The Results for the First Quarter ended March 31, 2019, released by the bank that blazed the trail in digital banking in Nigeria revealed that the group grew its profit after tax by 6.70% from N47billion in Q1’18 to N50billion in the current period under review.
The Gross Earnings for the period under review however declined by 6.55% to close at N158billion below N169billion reported same period last year while the reported Net interest income of the company soared by 23% from the previous N69.992billion to N86.137billion in the current period.
Zenith Bank Shareholders’ earnings per share grew by 6.70% from N1.50 to N1.60
At a reference price of N21.00 it currently trading on the floor, the company’s PE Ratio stands at 13x with earnings yield of 7.66%.