FBN Holdings Plc, parent Company of First Bank of Nigeria on Thursday published its Unaudited Financial Statement for the year ended 31 December 2023. The result shows significant growth in the Group’s top line and bottom line figures, year on year.
The Financial Institution achieved Gross Earnings of N1.87 trillion for the 12 months period, up by 132.02% from N804.95 billion achieved the previous year.
Profit after tax grew year on year by 127.57% to N309.888 billion from N136.173 billion reported the previous year.
Earnings per share of the Group stands at N8.63.
At the share price of N23.85, the P/E ratio of FBN Holdings stands at 2.76x with earnings yield of 36.20%.