FCMB reports N13.8bn profit in Q3 2021

First City Monument Bank on Tuesday published its third quarter report for the period ended 30 September 2021.

The Bank reported Gross Earnings of N149.467 billion for the nine month period, up by 2.08% from N146.426 billion reported the previous year.

Profit after tax of N13.805 billion was reported in Q3 2021, marginally down by 0.71% from N13.903 billion reported in Q3 2020.

Earnings per share (EPS) of the Bank for the period under review stands at 70 kobo, same as the EPS reported in Q3 2020.

At the share price of N3.05, the P.E ratio of FCMB stands at 4.38x with earnings yield of 22.86%.

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