November 18, 2024/Cordros Report In this report, we review our estimates and update our views on Zenith Bank Plc (ZENITHBANK) for 2024E, following the release of the bank’s 9M-24 earnings. ZENITHBANK delivered impressive top- and bottom-line growth in the period propelled by increases across the bank’s funded and non-funded income […]
Results & Dividends
Guaranty Trust Holding Company Plc 9M-24: Operational Efficiency Spurs TP Upgrade
November 18, 2024/Cordros Report The financial performance of Guaranty Trust Holding Company Plc (GTCO) in 9M-24 was impressive, with the HoldCo’s earnings crossing NGN1.00 trillion mark. The performance was driven by the strong growth across the group’s core and non-core income lines, reflective of the high interest rate environment and […]
FBN Holdings Plc 9M-24: Solid Funded and Non-Funded Income to Sustain Topline Growth
November 18, 2024/Cordros Report In this report, we update our views on FBN Holdings Plc (FBNH). FBNH reported a 125.1% y/y surge in EPS in their recently released 9M-24 financials, driven by substantial increases across the group’s core (+164.6% y/y) and non-core (+82.4% y/y) income lines. The significant growth in […]
