- Gross Earnings grew year on year by 91.01%
Wema Bank Plc has recorded significant growth in its top line and bottom line figures for the year ended 31 December 2024.
The Financial Institution reported Gross Earnings of N433.43 billion for the 12 months period, up by 91.01% from N226.91 billion reported the previous year.
Profit after tax grew year on year by 139.74% to N86.28 billion from N35.99 billion reported in FY 2023.
With the Shares Outstanding of 21,430,178,125 relative to the profit after tax of N86.28 billion, the Earnings per share of Wema Bank stands at N4.03.
At the share price of N10.70, the P/E ratio of Wema Bank stands at 2.66x with earnings yield of 37.63%.