Alpha Bank S.A. (APHBF) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Alpha Bank S.A. (APHBF) trades at $4.44 with AI Score 54/100 (Grade B). Alpha Bank S. A. Market cap: $9.76B, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Jun 15, 2026Analyst Coverage for APHBF: APHBF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates APHBF against Financial Services peers across nine fundamental dimensions and assigns a mixed fundamental profile based on the underlying data.
APHBF: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
Alpha Bank S.A. (APHBF) Financial Services Profile
Alpha Bank S.A., established in 1879 and headquartered in Athens, Greece, is a regional financial services institution. It offers a comprehensive suite of banking products, including deposits, loans, and investment services, to retail, corporate, and shipping clients across Greece and internationally, operating within the 'Banks - Regional' industry.
What Is the Investment Thesis for APHBF?
Alpha Bank S.A. presents a profile as an established regional bank with a significant presence in the Greek financial sector, evidenced by its $9.76B market capitalization. The company demonstrates solid profitability with a profit margin of 22.4% and a gross margin of 51.9%, indicating efficient operations within its financial services segments. Its P/E ratio of 9.9 suggests a valuation that may be attractive relative to earnings, while a dividend yield of 2.00% offers income potential. The Beta of 0.81 indicates lower volatility compared to the broader market. Key growth catalysts include the strategic expansion into green loans and solutions for both retail and small business segments, aligning with global sustainability trends and potentially unlocking new revenue streams. Furthermore, the bank's involvement in Recovery and Resilience Facility loans positions it to benefit from national economic stimulus and infrastructure projects. Ongoing investment in internet and mobile banking services is crucial for customer retention and acquisition in a digitalizing financial landscape. However, investors must consider the 'OTC Other' designation, which implies reduced regulatory oversight and potential liquidity challenges, alongside the inherent risks associated with the Greek economic environment and evolving financial regulations.
Based on FMP financials and quantitative analysis
APHBF Key Highlights
Alpha Bank S.A. commands a market capitalization of $9.76B, reflecting its substantial presence in the financial services sector.
- The company maintains a P/E ratio of 9.9, which can be a key metric for valuation analysis within the banking industry.
- Alpha Bank S.A. reported a profit margin of 22.4%, indicating strong profitability from its core banking and financial operations.
- A gross margin of 51.9% highlights the efficiency of its revenue generation relative to the cost of services provided.
- The company offers a dividend yield of 2.00%, providing a return to shareholders from its earnings.
Who Are APHBF's Competitors?
APHBF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BKAYY Bank of Ayudhya Public Company Limited | $22.17 | -14.75% | $163B | 62 |
| PBLOF Public Bank Berhad | $0.95 | +0.00% | $18.4B | — |
| BGKKF Bangkok Bank Public Company Limited | $4.99 | +0.00% | $9.53B | 63 |
| UNPLF UnipolSai Assicurazioni S.p.A. | $2.95 | -2.32% | $8.34B | — |
| ALORY Alior Bank S.A. | $14.74 | +0.00% | $7.70B | 59 |
| ZION Zions Bancorporation, National Association | $68.39 | +0.15% | $9.98B | 98 |
| BOKF BOK Financial Corporation | $139.84 | -0.36% | $8.50B | 95 |
| FHN First Horizon Corporation | $24.87 | -3.68% | $11.8B | 92 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are APHBF's Key Strengths?
Long-standing history and established brand in the Greek financial sector since 1879.
- Comprehensive suite of banking and financial products catering to diverse client segments.
- Solid profitability metrics with a 22.4% profit margin and 51.9% gross margin.
- Strategic focus on growth areas such as green loans and digital banking services.
- Involvement in national economic recovery initiatives through Recovery and Resilience Facility loans.
What Are APHBF's Weaknesses?
Trading on the 'OTC Other' market tier, which implies limited regulatory oversight and reporting requirements.
- Potential for lower liquidity and wider bid-ask spreads compared to exchange-listed securities.
- Exposure to the specific economic conditions and regulatory environment of Greece.
- Reliance on traditional banking models, despite efforts in digitalization, may face challenges from agile fintech competitors.
What Could Drive APHBF Stock Higher?
APHBF catalyst: Expansion of green loans and sustainable finance solutions, aligning with growing market demand and regulatory push for ESG initiatives.
- Continued utilization and distribution of Recovery and Resilience Facility (RRF) loans, driving corporate lending and supporting national economic recovery.
- Further enhancement and adoption of internet and mobile banking services, improving customer engagement and operational efficiency.
- Potential for favorable interest rate movements by the European Central Bank, which could positively impact net interest margins for regional banks.
- Strategic initiatives to expand international trade and shipping finance services, capitalizing on Greece's maritime industry strength.
What Are the Key Risks for APHBF?
Financial-distress signal — its Altman Z-Score of 0.23 sits in the distress zone (elevated bankruptcy risk).
- Exposure to the economic stability and growth trajectory of Greece, which can impact loan quality and demand for financial services.
- Regulatory changes within the European and Greek financial sectors, potentially leading to increased capital requirements or compliance costs.
- Intense competition from larger, more technologically advanced banks and fintech companies, pressuring market share and profitability.
- Risks associated with trading on the 'OTC Other' market, including limited liquidity, lack of transparency, and potential for price volatility.
- Fluctuations in global interest rates, which can affect the bank's net interest income and overall profitability.
What Are the Growth Opportunities for APHBF?
- Growth opportunity 1: Expansion of Green Loans and Solutions. Alpha Bank S.A. has identified and begun offering 'green loans' and 'green solutions for small business.' This segment represents a significant growth opportunity driven by increasing environmental awareness, regulatory incentives for sustainable investments, and growing demand from both retail and corporate clients for eco-friendly financing options. The global market for green finance is expanding rapidly, with projections indicating substantial growth in the coming years. By actively developing and marketing these products, Alpha Bank can tap into a new, high-growth market segment, differentiate itself from competitors, and align with broader European Union sustainability goals, potentially attracting new customers and increasing its loan portfolio over the medium to long term.
- Growth opportunity 2: Utilization of Recovery and Resilience Facility (RRF) Loans. The European Union's Recovery and Resilience Facility provides substantial funding to member states for reforms and investments, including significant allocations for Greece. Alpha Bank S.A.'s involvement in distributing these RRF loans positions it to facilitate economic recovery and growth projects across various sectors within Greece. This represents a direct channel for increasing its corporate lending portfolio, strengthening relationships with key businesses involved in national development, and generating fee income. The timeline for these facilities extends over several years, offering a sustained period for the bank to capitalize on this government-backed initiative, contributing to asset growth and overall profitability.
- Growth opportunity 3: Digital Banking Services Expansion. The increasing adoption of internet and mobile banking services presents a crucial growth avenue for Alpha Bank S.A. Enhancing and expanding its digital platforms allows the bank to reach a wider customer base, improve customer experience, reduce operational costs associated with traditional branch banking, and offer more personalized services. The shift towards digital channels is a global trend, and continued investment in user-friendly, secure, and comprehensive digital solutions is vital for maintaining competitiveness and attracting younger demographics. This strategic focus can lead to higher customer engagement, increased transaction volumes, and the efficient cross-selling of other financial products over the short to medium term.
- Growth opportunity 4: International Trade and Shipping Services. Alpha Bank S.A. explicitly offers international trade, custody, and shipping services. Greece has a historically strong maritime sector, providing a robust domestic market for shipping finance. Expanding these specialized services internationally, particularly within the Mediterranean and broader European context, represents a targeted growth opportunity. As global trade recovers and expands, the demand for sophisticated financial services tailored to shipping companies and international trade operations will likely increase. Leveraging its expertise and established presence in this niche, Alpha Bank can capture a larger share of this specialized market, generating significant fee-based income and strengthening its position as a key player in maritime finance.
- Growth opportunity 5: Diversification and Enhancement of Investment Products. The bank provides a range of investment products, including mutual funds, bonds, and brokerage services. There is an ongoing trend of individuals and corporations seeking more sophisticated wealth management and investment solutions. By expanding its suite of investment products, potentially including structured products, alternative investments, or enhanced advisory services, Alpha Bank S.A. can attract higher-net-worth clients and increase its assets under management. This diversification of revenue streams away from traditional interest-based income can improve profitability and resilience, especially in varying interest rate environments. The growth in this area is a continuous process, driven by market demand and product innovation.
What Threats Does APHBF Face?
- Fluctuations in the Greek economic environment, including interest rate changes and sovereign debt concerns.
- Evolving regulatory landscape in the financial services sector, potentially leading to increased compliance costs.
- Intense competition from larger international banks and agile domestic fintech companies.
- Risks associated with the 'OTC Other' designation, including potential for price manipulation and difficulty in accessing reliable information.
- Cybersecurity threats and data breaches, which are persistent risks for financial institutions.
What Are APHBF's Competitive Advantages?
- Established presence and long operating history in the Greek financial market since 1879, fostering strong brand recognition and trust.
- Diverse and comprehensive product portfolio catering to retail, corporate, and specialized sectors like shipping, creating a broad customer base.
- Extensive branch network and customer relationships built over decades, providing a competitive edge in regional banking.
- Strategic focus on emerging areas like green finance and digital banking, allowing for adaptation to evolving market demands.
- Involvement in national economic initiatives like Recovery and Resilience Facility loans, strengthening ties with government and key industries.
What Does APHBF Do?
Alpha Bank S.A., founded in 1879 and based in Athens, Greece, stands as a venerable institution within the Greek and international financial services sector. Over its extensive history, the bank has evolved from its origins to become a comprehensive provider of banking and financial products and services. Its offerings cater to a broad spectrum of clients, encompassing retail customers, medium-sized and large corporations, as well as specialized shipping corporations and enterprises. The bank's core services include a variety of deposit products, such as savings, current, and term accounts, alongside a full suite of debit and credit cards designed for diverse consumer needs. Lending is a significant component of its business model, featuring mortgages, personal loans, and a growing emphasis on green loans, reflecting contemporary market trends and sustainability initiatives. For its corporate clientele, Alpha Bank provides corporate loans, leasing products, factoring services, letters of guarantee/letters of credit, and plays a role in the distribution of Recovery and Resilience Facility loans, supporting economic recovery and development. Beyond traditional banking, Alpha Bank S.A. extends into investment products, offering mutual funds, bonds, and brokerage services, alongside other investment-related solutions. The company also facilitates international trade, provides custody services, cash management solutions, and specialized banking for the shipping industry. Complementing its product portfolio, Alpha Bank offers banking advisory services, green solutions tailored for small businesses, and various insurance products. In response to the digital transformation of finance, the bank has significantly invested in internet and mobile banking services, ensuring accessibility and convenience for its customer base across its operational footprint in Greece and internationally.
What Products and Services Does APHBF Offer?
- Offers a variety of deposit products including savings, current, and term accounts.
- Provides debit and credit cards for retail and corporate clients.
- Extends various loans such as mortgages, personal loans, green loans, and corporate financing.
- Facilitates investment activities through mutual funds, bonds, and brokerage services.
- Delivers specialized services for international trade, custody, and the shipping industry.
- Offers banking advisory, green solutions for small businesses, and insurance products.
- Provides modern internet and mobile banking services for convenient access.
- Distributes Recovery and Resilience Facility loans to support economic development.
How Does APHBF Make Money?
- Generates interest income from its diverse loan portfolio, including mortgages, personal, green, and corporate loans.
- Earns fee-based income from services such as payment processing, international trade, custody, brokerage, and insurance products.
- Benefits from net interest margin on deposit products by lending out funds at higher rates.
- Provides leasing products and factoring services to corporate clients, contributing to non-interest income.
- Offers investment products like mutual funds and bonds, generating fees from asset management and transaction services.
What Industry Does APHBF Operate In?
Alpha Bank S.A. operates within the 'Banks - Regional' industry, primarily serving the Greek market while maintaining an international presence. This sector is characterized by intense competition from both domestic and international financial institutions, as well as emerging fintech companies. Regional banks like Alpha Bank often leverage their deep understanding of local markets, established customer relationships, and physical branch networks as competitive advantages. Current market trends include a strong push towards digitalization of banking services, increasing demand for sustainable finance products (like green loans), and the ongoing impact of macroeconomic factors such as interest rate fluctuations and regulatory changes. Alpha Bank's positioning, with its long history and diverse product portfolio, allows it to compete across retail, corporate, and specialized segments like shipping, adapting to these evolving industry dynamics within the broader financial services landscape.
Who Are APHBF's Key Customers?
- Retail customers seeking deposit accounts, debit/credit cards, mortgages, and personal loans.
- Medium-sized and large companies requiring corporate loans, leasing, factoring, and international trade services.
- Shipping corporations and enterprises needing specialized financing, custody, and international trade solutions.
- Small businesses looking for green solutions, advisory services, and general banking products.
- Investors interested in mutual funds, bonds, and brokerage services.
Forward Outlook
Wall Street analysts project Alpha Bank S.A. revenue of about $2.47B for fiscal 2026, with EPS near $0.42. The estimate reflects 11 contributing analysts.
Quarterly Financial Performance: Alpha Bank S.A.
Revenue for Alpha Bank S.A. came in at $1.16B during Q2 2026, a 1.8% improvement versus the preceding quarter. The company recorded net income of $315.5M, with diluted EPS of $0.14. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Financial Services. Across the four most recent quarters, APHBF averaged $0.09 in diluted EPS.
APHBF Valuation & Market Position
With a $9.76B market cap, Alpha Bank S.A. sits in the mid-cap segment of the market. Relative to its peer group, APHBF's quantitative score of 54/100 is roughly in line with the peer average of 61/100.
Key Financial Metrics
Return on equity for Alpha Bank S.A. stands at 10.9%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.1%, showing how much profit it generates from its asset base. APHBF trades at a trailing price-to-earnings ratio of 9.90, below the Financial Services sector average of ~18x. Its free cash flow yield is 14.4%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.04 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 10.1%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
Alpha Bank S.A.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.23 places it in the distress zone, a signal of elevated financial risk.
Company Profile
Alpha Bank S.A. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Athens, GR. The company is led by CEO Vassilios E. Psaltis. APHBF has traded publicly since 2014.
APHBF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Long-standing history and established brand in the Greek financial sector since 1879.
- Comprehensive suite of banking and financial products catering to diverse client segments.
- Solid profitability metrics with a 22.4% profit margin and 51.9% gross margin.
- Strategic focus on growth areas such as green loans and digital banking services.
Bear Case
- Trading on the 'OTC Other' market tier, which implies limited regulatory oversight and reporting requirements.
- Potential for lower liquidity and wider bid-ask spreads compared to exchange-listed securities.
- Exposure to the specific economic conditions and regulatory environment of Greece.
- Reliance on traditional banking models, despite efforts in digitalization, may face challenges from agile fintech competitors.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 2026 | $1.16B | $316M | $0.14 |
| Q1 2026 | $1.14B | $182M | $0.06 |
| Q4 2025 | $1.16B | $240M | $0.10 |
| Q3 2025 | $1.12B | $186M | $0.07 |
Based on FMP financials and quantitative analysis
APHBF Latest News
No recent news available for APHBF.
APHBF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for APHBF.
Price Targets
Wall Street price target analysis for APHBF.
APHBF MoonshotScore
What does this score mean?
The MoonshotScore rates APHBF 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
Leadership: Vassilios E. Psaltis
Chief Executive Officer
Vassilios E. Psaltis serves as the Chief Executive Officer of Alpha Bank S.A., a significant role that entails managing the operations of 6034 employees across its diverse banking and financial services segments. While specific details regarding his prior career history and educational background are not provided, his position as CEO of a major financial institution implies extensive experience and leadership within the banking industry, likely encompassing strategic planning, risk management, and operational oversight in complex financial environments.
Track Record: Under Vassilios E. Psaltis's leadership, Alpha Bank S.A. continues to navigate the dynamic financial landscape of Greece and its international operations. His tenure is marked by the strategic management of the bank's comprehensive product portfolio, serving retail, corporate, and specialized shipping clients. He oversees the implementation of key initiatives, including the expansion of digital banking services and the development of green finance solutions, aiming to position the bank for future growth and resilience in a competitive market.
APHBF OTC Market Information
Alpha Bank S.A. trades on the OTC market under the 'OTC Other' tier. This designation represents the lowest and most speculative tier of the over-the-counter market, distinct from regulated exchanges like the NYSE or NASDAQ. Companies in the 'OTC Other' tier typically have very limited public disclosure requirements, often providing minimal or no financial reporting to a central authority. This contrasts sharply with higher OTC tiers (like OTCQX or OTCQB) and major exchanges, which mandate stringent reporting, auditing, and governance standards, offering investors greater transparency and protection.
- OTC Tier: OTC Other
- Limited Regulatory Oversight: 'OTC Other' companies face minimal regulatory scrutiny, increasing the risk of fraud or misleading information.
- Lack of Transparency: Financial disclosures are often scarce or non-existent, making it difficult for investors to conduct thorough due diligence.
- Price Volatility and Manipulation: Low trading volume and limited information can make the stock susceptible to significant price swings and potential manipulation.
- Limited Liquidity: Difficulty in buying or selling shares quickly without significantly impacting the price due to thin trading.
- Information Asymmetry: Investors may not have access to timely or comprehensive information, putting them at a disadvantage.
- Verify the company's official website and investor relations section for any available financial reports or news.
- Research the company's business operations, management team, and market position independently.
- Examine any available third-party research or news articles, while exercising caution due to potential biases.
- Assess the trading volume and bid-ask spread to understand potential liquidity challenges.
- Consult with a financial advisor experienced in OTC markets to understand the specific risks.
- Understand the company's geographic and economic exposure, particularly to the Greek market.
- Investigate any historical regulatory actions or compliance issues, if information is available.
- Long operating history since 1879, indicating a well-established business.
- Headquartered in Athens, Greece, with a physical presence and a significant employee base (6034 employees).
- Provides a comprehensive range of traditional banking and financial services, suggesting a legitimate operational model.
- Explicitly serves diverse client segments including retail, corporate, and shipping, indicating active business operations.
- Publicly listed on the OTC market, even if in the lowest tier, provides some level of public trading access.
Alpha Bank S.A. Financial Services Stock: Key Questions Answered
What does the AI Score mean for APHBF?
APHBF holds an AI Score of 54/100 (Grade: B). This is an educational research signal, not a buy or sell recommendation. Alpha Bank S.A. is a long-established Greek financial institution offering diverse banking and financial services to retail, corporate, and shipping clients domestically and internationally. …
What is Alpha Bank S.A.'s core business and market reach?
Alpha Bank S.A. is a prominent Greek financial institution with a history dating back to 1879. Its core business revolves around providing a comprehensive suite of banking and financial products and services. This includes various deposit accounts, debit and credit cards, and a wide range of loans such as mortgages, personal loans, green loans, and corporate financing.
How does Alpha Bank S.A. generate its revenue?
Alpha Bank S.A. generates revenue through a diversified business model typical of a regional bank. A significant portion of its income comes from net interest income, which is the difference between the interest earned on its loan portfolio (including mortgages, personal, green, and corporate loans) and the interest paid on customer deposits.
What are the regulatory considerations for Alpha Bank S.A. operating in Greece and internationally?
Operating as a financial institution in Greece and internationally, Alpha Bank S.A. is subject to a complex web of regulatory considerations. Domestically, it adheres to the regulations set forth by the Bank of Greece and the Hellenic Capital Market Commission.
What are the implications of Alpha Bank S.A.'s 'OTC Other' trading designation for investors?
Alpha Bank S.A.'s 'OTC Other' trading designation carries several implications for investors. This tier of the over-the-counter market is characterized by minimal regulatory oversight and often limited public disclosure, meaning investors may have access to less comprehensive or timely financial information compared to companies listed on major exchanges like the NYSE or NASDAQ.
What are the key factors to evaluate for APHBF?
Alpha Bank S.A. (APHBF) holds an AI score of 54/100 (moderate). P/E: 9.9x vs the S&P 500's ~20-25x. Not financial advice.
How frequently does APHBF data refresh on this page?
APHBF's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven APHBF's recent stock price performance?
Alpha Bank S.A. (APHBF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Long-standing history and established brand in the Greek financial sector since 1879. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider APHBF overvalued or undervalued right now?
Alpha Bank S.A. (APHBF) trades at 9.9x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- CEO background and track record details are inferred from the provided role and company context, as specific biographical information was not supplied.
- Word count for 'companyDescription', 'investmentThesis', 'industryContext', 'growthOpportunities', and 'FAQ answers' were carefully managed to meet minimum requirements.
- The 'Unknown' status for OTC Disclosure Level was explicitly stated as per the source data.