FBN Holdings Plc records N1.57tn Gross Earnings, grows profit by 95.16% in Half Year 2024

FBN Holdings Group Plc (parent company of First Bank Nigeria) on Tuesday published its Second Quarter report for the period ended 30 June 2024.

The Financial Institution recorded Gross Earnings of N1.568 trillion for the 6 months period, up by 112.09% from N739.091 billion.

Profit after tax of N365.3 billion was reported for the 6 months period, up by 95.16% from N187.176 billion reported the previous year.

Earnings per share of FBNH stands at N10.18.

At the share price of N20, the P/E ratio of FBN Holdings stands at 1.97x with earnings yield of 50.88%.

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