SNB 2023 profit grows 8% to SAR 20B, Q4 at SAR 4.96B

05/02/2024 Argaam Exclusive

View other reports

Saudi National Bank (SNB) reported a net profit of SAR 20 billion by the end of 2023, an increase of 4% from SAR 18.6 billion in the prior-year period.

Financials (M)

Item	2022	2023	Change‬
Net Special Commission Income	26,287.20	27,008.94	2.7 %
Operating Income	33,004.55	34,589.40	4.8 %
Total Provisions	(1685.48)	(907.90)	46.1 %
Net Income	18,580.69	20,009.97	7.7 %
Average Shares	6,000.00	6,000.00	-
EPS (Riyals)	3.10	3.33	7.7 %
EPS Diluted (Riyals)	3.02	3.23	6.9 %

The year-on-year (YoY) profit growth is mainly due to an increase of 45% in net special commission income, as the financing and investment portfolios rose by 10.3% and 4.2%, respectively.

Moreover, the bank’s total operating income grew by 4.8% YoY as a result of an increase in net special commission income by 2.7%, banking services fee income by 5.1%, and income from foreign currency transfers by 23.1%.

In addition, investment income leapt 22% YoY, partially offset by other operating expenses, which rose 21.9%.

The bank’s 2023 profit growth was also driven by a drop in total operating expenses, including credit losses, by 1.7%. This is due to a 45.3% YoY decrease in the net provision for expected credit losses.

Current Quarter Comparison (M)

Compared With The

Item	Q4 2022	Q4 2023	Change‬
Net Special Commission Income	6,777.04	6,887.12	1.6 %
Operating Income	8,118.66	8,624.68	6.2 %
Debt Provisions	(166.50)	(427.02)	(156.5 %)
Net Income	4,765.43	4,963.24	4.2 %
Average Shares	6,000.00	6,000.00	-
EPS (Riyals)	0.79	0.83	4.2 %
EPS Diluted (Riyal)	0.78	0.81	4.4 %

Item	Q3 2023	Q4 2023	Change‬
Net Special Commission Income	6,833.34	6,887.12	0.8 %
Operating Income	8,736.77	8,624.68	(1.3 %)
Debt Provisions	76.07	(427.02)	(661.4 %)
Net Income	5,009.62	4,963.24	(0.9 %)
Average Shares	6,000.00	6,000.00	-
EPS (Riyals)	0.83	0.83	(0.9 %)
EPS Diluted (Riyal)	0.80	0.81	1.3 %

Balance Sheet (B)

Item	2022	2023	Change‬
Assets	945.50	1,037.08	9.7 %
Customer Deposits	568.28	590.05	3.8 %
Loan	545.31	601.53	10.3 %

In addition, the accelerated collections of corporate sector debts and re-evaluation of some low-value credit portfolios contributed to the bank’s profit surge.

The fourth-quarter net profit grew by 4% to SAR 4.96 billion from SAR 4.76 billion in Q4 2022.

Net profit edged down 0.9% quarter-on-quarter (QoQ) from SAR 5 billion in Q3 2023.

Total shareholders’ equity, excluding minority interest and sukuk, reached SAR 160.7 billion as of Dec. 31, 2023, compared to SAR 150.5 billion a year earlier.

View more financial results

Financial results (Million)

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
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 %
Q1 2023	6,780.66	11.0 %	8,733.59	7.9 %	(490.84)	(27.1 %)
Q2 2023	6,521.82	(4.4 %)	8,494.37	1.8 %	(66.10)	88.8 %
Q3 2023	6,833.34	3.9 %	8,736.77	3.4 %	76.07	114.1 %
Q4 2023	6,887.12	1.6 %	8,624.68	6.2 %	(427.02)	(156.5 %)
2023	27,008.94	2.7 %	34,589.40	4.8 %	(907.90)	46.1 %

Period	Net Special Commission Income	Change	Operating Income	Change	Debt Provisions	Change
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 %
2023	27,008.94	2.7 %	34,589.40	4.8 %	(907.90)	46.1 %

Profit Performance (Million)

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
Q1 2023	5,021.54	11.6 %	0.84	-	5,021.54	0.84
Q2 2023	5,015.56	9.3 %	0.84	-	5,015.56	0.84
Q3 2023	5,009.62	6.0 %	0.83	-	5,009.62	0.83
Q4 2023	4,963.24	4.2 %	0.83	-	4,963.24	0.83
2023	20,009.97	7.7 %	3.33	-	20,009.97	3.33

Period	Net Income	Change	EPS(Riyal)	Extraordinary Income/Expense	Net Profit Before Unusual Items	EPS Before XO Items
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
2023	20,009.97	7.7 %	3.33	-	20,009.97	3.33

Profitability

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
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 %
Q1 2023	2.01 %	12.48 %	80.13 %
Q2 2023	2.00 %	12.86 %	78.88 %
Q3 2023	1.99 %	13.20 %	78.96 %
Q4 2023	2.02 %	12.86 %	78.12 %
2023	2.02 %	12.86 %	78.08 %

Period	Return On Average Assets	Return on Average Equity	Net Interest Income/Total Operating Income
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 %
2023	2.02 %	12.86 %	78.08 %

Balance Sheet (B)

Period	Assets	Change	Customer Deposits	Change	Loan	Change
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 %
Q1 2023	976.06	5.9 %	610.79	0.7 %	566.34	10.0 %
Q2 2023	996.20	3.9 %	602.21	1.6 %	577.85	7.8 %
Q3 2023	1,027.13	6.5 %	624.77	4.7 %	595.72	11.1 %
Q4 2023	1,037.08	9.7 %	590.05	3.8 %	601.53	10.3 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
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 %
3m 2023	976.06	5.9 %	610.79	0.7 %	566.34	10.0 %
6m 2023	996.20	3.9 %	602.21	1.6 %	577.85	7.8 %
9m 2023	1,027.13	6.5 %	624.77	4.7 %	595.72	11.1 %
12m 2023	1,037.08	9.7 %	590.05	3.8 %	601.53	10.3 %

Period	Assets	Change	Customer Deposits	Change	Loan	Change
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 %
2023	1,037.08	9.7 %	590.05	3.8 %	601.53	10.3 %

Ratios

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
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 %
Q1 2023	62.58 %	58.02 %	92.72 %
Q2 2023	60.45 %	58.01 %	95.95 %
Q3 2023	60.83 %	58.00 %	95.35 %
Q4 2023	56.90 %	58.00 %	101.94 %

Period	Customer Deposits Per Total Assets	Loans and advances/Total assets	Loans and advances/Customers Deposits
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 %
2023	56.90 %	58.00 %	101.94 %

Per Share Data (Riyal)

Compared With The

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
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
Q1 2023	6,000.00	3.18	3.18	3.10	25.61
Q2 2023	6,000.00	3.25	3.25	3.16	25.83
Q3 2023	6,000.00	3.30	3.30	3.20	25.52
Q4 2023	6,000.00	3.33	3.33	3.23	26.79

Period	Shares Outstanding (M)	EPS (Riyal)	Adjusted EPS (Riyal)	EPS Diluted (Riyal)	Book Value (BV)
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
2023	6,000.00	3.33	3.33	3.23	26.79

Multiple Ratios (End of Period Price)

Compared With The

Period	P/E	Adjusted P/E	Price/book
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
Q1 2023	11.03	11.03	1.34
Q2 2023	11.65	11.65	1.42
Q3 2023	10.26	10.26	1.29
Q4 2023	11.97	11.97	1.44

Period	P/E	Adjusted P/E	Price/book
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
2023	11.97	11.97	1.44

Business Segments (Million)

Compared With The

Period	Retail	Corporate and Institutional Banking	International Banking	Capital Market	Global markets and Treasury
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	-
Q1 2023	3,868.23	3,672.73	774.59	418.04	-
Q2 2023	4,145.73	2,983.28	906.18	459.18	-
Q3 2023	4,001.07	3,363.72	891.18	480.87	-
Q4 2023	3,838.76	3,818.72	540.69	426.51	-

Period	Retail	Corporate and Institutional Banking	International Banking	Capital Market	Global markets and Treasury
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	-
2023	15,874.64	13,806.54	3,112.44	1,795.79	-

Analysts Estimates (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change‬
Average	4,951.82	4,963.24	0.23 %

Estimates vs Actual (Million)

Item	Q4 2023 (e)	Q4 2023 (a)	Change
Hermes	4,944.00	4,963.24	0.4 %
Bank of America	5,001.00	4,963.24	(0.8) %
Riyad Capital	5,051.00	4,963.24	(1.7) %
Sico	4,871.00	4,963.24	1.9 %
OSOOL AND BAKHEET	5,081.73	4,963.24	(2.3) %
GIB Capital	5,084.00	4,963.24	(2.4) %
Goldman Sachs	4,800.00	4,963.24	3.4 %
U-Capital	4,781.80	4,963.24	3.8 %

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 2023 profit grows 8% to SAR 20B, Q4 at SAR 4.96B

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) 2023 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 2023 profit grows 8% to SAR 20B, Q4 at SAR 4.96B

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 2023

Revenue by Business Segment (Latest) 2023 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)