The big elephant’s impairment charge continue to be on the watch list as investors continue to remain cautious until a clear path is sure. The Nigerian foremost lender released its financial results for the period ended 30th September 2018 on Thursday, 25th of October, 2018, recording N337.6 billion in gross earnings, which is a decline of 5.20% from the previous close of N356.1 billion in the third quarter of 2017.
Profit after Tax also declined marginally by 1.95% for the period under review to N44.95 billion from the previous close of N45.84 billion in the third quarter of 2017.
The earnings per share of FBNH was short of projections at N1.25, declining by 1.95% from the previous EPS of N1.28 in the third quarter of 2017.
With the reference price of N9.40, the P.E ratio of the Holding company is 7.51x with the earnings yield of 13.32%.