Results & Dividends

GTBank Q4 20 Results Review: Conservative FY ’21f PBT Guidance

April 14, 2021/Proshare by FBNQuest Research Price target unchanged due to 100bp upward revision to risk-free rate GTBank management has guided to a FY ’21 PBT of NGN243bn (+2% y/y). Excluding last year when PBT was broadly in line with guidance, the bank’s earnings have exceeded guidance by at least […]

FBN Holdings FY-2020 Audited Financial Result: …Lessons learnt?

April 13, 2021/United Capital Report Earlier, FBN Holding Plc (“FBNH” or “The Bank”) released its FY-2020 results, showing a 1.9% y/y decline in Gross Earnings (GE) to N590.4bn. Hesitant top line growth was driven by weaker Interest income which fell 10.9% y/y to N384.8bn amid lower asset yields. Interestingly, PBT […]