FCMB reports N208.53bn as turnover, PAT rises by 6.54% in Q4 2021

First City Monument Bank (FCMB) on Wednesday published its Fourth Quarter report for the year ended 31 December 2021. The result shows year on year growth in the Bank’s top line and bottom line figures.

Gross Earnings of N208.528 billion was reported for the 12 months period, up by 4.56% from N199.439 billion reported the previous year.

Profit after tax grew year on year by 6.54% to N20.89 billion from N19.61 billion reported the previous year.  Earnings per share of FCMB Group for the period under review stands at N1.06.

At the share price of N3.04, the P/E ratio of FCMB stands at 2.88x with earnings yield of 34.71%.

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