First Bank of Nigeria Holdings on Wednesday published its audited report for the year ended 31 December 2021.
The report shows significant growth in the Group’s topline and bottom line figures, year on year.
Gross earnings of N757.296 billion was reported for the 12 months period, up by 28.21% from N590.663 billion reported the previous year.
Profit after tax grew year on year by 68.37% to N151.079 billion from N89.73 billion reported in FY 2020.
Earnings per share of the Holding Company stands at N4.21, up by 68.37% from the EPS of N2.50 achieved the previous year.
At the share price of N10.55, the P/E ratio of FBNH stands at 2.51x with earnings yield of 39.89%
The Board of Directors of the Holding Company recommended a dividend of 35 kobo per ordinary share of 50 kobo each, amounting to N12,563,352,477