First Bank

FBN Holdings has released its results for the third quarter ended September 30, 2018. Here are key highlights of the results

Interest Income

Interest income dropped from N356 billion in 2017 to N337 billion in 2018. This represents a 5.3% drop year on year.

Profit Before Tax

Profit Before Tax dropped from N55.4 billion in 2017 to N51.3 billion in 2018. This represents a 7.4% drop year on year.

Profit After Tax

Profit after tax dropped from N45.8 billion in 2017 to N44.9 billion in 2018. This represents a 1.9% decrease year on year.

Earnings Per Share

Earnings per share remained flat at N1.22 unchanged from the prior year in 2017.

Current Share Price

FBN closed at N9.20 in today’s trading session on the NSE.

DOWNLOAD FBN HOLDINGS Q3 2018 RESULTS

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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