Guaranty Trust Bank declares N142.28bn as profit in Q3’20

The Unaudited financial report of Guaranty Trust Bank for the period ended 30, September 2020 was published on Thursday, 19 November 2020.

Gross Earnings for the nine months period was N329.95 billion, up by 1.20% from N326.03 billion.

GT Bank declared profit after tax of N142.28 billion, down by 3.20% from N146.99 billion reported in Q3’19.

Earnings per share (EPS) for the period under review dropped to N4.83 from the EPS of N4.99 in Q3’19.

With reference to the share price of N35.8, the P.E ratio of 7.41x is calculated for Guaranty Trust Bank with earnings yield of 13.5%

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