Sterling Financial Holdings Company Plc, the parent Company of Sterling Bank on Tuesday published its Audited Financial Statement for the year ended 31 December 2023.
The Financial Institution reported Gross Earnings of N221.77 billion for the 12 months period, up by 26.63% from N175.14 billion reported in FY 2022.
Profit after tax of N21.584 billion was achieved for the period under review, up by 11.85% from N19.298 billion profit reported the previous year.
Earnings per share of the Group stands at 75 kobo.
At the share price of N4.2, the P/E ratio of Sterling Financial Holdings Company stands at 5.60x with earnings yield of 17.85%.
No dividend was declared for 2023 financial year.