Tier one lender FBN Holdings has released its full year 2018 results. Here are highlights of the results.
Gross Earnings
Gross earnings dipped slightly from N595 billion in 2017 to N583 billion in 2018. This marks a 2% decline year on year.
Profit before tax
Profit before tax, however, rose from N54.5 billion in 2017 to N65.2 billion in 2018. This amounts to a 19.6% increase year on year.
Profit after tax
Profit after tax (from continuing operations) rose from N45.4 billion in 2017 to N59.7 billion in 2018. This marks a 31.4% increase year on year.
Earnings per share
Earnings per share rose from N1.15 in 2017 to N1.65 in 2018. This amounts to a 43.4% increase year on year.
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Any plans for dividend payouts?
Yes. A dividend of 26 kobo was declared.
Oh that’s an improvement from lprevious year’s 10kobo dividend. By and large my FBHN purchase in 2014 was a bad decision. The stock has lost it’s glory with the Hold on structure baggage. Doesn’t seem like there’s gonna be any significant improvement in years to come. Hopefully, one can pull out with out losses in the near future.
Holdco structure baggage*
Thanks for the info.
Any news about companies that will pay dividends this year?
Any plans for dividend payouts? It took them quite some time to announce results. Well done FBNH.
FBNH should do better improving on dividend payouts subsequent years ends!
FBHN SHOULD DO BETTER ON IMPROVING ON DIVIDEND PAYOUT THAT IS SO SLOW AND DRAGGING!!!E.G.10K,15K,20K,25K,ETC AS COMPARED TO BETTER BANKS THAT ARE PAYING 2.75K, 2 .45 K 65 K ETC TO THE ESTEEM SHAREHOLDERS E.G.ZENITH,UBA,TANBIC BANKS.WHAT A SHAME!YOU DISAPPOINT YOUR SHAREHOLDERS BY THEIR INVESTMENTS WITH BAD DIVIDEND OVER YRS THAT YOU RETURNED TO THEM!!!
FBHN STOP RIDICULOUS PAYMENTS OF VERY POOR DIVIDEND!!!KOBO,NOT NAIRA!!!,DESPITE HUGE COMMITMENTS BY YOUR ESTEEMED INVESTORS AND SHAREHOLDERS!!!
FBHN STOP RIDICULOUS PAYMENTS OF VERY POOR DIVIDEND!!!KOBO,NOT NAIRA!!!,DESPITE HUGE COMMITMENTS BY YOUR ESTEEMED INVESTORS AND SHAREHOLDERS!!!
FBHN has a strategic objective to write off it’s impaired assets which is around 358b as at 2018 year end, this write off began some 3years ago when the toxic asset stood at abt 500b. Looking into it’s 2018 report, FBN wrote off abt 83b as impaired losses. Ploughing back this, it implies the that bank made abt 142.7b as PAT in real terms. Most of the banks reporting tripple digits PAT have little or zero impaired Losses write off on their income statement for the year. This move by FBHN is centered on the quality of assets carried by the bank which will in the long run improve the value of shareholders wealth in the capital market. In the end, MPS will improve n DPS will become competitive. I implore shareholders to hold on. He that laughs last laughs best.