Access Bank, one of the leading financial Institutions in Nigeria released its Third Quarter 2018 Financial Statement on the 22nd of October 2018.
The Bank unaudited financial report for the year ended, September 30, 2018, revealed a 11.55% rise in its profit-after-tax (PAT), closing at N62.9 billion in the current period under review from the previous close of N56.3 billion of the corresponding period in Q3’2017.
The financial institution’s topline profit stands at N274 billion in Q3’2018 above N245 billion recorded in Q3’2017, implying a growth of 11.64%.
The earnings per share also appreciated by 11.55% to close at N2.17 from the previous EPS of N1.94 in the corresponding quarter in 2017
The current period’s PE Ratio is at 3.68x and the earnings yield at 27.18% reference stock price of N8.00 at the day of computation.