Results & Dividends

FBN HOLDINGS Plc FY 2022 Initial Impression: Higher Cost Subdue Bottom-line

June 2, 2023/InvestmentOne Report Gross revenue of N805.13billion, up 37.13%q/q, up 6.32%y/y.          Net interest income of N363.25billion, up 17.69%q/q, up 59.15%y/y. Profit before tax of N157.90billion, up 31.79%q/q, down 5.26%y/y. Profit after tax of N136.31billion, up 29.80%q/q, down 9.86%y/y. The long-awaited FY 2022 financial result for FBN Holdings was […]

FBN Holdings Plc FY 2022: Strong Growth in Interest Income

June 2, 2023/CSL Research After a long wait, FBNH finally released FY 2022 audited numbers. Interest Income was up 49.6% y/y and 11% ahead of our forecast, driven by growth in Interest Income on Loans and advances due to an improvement in earnings yield. Net Loans to customers were up […]

FBN Holdings Plc Q1-23: Core and Non-Core Income Supports Earnings Growth

June 2, 2023/Cordros Report FBN Holdings Plc (FBNH) published its Q1-23 unaudited financial report this morning, revealing double-digit expansions across its core (+64.1% y/y) and non-core (+11.8% y/y) income lines. Consequently, the group’s EPS grew markedly by +55.1% y/y to NGN1.38 in Q1-23. The group recorded a 64.1% y/y growth […]