First Abu Dhabi Bank PJSC
First Abu Dhabi Bank PJSC operates as a commercial bank within the Financials sector, generating revenue through interest income and fee-based banking services.
Business. First Abu Dhabi Bank PJSC (FAB.AD) is a commercial bank headquartered in Abu Dhabi, operating within the Banking Services industry group. The company generates revenue primarily through interest income, consistent with standard commercial banking activities. Specific details regarding its operating segments and geographic mix are not provided in the available data. The entity is identified by the ticker FAB.AD, though specific exchange listing information is not specified.
Analyst recommendations
16 analysts · consensus BuyAt a glance
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The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Peers
- DividendDividend USD 1.75/sh2026-09-25 · Bank of America (BAC)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · JPMorgan Chase (JPM)
- EarningsQ3 2026 earnings (expected)2026-10-13 · estimated · Citigroup (C)
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
First Abu Dhabi Bank PJSC (FAB.AD) is a commercial bank headquartered in Abu Dhabi, operating within the Banking Services industry group. The company generates revenue primarily through interest income, consistent with standard commercial banking activities. Specific details regarding its operating segments and geographic mix are not provided in the available data. The entity is identified by the ticker FAB.AD, though specific exchange listing information is not specified.
First Abu Dhabi Bank maintains a substantial balance sheet with total assets of AED 1,403.9 billion and total equity of AED 146.7 billion. The capital structure includes long-term debt of AED 164.5 billion, resulting in a debt-to-equity ratio of 1.12. Operating cash flow stands at AED 42.7 billion, while free cash flow is AED 12.9 billion after capital expenditures of AED 0.9 billion. The risk assessment indicates medium liquidity risk, noting that net cash is negative after subtracting total debt.
Profitability metrics show a return on equity of 14.31% and a return on assets of 1.5%. The bank reported net income of AED 21.1 billion against revenue of AED 20.3 billion for the latest normalized period. Without cohort median data provided in the input, direct comparative analysis against sector peers is omitted, but the absolute returns indicate strong earnings generation relative to the equity base.
Segment and geographic revenue mix data is not present in the available input, so specific concentration risks by region or business line cannot be detailed. The analysis relies on consolidated financial figures for all performance assessments.
Historical period data for revenue and net income trends is absent from the input, preventing a multi-year growth trajectory analysis. The current snapshot reflects a single normalized period's performance.
Risk factors include medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting leverage exposure. The shares outstanding basic and diluted counts are identical at 11.05 billion, indicating no immediate dilutive securities in the current snapshot.
Recent investor relations observations show a mean analyst price target of 20.78 AED and a median target of 21.00 AED. The mean recommendation is 2.19, with 2 strong buys, 9 buys, and 5 holds. Competitor context lists JPMorgan Chase, Bank of America, and Citigroup, but no comparative data is provided.
- First Abu Dhabi Bank reports AED 21.1 billion in net income on AED 20.3 billion in revenue, demonstrating high profitability.
- The debt-to-equity ratio of 1.12 and negative net cash position flag medium liquidity risk.
- Analyst sentiment is positive with a mean recommendation of 2.19 and a median price target of 21.00 AED.
- Dilution risk is assessed as low, with basic and diluted share counts identical at 11.05 billion.
- Return on equity of 14.31% reflects efficient capital utilization.
Bull / Bear case
Generated · model-assistedNet income surged 23.8% year-over-year to AED 21.1 billion, demonstrating strong profitability growth.
Analysts project 27.2% upside to a mean price target of AED 20.78, reflecting strong market confidence.
Total assets grew 15.7% year-over-year to AED 1.4 trillion, highlighting robust balance sheet expansion.
Medium liquidity risk flags potential challenges in meeting short-term obligations or funding needs efficiently.
Debt-to-equity ratio of 1.12 is below the cohort median, suggesting higher leverage relative to typical peers.
Revenue growth slowed to 3.6% year-over-year, indicating a deceleration in top-line expansion momentum.
In focus — financials by report
Revenue AED 5.61B, +12,1% YoY; Net income −2,2% YoY.
- ▍Revenue AED 5.61B, +12,1% YoY
- ▍Net income −2,2% YoY
- ▍Free cash flow −2,4% YoY
- ▍Net margin 89.3%
Revenue AED 5.37B, +8,7% YoY; Net income +21,5% YoY.
- ▍Revenue AED 5.37B, +8,7% YoY
- ▍Net income +21,5% YoY
- ▍Free cash flow +4,8% YoY
- ▍Net margin 94.9%
Revenue AED 5.00B, +2,2% YoY; Net income +20,8% YoY.
- ▍Revenue AED 5.00B, +2,2% YoY
- ▍Net income +20,8% YoY
- ▍Free cash flow +26,5% YoY
- ▍Net margin 107.8%
Revenue AED 4.95B, +0,5% YoY; Net income +29,4% YoY.
- ▍Revenue AED 4.95B, +0,5% YoY
- ▍Net income +29,4% YoY
- ▍Free cash flow +275,5% YoY
- ▍Net margin 111.2%
Revenue AED 5.01B; Net margin 102.4%.
- ▍Revenue AED 5.01B
- ▍Net margin 102.4%
Revenue AED 4.93B; Net margin 84.9%.
- ▍Revenue AED 4.93B
- ▍Net margin 84.9%
Revenue AED 4.89B; Net margin 91.2%.
- ▍Revenue AED 4.89B
- ▍Net margin 91.2%
Revenue AED 4.93B; Net margin 86.3%.
- ▍Revenue AED 4.93B
- ▍Net margin 86.3%
Revenue AED 20.32B, +3,6% YoY; Net income +23,8% YoY.
- ▍Revenue AED 20.32B, +3,6% YoY
- ▍Net income +23,8% YoY
- ▍Free cash flow +24,9% YoY
- ▍Net margin 103.9%
Revenue AED 19.61B, +8,1% YoY; Net income +4,0% YoY.
- ▍Revenue AED 19.61B, +8,1% YoY
- ▍Net income +4,0% YoY
- ▍Free cash flow −3,3% YoY
- ▍Net margin 87.0%
Revenue AED 18.14B, +27,6% YoY; Net income +22,3% YoY.
- ▍Revenue AED 18.14B, +27,6% YoY
- ▍Net income +22,3% YoY
- ▍Free cash flow +23,3% YoY
- ▍Net margin 90.4%
Revenue AED 14.22B, +21,9% YoY; Net income +7,0% YoY.
- ▍Revenue AED 14.22B, +21,9% YoY
- ▍Net income +7,0% YoY
- ▍Free cash flow +69,1% YoY
- ▍Net margin 94.3%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,71 |
| Revenue | —no estimate | —no estimate | 37,9B AED |
| Operating income | —no estimate | —no estimate | 28,9B AED |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
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- Reference data
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Return On Assetsnet_income / total_assets
- Return On Equitynet_income / total_equity
- First Abu Dhabi Bank PJSC Market data — financials · 2026-07-11
- First Abu Dhabi Bank PJSC Market data — analyst estimates · 2026-07-11
- First Abu Dhabi Bank PJSC Market data — ESG · 2026-07-11
- First Abu Dhabi Bank PJSC — company reference export (2026-07-05) · 2026-07-11