First Bank of Nigeria Holdings (FBNH) on Monday released its audited financial report for the period ended 31 December 2019.
The holding company posted a gross earnings of N627 billion, up by 6.74% when compared to N587 billion reported in 2018.
Profit before tax rose by 30.92% to settle at N83.595 billion from N63.853 billion reported in 2018.
The financial giant grew its Profit after tax to N73.67 billion, which represents a growth of 26.50 percent from the Profit after tax of N58.23 billion reported in 2018 year end.
Earnings per share of the holding company for the period under review stands at N2.05, up by 26.5% when compared to the previous earnings of N1.62 in 2018.
With reference to the share price of N4, the P.E ratio of FBNH stands at 1.95x with earnings yield of 51.25 percent.
Annual General meeting is scheduled to be held by proxy on Monday, April 27, 2020.
Dividend will be paid electronically on Tuesday, April 27 to members whose names appear in the register of members at close of business on April 20, 2020.