First Bank of Nigeria Holdings (FBNH) on Friday published its Fourth Quarter report for the year ended 31, December 2020.
The big elephant reported a Profit after Tax of N79.708 billion in the 12 month period of 2020, up by 8.20% compared to the profit of N73.665 billion reported in 2019. Earnings per share increased to N2.22 from the EPS of N2.05 which translates to 8.20% growth year on year.
The report revealed a gross earnings of N570.340 billion for the period under review, down by 2.66% from N585.931 billion in 2019.
At the share price of N7.6, the P.E ratio of FBNH stands at 3.42x with earnings yield of 29.22%.