
2015	9,089.18	5.0 %	2.26	-	9,089.18	2.26
2016	9,316.86	2.5 %	2.32	-	9,316.86	2.32
2017	9,801.98	5.2 %	2.44	-	9,801.98	2.44
2018	9,593.95	(2.1 %)	2.39	-	9,593.95	2.39
2019	11,401.44	18.8 %	2.84	-	11,401.44	2.84
2020	11,440.10	0.3 %	2.85	-	11,440.10	2.85
2021	12,668.18	10.7 %	2.30	(163.00)	12,831.18	2.33
2022	18,580.69	46.7 %	3.10	-	18,580.69	3.10

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
Q1 2013	2.03 %	18.53 %	66.25 %
Q2 2013	2.11 %	19.21 %	67.36 %
Q3 2013	2.17 %	19.39 %	66.94 %
Q4 2013	2.17 %	19.97 %	67.95 %
2013	2.17 %	19.97 %	67.95 %
Q1 2014	2.07 %	19.96 %	70.08 %
Q2 2014	2.13 %	20.09 %	69.66 %
Q3 2014	2.14 %	20.33 %	69.25 %
Q4 2014	2.13 %	20.09 %	70.19 %
2014	2.13 %	20.09 %	70.19 %
Q1 2015	2.01 %	19.45 %	69.69 %
Q2 2015	1.93 %	18.71 %	71.07 %
Q3 2015	1.92 %	19.01 %	72.96 %
Q4 2015	2.06 %	19.41 %	71.96 %
2015	2.06 %	19.41 %	71.96 %
Q1 2016	2.02 %	18.46 %	73.10 %
Q2 2016	2.01 %	18.39 %	72.82 %
Q3 2016	2.00 %	18.35 %	72.45 %
Q4 2016	2.09 %	18.36 %	72.66 %
2016	2.09 %	18.36 %	72.66 %
Q1 2017	2.08 %	17.67 %	71.73 %
Q2 2017	2.07 %	17.88 %	73.10 %
Q3 2017	2.15 %	17.92 %	73.84 %
Q4 2017	2.21 %	17.97 %	74.47 %
2017	2.21 %	17.97 %	74.47 %
Q1 2018	2.18 %	17.36 %	75.12 %
Q2 2018	2.08 %	17.18 %	74.92 %
Q3 2018	2.08 %	17.16 %	74.94 %
Q4 2018	2.14 %	16.85 %	79.90 %
2018	2.14 %	16.86 %	79.90 %
Q1 2019	2.16 %	16.78 %	80.94 %
Q2 2019	2.21 %	17.70 %	81.04 %
Q3 2019	2.24 %	18.75 %	81.14 %
Q4 2019	2.38 %	19.13 %	79.62 %
2019	2.38 %	19.13 %	79.62 %
Q1 2020	2.29 %	19.68 %	80.20 %
Q2 2020	2.10 %	17.85 %	81.55 %
Q3 2020	2.14 %	18.49 %	80.62 %
Q4 2020	2.07 %	17.51 %	77.76 %
2020	2.07 %	17.51 %	77.76 %
Q1 2021	2.12 %	18.77 %	76.38 %
Q2 2021	1.68 %	11.66 %	75.47 %
Q3 2021	1.76 %	12.26 %	76.66 %
Q4 2021	1.67 %	11.56 %	78.65 %
2021	1.67 %	11.56 %	78.65 %
Q1 2022	1.81 %	12.31 %	78.86 %
Q2 2022	1.73 %	10.82 %	79.94 %
Q3 2022	1.80 %	11.38 %	79.67 %
Q4 2022	2.00 %	12.37 %	79.65 %
2022	2.00 %	12.37 %	79.65 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
2013	2.17 %	19.97 %	67.95 %
2014	2.13 %	20.09 %	70.19 %
2015	2.06 %	19.41 %	71.96 %
2016	2.09 %	18.36 %	72.66 %
2017	2.21 %	17.97 %	74.47 %
2018	2.14 %	16.86 %	79.90 %
2019	2.38 %	19.13 %	79.62 %
2020	2.07 %	17.51 %	77.76 %
2021	1.67 %	11.56 %	78.65 %
2022	2.00 %	12.37 %	79.65 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
Q1 2013	358.02	14.1 %	276.68	11.6 %	170.63	19.9 %
Q2 2013	362.80	13.2 %	288.05	15.1 %	178.21	18.6 %
Q3 2013	367.09	14.4 %	294.78	17.3 %	184.40	17.3 %
Q4 2013	377.29	9.3 %	300.60	9.9 %	187.69	14.8 %
Q1 2014	420.37	17.4 %	333.07	20.4 %	197.39	15.7 %
Q2 2014	435.53	20.0 %	345.60	20.0 %	206.19	15.7 %
Q3 2014	437.91	19.3 %	343.94	16.7 %	213.53	15.8 %
Q4 2014	434.88	15.3 %	333.10	10.8 %	220.72	17.6 %
Q1 2015	449.80	7.0 %	342.85	2.9 %	227.13	15.1 %
Q2 2015	461.41	5.9 %	360.98	4.5 %	234.28	13.6 %
Q3 2015	476.83	8.9 %	367.37	6.8 %	238.60	11.7 %
Q4 2015	448.64	3.2 %	323.87	(2.8 %)	252.94	14.6 %
Q1 2016	452.00	0.5 %	326.03	(4.9 %)	265.34	16.8 %
Q2 2016	452.61	(1.9 %)	314.71	(12.8 %)	264.77	13.0 %
Q3 2016	438.76	(8.0 %)	311.23	(15.3 %)	259.92	8.9 %
Q4 2016	442.66	(1.3 %)	315.62	(2.5 %)	253.59	0.3 %
Q1 2017	449.00	(0.7 %)	313.65	(3.8 %)	254.20	(4.2 %)
Q2 2017	450.49	(0.5 %)	314.69	0.0 %	256.90	(3.0 %)
Q3 2017	446.19	1.7 %	302.59	(2.8 %)	256.85	(1.2 %)
Q4 2017	444.79	0.5 %	308.94	(2.1 %)	249.23	(1.7 %)
Q1 2018	438.90	(2.2 %)	309.00	(1.5 %)	252.78	(0.6 %)
Q2 2018	455.73	1.2 %	317.65	0.9 %	266.04	3.6 %
Q3 2018	460.83	3.3 %	325.46	7.6 %	268.25	4.4 %
Q4 2018	452.18	1.7 %	318.70	3.2 %	265.06	6.4 %
Q1 2019	464.91	5.9 %	309.68	0.2 %	267.22	5.7 %
Q2 2019	476.59	4.6 %	327.44	3.1 %	274.83	3.3 %
Q3 2019	496.59	7.8 %	340.38	4.6 %	279.07	4.0 %
Q4 2019	506.82	12.1 %	353.39	10.9 %	281.84	6.3 %
Q1 2020	534.56	15.0 %	375.05	21.1 %	304.77	14.1 %
Q2 2020	556.86	16.8 %	380.40	16.2 %	315.84	14.9 %
Q3 2020	576.63	16.1 %	408.47	20.0 %	336.41	20.5 %
Q4 2020	599.44	18.3 %	416.42	17.8 %	346.71	23.0 %
Q1 2021	599.57	12.2 %	419.43	11.8 %	356.72	17.0 %
Q2 2021	897.36	61.1 %	588.13	54.6 %	501.80	58.9 %
Q3 2021	903.85	56.7 %	589.19	44.2 %	502.48	49.4 %
Q4 2021	914.15	52.5 %	588.57	41.3 %	497.57	43.5 %
Q1 2022	921.56	53.7 %	606.72	44.7 %	514.63	44.3 %
Q2 2022	958.47	6.8 %	593.01	0.8 %	536.19	6.9 %
Q3 2022	964.42	6.7 %	596.89	1.3 %	536.18	6.7 %
Q4 2022	945.50	3.4 %	568.28	(3.4 %)	545.31	9.6 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
3m 2013	358.02	14.1 %	276.68	11.6 %	170.63	19.9 %
6m 2013	362.80	13.2 %	288.05	15.1 %	178.21	18.6 %
9m 2013	367.09	14.4 %	294.78	17.3 %	184.40	17.3 %
12m 2013	377.29	9.3 %	300.60	9.9 %	187.69	14.8 %
3m 2014	420.37	17.4 %	333.07	20.4 %	197.39	15.7 %
6m 2014	435.53	20.0 %	345.60	20.0 %	206.19	15.7 %
9m 2014	437.91	19.3 %	343.94	16.7 %	213.53	15.8 %
12m 2014	434.88	15.3 %	333.10	10.8 %	220.72	17.6 %
3m 2015	449.80	7.0 %	342.85	2.9 %	227.13	15.1 %
6m 2015	461.41	5.9 %	360.98	4.5 %	234.28	13.6 %
9m 2015	476.83	8.9 %	367.37	6.8 %	238.60	11.7 %
12m 2015	448.64	3.2 %	323.87	(2.8 %)	252.94	14.6 %
3m 2016	452.00	0.5 %	326.03	(4.9 %)	265.34	16.8 %
6m 2016	452.61	(1.9 %)	314.71	(12.8 %)	264.77	13.0 %
9m 2016	438.76	(8.0 %)	311.23	(15.3 %)	259.92	8.9 %
12m 2016	442.66	(1.3 %)	315.62	(2.5 %)	253.59	0.3 %
3m 2017	449.00	(0.7 %)	313.65	(3.8 %)	254.20	(4.2 %)
6m 2017	450.49	(0.5 %)	314.69	0.0 %	256.90	(3.0 %)
9m 2017	446.19	1.7 %	302.59	(2.8 %)	256.85	(1.2 %)
12m 2017	444.79	0.5 %	308.94	(2.1 %)	249.23	(1.7 %)
3m 2018	438.90	(2.2 %)	309.00	(1.5 %)	252.78	(0.6 %)
6m 2018	455.73	1.2 %	317.65	0.9 %	266.04	3.6 %
9m 2018	460.83	3.3 %	325.46	7.6 %	268.25	4.4 %
12m 2018	452.18	1.7 %	318.70	3.2 %	265.06	6.4 %
3m 2019	464.91	5.9 %	309.68	0.2 %	267.22	5.7 %
6m 2019	476.59	4.6 %	327.44	3.1 %	274.83	3.3 %
9m 2019	496.59	7.8 %	340.38	4.6 %	279.07	4.0 %
12m 2019	506.82	12.1 %	353.39	10.9 %	281.84	6.3 %
3m 2020	534.56	15.0 %	375.05	21.1 %	304.77	14.1 %
6m 2020	556.86	16.8 %	380.40	16.2 %	315.84	14.9 %
9m 2020	576.63	16.1 %	408.47	20.0 %	336.41	20.5 %
12m 2020	599.44	18.3 %	416.42	17.8 %	346.71	23.0 %
3m 2021	599.57	12.2 %	419.43	11.8 %	356.72	17.0 %
6m 2021	897.36	61.1 %	588.13	54.6 %	501.80	58.9 %
9m 2021	903.85	56.7 %	589.19	44.2 %	502.48	49.4 %
12m 2021	914.15	52.5 %	588.57	41.3 %	497.57	43.5 %
3m 2022	921.56	53.7 %	606.72	44.7 %	514.63	44.3 %
6m 2022	958.47	6.8 %	593.01	0.8 %	536.19	6.9 %
9m 2022	964.42	6.7 %	596.89	1.3 %	536.18	6.7 %
12m 2022	945.50	3.4 %	568.28	(3.4 %)	545.31	9.6 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
2013	377.29	9.3 %	300.60	9.9 %	187.69	14.8 %
2014	434.88	15.3 %	333.10	10.8 %	220.72	17.6 %
2015	448.64	3.2 %	323.87	(2.8 %)	252.94	14.6 %
2016	442.66	(1.3 %)	315.62	(2.5 %)	253.59	0.3 %
2017	444.79	0.5 %	308.94	(2.1 %)	249.23	(1.7 %)
2018	452.18	1.7 %	318.70	3.2 %	265.06	6.4 %
2019	506.82	12.1 %	353.39	10.9 %	281.84	6.3 %
2020	599.44	18.3 %	416.42	17.8 %	346.71	23.0 %
2021	914.15	52.5 %	588.57	41.3 %	497.57	43.5 %
2022	945.50	3.4 %	568.28	(3.4 %)	545.31	9.6 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
Q1 2013	77.28 %	47.66 %	61.67 %
Q2 2013	79.40 %	49.12 %	61.87 %
Q3 2013	80.30 %	50.23 %	62.56 %
Q4 2013	79.67 %	49.75 %	62.44 %
Q1 2014	79.23 %	46.96 %	59.26 %
Q2 2014	79.35 %	47.34 %	59.66 %
Q3 2014	78.54 %	48.76 %	62.08 %
Q4 2014	76.60 %	50.75 %	66.26 %
Q1 2015	76.22 %	50.49 %	66.25 %
Q2 2015	78.23 %	50.78 %	64.90 %
Q3 2015	77.04 %	50.04 %	64.95 %
Q4 2015	72.19 %	56.38 %	78.10 %
Q1 2016	72.13 %	58.70 %	81.39 %
Q2 2016	69.53 %	58.50 %	84.13 %
Q3 2016	70.93 %	59.24 %	83.51 %
Q4 2016	71.30 %	57.29 %	80.35 %
Q1 2017	69.86 %	56.62 %	81.05 %
Q2 2017	69.86 %	57.03 %	81.64 %
Q3 2017	67.82 %	57.57 %	84.88 %
Q4 2017	69.46 %	56.03 %	80.67 %
Q1 2018	70.40 %	57.59 %	81.80 %
Q2 2018	69.70 %	58.38 %	83.75 %
Q3 2018	70.63 %	58.21 %	82.42 %
Q4 2018	70.48 %	58.62 %	83.17 %
Q1 2019	66.61 %	57.48 %	86.29 %
Q2 2019	68.70 %	57.67 %	83.93 %
Q3 2019	68.54 %	56.20 %	81.99 %
Q4 2019	69.73 %	55.61 %	79.75 %
Q1 2020	70.16 %	57.01 %	81.26 %
Q2 2020	68.31 %	56.72 %	83.03 %
Q3 2020	70.84 %	58.34 %	82.36 %
Q4 2020	69.47 %	57.84 %	83.26 %
Q1 2021	69.96 %	59.50 %	85.05 %
Q2 2021	65.54 %	55.92 %	85.32 %
Q3 2021	65.19 %	55.59 %	85.28 %
Q4 2021	64.39 %	54.43 %	84.54 %
Q1 2022	65.84 %	55.84 %	84.82 %
Q2 2022	61.87 %	55.94 %	90.42 %
Q3 2022	61.89 %	55.60 %	89.83 %
Q4 2022	60.10 %	57.67 %	95.96 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
2013	79.67 %	49.75 %	62.44 %
2014	76.60 %	50.75 %	66.26 %
2015	72.19 %	56.38 %	78.10 %
2016	71.30 %	57.29 %	80.35 %
2017	69.46 %	56.03 %	80.67 %
2018	70.48 %	58.62 %	83.17 %
2019	69.73 %	55.61 %	79.75 %
2020	69.47 %	57.84 %	83.26 %
2021	64.39 %	54.43 %	84.54 %
2022	60.10 %	57.67 %	95.96 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
Q1 2013	4,019.65	1.70	1.70	-	9.58
Q2 2013	4,019.65	1.79	1.79	-	9.93
Q3 2013	4,019.65	1.86	1.86	-	10.01
Q4 2013	4,019.65	1.95	1.95	-	10.18
Q1 2014	4,019.65	2.00	2.00	-	10.51
Q2 2014	4,019.65	2.11	2.11	-	11.10
Q3 2014	4,019.65	2.15	2.15	-	11.10
Q4 2014	4,019.65	2.15	2.15	-	11.25
Q1 2015	4,019.65	2.17	2.17	-	11.81
Q2 2015	4,019.65	2.16	2.16	-	11.95
Q3 2015	4,019.65	2.19	2.19	-	11.91
Q4 2015	4,019.65	2.26	2.26	-	12.06
Q1 2016	4,019.65	2.27	2.27	-	12.75
Q2 2016	4,019.65	2.29	2.29	-	12.91
Q3 2016	4,019.65	2.28	2.28	-	12.92
Q4 2016	4,019.65	2.32	2.32	-	13.19
Q1 2017	4,019.65	2.34	2.34	-	13.68
Q2 2017	4,019.65	2.33	2.33	-	13.15
Q3 2017	4,019.65	2.37	2.37	-	13.54
Q4 2017	4,019.65	2.44	2.44	-	13.94
Q1 2018	4,019.65	2.41	2.41	-	14.10
Q2 2018	4,019.65	2.35	2.35	-	14.18
Q3 2018	4,019.65	2.35	2.35	-	13.81
Q4 2018	4,019.65	2.38	2.38	-	14.36
Q1 2019	4,019.65	2.43	2.43	-	14.87
Q2 2019	4,019.65	2.56	2.56	-	14.74
Q3 2019	4,019.65	2.67	2.67	-	14.63
Q4 2019	4,019.65	2.84	2.84	-	15.29
Q1 2020	4,019.65	2.85	2.85	-	14.11
Q2 2020	4,019.65	2.70	2.70	-	15.53
Q3 2020	4,019.65	2.85	2.85	-	16.24
Q4 2020	4,019.65	2.85	2.85	3.03	17.22
Q1 2021	5,504.91	2.18	2.18	3.03	17.73
Q2 2021	5,504.91	2.22	2.23	3.03	24.58
Q3 2021	5,504.91	2.37	2.39	3.03	24.65
Q4 2021	5,504.91	2.30	2.33	3.03	25.00
Q1 2022	6,000.00	2.29	2.32	3.03	25.40
Q2 2022	6,000.00	2.67	2.69	3.03	24.80
Q3 2022	6,000.00	2.80	2.81	3.03	24.49
Q4 2022	6,000.00	3.10	3.10	3.03	25.08

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
2013	4,019.65	1.95	1.95	-	10.18
2014	4,019.65	2.15	2.15	-	11.25
2015	4,019.65	2.26	2.26	-	12.06
2016	4,019.65	2.32	2.32	-	13.19
2017	4,019.65	2.44	2.44	-	13.94
2018	4,019.65	2.39	2.39	-	14.36
2019	4,019.65	2.84	2.84	-	15.29
2020	4,019.65	2.85	2.85	3.02	17.22
2021	5,504.91	2.30	2.33	3.02	25.00
2022	6,000.00	3.10	3.10	3.02	25.08

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
Q1 2013	-	-	-
Q2 2013	-	-	-
Q3 2013	-	-	-
Q4 2013	-	-	-
Q1 2014	-	-	-
Q2 2014	-	-	-
Q3 2014	-	-	-
Q4 2014	18.97	18.97	3.63
Q1 2015	20.89	20.89	3.84
Q2 2015	21.52	21.52	3.88
Q3 2015	18.33	18.33	3.37
Q4 2015	16.78	16.78	3.15
Q1 2016	13.33	13.33	2.37
Q2 2016	12.99	12.99	2.30
Q3 2016	10.75	10.75	1.90
Q4 2016	13.65	13.65	2.40
Q1 2017	12.54	12.54	2.14
Q2 2017	16.92	16.92	3.00
Q3 2017	16.10	16.10	2.82
Q4 2017	16.77	16.77	2.93
Q1 2018	20.07	20.07	3.43
Q2 2018	23.05	23.05	3.82
Q3 2018	21.38	21.38	3.63
Q4 2018	22.36	22.36	3.71
Q1 2019	25.21	25.21	4.12
Q2 2019	24.20	24.20	4.20
Q3 2019	19.24	19.24	3.51
Q4 2019	19.34	19.34	3.59
Q1 2020	13.56	13.56	2.74
Q2 2020	15.36	15.36	2.67
Q3 2020	14.50	14.50	2.55
Q4 2020	16.97	16.97	2.80
Q1 2021	13.09	13.09	3.34
Q2 2021	14.20	14.15	1.75
Q3 2021	15.14	15.05	1.86
Q4 2021	15.88	15.67	1.92
Q1 2022	17.48	17.27	2.08
Q2 2022	16.24	16.12	1.98
Q3 2022	15.55	15.47	1.92
Q4 2022	12.45	12.45	1.50

Period	P/E	Adjusted P/E	Price/book
2013	-	-	-
2014	18.97	18.97	3.63
2015	16.78	16.78	3.15
2016	13.65	13.65	2.40
2017	16.77	16.77	2.93
2018	22.33	22.33	3.71
2019	19.34	19.34	3.59
2020	16.97	16.97	2.80
2021	15.90	15.70	1.92
2022	12.47	12.47	1.50

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	International Banking	Capital Market	Global markets and Treasury
Q1 2013	1,418.17	775.64	565.85	160.86	1,145.26
Q2 2013	1,276.19	933.13	551.32	167.65	771.59
Q3 2013	1,220.48	805.71	517.35	143.22	736.59
Q4 2013	1,387.79	920.72	503.54	132.59	723.88
Q1 2014	1,394.07	901.15	501.88	174.43	892.75
Q2 2014	1,444.40	926.59	527.50	219.17	1,097.32
Q3 2014	1,455.20	868.24	595.35	171.82	1,023.74
Q4 2014	1,427.35	1,032.33	628.39	188.93	776.42
Q1 2015	1,448.95	1,041.10	566.42	166.74	1,224.33
Q2 2015	1,522.94	1,034.67	528.51	183.19	1,013.61
Q3 2015	1,533.85	1,062.65	545.05	160.03	1,011.26
Q4 2015	1,854.84	1,002.57	546.46	181.42	857.08
Q1 2016	1,970.14	1,040.62	536.42	159.51	1,017.29
Q2 2016	1,985.35	1,054.82	589.90	147.36	882.82
Q3 2016	1,967.03	1,104.46	602.84	114.20	874.28
Q4 2016	1,782.46	1,186.84	501.03	159.65	970.39
Q1 2017	1,938.41	1,235.61	388.22	163.66	1,133.92
Q2 2017	1,924.73	1,042.93	393.30	144.16	973.23
Q3 2017	2,106.64	842.25	405.84	154.12	982.69
Q4 2017	2,171.24	973.67	390.38	173.87	806.38
Q1 2018	2,116.90	873.73	371.26	227.59	1,189.77
Q2 2018	1,976.75	1,075.78	442.12	176.26	989.64
Q3 2018	2,318.57	1,000.84	398.71	154.71	858.77
Q4 2018	2,260.08	1,111.00	314.71	161.60	908.44
Q1 2019	2,240.76	1,157.45	297.15	181.00	1,074.45
Q2 2019	2,385.91	965.58	353.75	216.64	1,128.53
Q3 2019	2,568.71	1,061.34	380.69	163.79	822.01
Q4 2019	2,512.36	1,526.65	429.32	225.36	883.24
Q1 2020	2,319.66	1,112.59	474.94	249.10	1,148.97
Q2 2020	2,363.44	2,914.55	417.10	219.62	(1148.97)
Q3 2020	2,676.13	2,267.98	407.50	285.99	-
Q4 2020	2,829.45	2,238.61	302.94	378.32	-
Q1 2021	2,662.57	2,430.09	276.48	350.17	-
Q2 2021	3,209.70	2,670.09	266.25	1,441.78	-
Q3 2021	3,326.70	4,696.32	476.74	(625.34)	-
Q4 2021	3,267.32	2,705.87	670.36	410.61	-
Q1 2022	3,664.72	3,265.04	666.34	496.80	-
Q2 2022	3,552.39	3,550.45	702.87	539.48	-
Q3 2022	3,739.41	3,747.26	633.98	327.18	-
Q4 2022	3,655.43	3,385.15	571.89	506.20	-

Period	Retail	Corporate and Institutional Banking	International Banking	Capital Market	Global markets and Treasury
2013	5,302.63	3,435.21	2,138.05	604.32	3,377.31
2014	5,721.01	3,728.31	2,253.12	754.36	3,790.23
2015	6,360.61	4,141.00	2,186.43	691.38	4,106.28
2016	7,704.97	4,386.73	2,230.19	580.72	3,744.77
2017	8,141.01	4,094.46	1,577.74	635.80	3,896.21
2018	8,672.30	4,061.35	1,526.80	720.17	3,946.61
2019	9,707.74	4,711.02	1,460.90	786.79	3,908.23
2020	10,188.69	8,533.73	1,602.49	1,133.03	-
2021	12,466.29	12,502.37	1,689.83	1,577.23	-
2022	14,611.94	13,947.89	2,575.07	1,869.65	-

Analysts Estimates (Million)

Item	Q4 2022 (e)	Q4 2022 (a)	Change‬
Average	4,604.23	4,765.43	3.50 %

Estimates vs Actual (Million)

Item	Q4 2022 (e)	Q4 2022 (a)	Change
OSOOL AND BAKHEET	4,810.42	4,765.43	(0.9) %
Hermes	4,853.00	4,765.43	(1.8) %
Riyad Capital	4,675.00	4,765.43	1.9 %
U-Capital	4,957.00	4,765.43	(3.9) %
FAB Securities	4,498.00	4,765.43	5.9 %
Goldman Sachs	4,433.22	4,765.43	7.5 %
Sico	4,003.00	4,765.43	19.0 %

Financial Ratios

	Current
Market Cap (M Riyal)	198,600.00
Shares Outstanding ((M))	6,000.00
EPS ( Riyal) (TTM)	3.43
EPS Diluted ( Riyal) (TTM)	3.34
Book Value (BV) ( Riyal)	27.98
Par Value ( Riyal)	10.00
Adjusted P/E (Last12)	9.64
P/E (TTM)	9.64
Price/book	1.18
Return on Average Assets (%) (TTM)	1.9
Return on Average Equity (%) (TTM)	12.8

The Saudi National Bank (SNB)

Twitter

Facebook

Linked in

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

SNB 2022 profit jumps 47% to SAR 18.6 bln; Q4 at SAR 4.8 bln

View other reports

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (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)

Revenue by Business Segment (Latest) 2022 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

The Saudi National Bank (SNB)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

×

SNB 2022 profit jumps 47% to SAR 18.6 bln; Q4 at SAR 4.8 bln

View other reports

Financials (M)

Current Quarter Comparison (M)

Balance Sheet (B)

Financial results (Million)

Financial results (Million)

Profit Performance (Million)

Profit Performance (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) Q4 2022

Revenue by Business Segment (Latest) 2022 Q4

Analysts Estimates (Million)

Analysts Estimates (Million)

Estimates vs Actual (Million)

Estimates Accuracy

Financial Ratios

Share Price

The Saudi National Bank (SNB)

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Business Segments (Million)