Diamond Bank has also released its Q1 2018 financial statements for the year ended 31 March 2018.
Here are the key highlights of the reports
Revenue
The bank reported interest income of ₦38.13 billion for the quarter ended 31st March 2018 as against ₦38.65 billion recorded during Q1 2017. This represents a 1% decline in interest income.
Profit Before Tax
Profit before tax was ₦1.25 billion in Q1 2018 as against ₦5.05billion in Q1 2017. This represents a 75% decrease.
Profit After Tax
Profit after tax for the quarter ended 31st March was ₦784 Million as against ₦4.29 billion recorded in Q1 2017.
Earnings per Share
The earnings per share for the quarter ended 31st March 2018 is 15 kobo as against 16 kobo in Q1 2017.
Current Share Price
Diamond Bank closed trading today at ₦1.90 with a 1-year return of 90.00%.