Wema Bank reports N95.35bn Gross Earnings, PAT rises by 31.19% in Q3 2022

Wema Bank Plc in the Third Quarter of 2022 reported Gross Earnings of N95.354 billion for the 9 months period. This represents a growth of 51.17% from N63.077 billion reported the previous year.

Profit after tax grew year on year by 31.19% to N8.18 billion from N6.235 billion reported in Q3 2021.

Earnings per share of Wema Bank stands at 64 kobo.

At the share price of N3.28, the P/E ratio of Wema Bank stands at 5.16x with earnings yield of 19.40%.

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