First Bank declares N40.79bn profit in Q3 2021

First Bank of Nigeria Holdings on Monday published its audited third quarter for the period ended 30 September 2021.

Gross Earnings of N427.397 billion was achieved for the nine months period, down by 2.85% from N439.923 billion recorded the previous year.

Profit after tax of N40.791 billion was reported for the nine months period, down by 40.15% from N68.156 billion.

Earnings per share (EPS) of the Holding Company for the period under review stands at N1.14, down by 40.15% from the EPS of N1.90 achieved in Q3 2020.

At the share of N11.70, the P.E of First Bank of Nigeria Holdings stands at 10.30x with earnings yield of 9.71%.


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