Stanbic IBTC Holdings on Thursday released its audited financial report for the period ended, 31 December 2019.
The Holding company posted a gross earnings of N233.81 billion, up by 5.15% from N222.36 billion recorded in 2018.
Profit before tax grew by 3.15% to settle at N90.93 billion away from N88.15 billion reported in 2018.
Stanbic IBTC posted a profit after tax of N75.035 billion, up by 0.80% when compared to the profit after tax of N74.440 billion in 2018.
The earnings per share of the firm for the period under review stands at N7.14, up by 0.8% from the EPS of N7.09 in 2018.
With reference to the share price of N32.50, the PE ratio of Stanbic IBTC stands at 4.55x with earnings yield of 21.98%.
A Final Dividend of N2.00 (Two Naira) per ordinary share of 50 kobo each, amounting to N21,009,934,716, subject to deduction of appropriate withholding tax and approval, will be paid to shareholders whose names appear in the Register of Members as at the close of business on Wednesday 18 March 2020.
The Register of Shareholders will be closed from Thursday 19 March 2020 to Thursday 26 March 2020.
On Thursday 18 June 2020, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at close of business on Wednesday 18 March 2020 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their Bank accounts.