First Bank of Nigeria Holdings grows PAT by 48.6% in HY 2022

First Bank of Nigeria Holdings Plc on Friday published its Second Quarter report for the period ended 30 June 2022.

The report revealed 22.38% growth in the Gross Earnings of the Group to N359.305 billion from N293.586 billion reported the previous year.

Profit after tax grew year on year by 48.6% to N56.536 billion from N38.045 billion reported the previous year.

Earnings per share (EPS) of the Holding Company for the 6 months period stands at N1.58, up by 48.6% from the EPS of N1.06.

At the share price of N11, the P/E ratio of First Bank of Nigeria Holdings Plc stands at 6.98x with earnings yield of 14.32%.

Source: First Bank of Nigeria Holdings grows PAT by 48.6% in HY 2022 – StocksWatch (stocksng.com)

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