UBA hits N2.398 trillion gross earnings in 9 months, grows PAT by 16.92%

United Bank for Africa (UBA) on Monday published its Third Quarter report for the period ended 30 September 2024.

The Group recorded Gross Earnings of N2.398 trillion for the 9 months period, up by 83.21% from N1.309 trillion reported the previous year.

Profit after tax of N525.313 billion was reported for the 9 months period, up by 16.92% from N449.296 billion profit after tax reported the previous year.

With share outstanding of 34,199,421,368 relative to the profit after tax of N525.313 billion, the Earnings per share (EPS) of UBA stands at N15.36.

At the share price of N25.4, the P/E ratio of UBA stands at 1.65x with earnings yield of 60.47%.

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