Diamond Bank Plc 2014 Full Year results
Revenue
The bank reported a Net Interest Income of N109.5billion and a 4.73% gain compared to the N104.6billion reported in 2013.
Profitability
The bank reported a pre-tax profits of N28.1billion representing a 12.4% drop compared to the N32 billion reported in 2013. Profit after tax was flat at N28.1billion representing a 10.7%drop compared to the N28.5 billion reported a year earlier. The drop in profits can be attributed to higher interest expenses, operating expenses and loan losses.
Shareholders
Diamond Bank also reported an earnings per share of N1.66 representing a 15.8% drop in N1.97. The bank also reported diluted earnings per share of N1.43 compared to N1.7 reported in 2013. Diamond Bank also reported a dividend per share of 10kobo compared to 30kobo a year earlier. Closure of register is fixed for 16th to April 17th 2015. Dividend payout is therefore 6%.
