Nairametrics
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Ranking & Reviews
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • General News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Industries Financial Services

FCMB Group Plc declares N13.8 billion PAT in 9-months 2021, as earnings per share prints 70 kobo

Chidi Emenike by Chidi Emenike
November 24, 2021
in Financial Services, Spotlight
FCMB Group Plc declares N13.8 billion PAT in 9-months 2021, as earnings per share prints 70 kobo
Share on FacebookShare on TwitterShare on Linkedin

FCMB Group Plc released its unaudited results for the nine months period ended 30th of September, 2021.

According to the results filed with the Nigerian Exchange Limited (NGX), the Group posted a bottom line of N13.8 billion, as earnings per share printed 70 kobo during the period under review.

Key highlights of the result

  • Gross revenue grew marginally by 2% Y-o-Y to N149.4 billion, as against N146.4 billion recorded in the same period of last year.
  • Net interest income declined by 4% Y-o-Y to N65.4 billion, compared to N68.1 billion recorded in the corresponding period of last year. The decline was significantly impacted by a decrease in the Net Interest Margin of the bank, which dropped to 6.9% from 7.6% recorded last year.
  • Non-interest income rose by 17.3% Y-o-Y to N31.7 billion from N27 billion recorded in the same period of last year. The growth in the Non-interest income was driven by the surge recorded in digital banking fees (+50% Y-o-Y), as more customers were migrated to alternate channels.
  • Operating expenses rose by 11% Y-o-Y to N73.2 billion. The increase was largely due to increased regulatory costs which accounted for 44% of total cost growth.
  • Net impairment loss on financial assets decreased by 39.4% Y-o-Y to N8.1 billion.
  • Profit after tax dropped slightly by less than 1% Y-o-Y to N13.8 billion during the period under review. However, on a quarterly basis, the group recorded a 57% surge in its bottom line to N6.2 billion from N4 billion recorded in Q2 2021.
  • Loans and advances grew by 22% Y-o-Y to N967.6 billion.
  • Customers deposits rose by 18% Y-o-Y to N1.4 trillion.
  • Total assets increased by 19% Y-o-Y to N2.42 trillion.
  • Earnings per share printed 70 kobo.

About FCMB Group Plc

FCMB Group Plc is a bank-led financial services group, headquartered in Lagos, Nigeria, with operating companies divided along three business groups; Commercial and Retail Banking, Corporate & Investment Banking and Investment Management. As of press time, the group has an outstanding 19,802,710,781 ordinary shares held by over 516,000 shareholders.

Related

Tags: FCMB Group PlcNigerian Exchange Limited (NGX)

Comments 1

  1. Otito says:
    November 25, 2021 at 4:19 pm

    How come the result is still unaudited (considering the group’s notice of delay due to interim audit)?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Access Bank
Bankers Committee
Flowmono

Bfpeer
Mega Millions
FCMB
Ikeja Electrics
Zenith CEX
Kwakol Markets
First bank





    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • President Buhari appoints Nwabuoku to oversee office of Accountant-General of the Federation
    • US stock market top gainers for the third week in May
    • Top Crypto: KNC posted 60% gains in the last seven days

    Follow us on social media:

    Recent News

    Idris Ahmed

    President Buhari appoints Nwabuoku to oversee office of Accountant-General of the Federation

    May 22, 2022
    U.S stock market gainers for the week

    US stock market top gainers for the third week in May

    May 22, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Ranking & Reviews
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • General News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com