Sterling Bank reports N68.61bn Gross Earnings, PAT rises by 5.10%

The Half Year report of Sterling Bank for the period ended 30 June 2021 shows year on year growth in the bank’s topline and bottom line figures.

Gross Earnings of N68.609 billion was reported for the six months period, up by 2.49% from N66.943 billion reported the previous year.

Profit after tax was up by 5.10% to N5.691 billion from N5.415 billion reported the previous year.

Earnings per share (EPS) of the Bank increased to 20 kobo from the EPS of 19 kobo achieved the previous year.

At the share price of N1.54, the P.E ratio of Sterling Bank stands at 7.79x with earnings yield of 12.84%.

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