Sterling Bank Plc in its third quarter financial report for the period ended September 30, 2019 recorded a Profit after Tax of N7.58 billion, down by 7.64% from N8.21 billion recorded in the third quarter of 2018.
Gross Earnings for the period under review was N113.04 billion, down by 1.34% from N114.58 billion reported in the third quarter of 2018.
Earnings per share declined to N0.26 from the previous earnings per share of N0.29 in the third quarter of 2018.
With reference to the share price of N2, the P. E ratio of Sterling Bank stands at 7.6x with earnings yield of 13.16%.