FBN Holdings today released its financial statements for the year ended December 2017.
Here are the key highlights of the results;
Revenue
The bank reported Gross Earnings of ₦595 billion for the year ended December 2017 compared to ₦581 billion reported for the period ended December 2016. This represents a 2.4% increase year on year.
Profit Before Tax
Profit before tax for the company was ₦56.8 billion for the year ended December 2017, a 148% increase from the ₦22.9 billion reported a year earlier.
Profit After tax
The Group’s profit after tax for the year ended December 2017 was ₦47.7 billion compared to ₦17.1 billion reported a year earlier. This represented a 178% increase year on year.
Earnings Per Share
FBN Holding also reported earnings per share of N1.21 for the year compared to the 39 kobo reported as at the year ended December 2016. This represents a 210% increase year on year.
Dividend declared
The Company declared a dividend of 25 kobo per share for the year.