United Securities Keeps First Abu Dhabi Bank at Buy After Q2 Results

06:44 AM EDT, 07/28/2026 (MT Newswires) -- United Securities LLC reiterated its buy investment rating on First Abu Dhabi Bank (ADX:FAB), with a price target of 21 Emirati dirhams, as it took note of the lender's second-quarter financial results. For the second quarter, First Abu Dhabi Bank's net income rose 4% annually to 5.7 billion dirhams, above United Securities' estimate by 9%, according to a Monday note. Meanwhile, the bank's 10.7 billion-dirham operating income was "broadly in line" with the research firm's forecast. "FAB delivered operating income broadly in line with our expectations, while net income exceeded estimates due to lower-than-anticipated provisioning. The underlying earnings profile remains constructive, supported by healthy NII growth and management's reaffirmation of its loan growth guidance. The stock currently trades at 2026E P/E of 10.2x and P/B of 1.4x, offering a dividend yield of 4.8%," analysts said.