Stanbic IBTC reports N55.19bn as profit in Q3 2022

Stanbic IBTC Holdings Plc in the Third Quarter of 2022 achieved year on year growth in its revenue and profit after tax.

Gross Earnings of N208.26 billion was achieved for the 9 months period, up by 41.20% from N147.496 billion achieved the previous year.

Profit after tax grew year on year by 38.14% to N55.185 billion from N39.949 billion reported in Q3 2021.

Earnings per share of the financial institution stands at N4.26, up by 38.14% from the EPS of N3.08 achieved the previous year.

At the share price of N28, the P/E ratio of Stanbic IBTC stands at 6.57x with earnings yield of 15.21%.

Source: Stanbic IBTC reports N55.19bn as profit in Q3 2022 – StocksWatch (stocksng.com)

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