First Bank reports N180.47bn as Gross Earnings in Q1 2022, PAT rises by 107.71%

First Bank of Nigeria Holdings on Thursday published its First Quarter report for the 3 months ended 31, March 2022.

The financial institution achieved significant growth in its top line and bottom line figures for the period under review.

Gross Earnings of N180.471 was achieved for the 3 months period, up by 32.17% from N136.549 billion achieved the in Q1 2021.

Profit after tax grew year on year by 107.71% to N32.4 billion from N15.6 billion reported the previous year.

Earnings per share of the Holding Company stands at 90 kobo, up by 107.71% from the EPS of 43 kobo reported in Q1 2021.

At the share price of N10.75, the P/E ratio of FBNH stands at 11.91x with earnings yield of 8.40%.

Source: First Bank reports N180.47bn as Gross Earnings in Q1 2022, PAT rises by 107.71% – StocksWatch (stocksng.com)

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