Sterling Bank grows FY 2021 profit to N13.52bn, declares 10 kobo dividend

Sterling Bank Plc in its published Audited Financial Statement for the year ended 31 December 2021 declared 10 kobo dividend to its shareholders.

The Bank reported a turnover of N142.316 billion for the 12 months period, up by 4.77% from N135.835 billion reported in FY 2020.

Profit after tax grew by 20.22% to N13.515 billion from N11.242 billion reported the previous year.

Earnings per share of the Bank stands at 47 kobo, up by 20.22% from the EPS of 39 kobo reported the previous year.

At the share price of N1.51, the P/E ratio of Sterling Bank stands at 3.22x with earnings yield of 31.09%.

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