Wema Bank Plc recently released its Fourth Quarter report for the year ended 31 December 2021.
The Financial Institution performed significantly well for the year under review as it achieved growth in its topline and bottom line figures.
Gross Earnings of N91.302 billion was reported for the 12 months period, up by 12.19% from N81.383 billion reported the previous year.
Profit after tax grew year on year by 93.72% to N8.867 billion from N4.577 billion reported the previous year.
Earnings per share of Wema Bank increased by 93.72% to 23 kobo from the EPS of 12 kobo achieved in Q4 2020.
At the share price of N0.85, the P/E ratio of Wema Bank stands at 3.7x with earnings yield of 27.04%.