Results & Dividends

BN HOLDINGS H1 2023: Strong Operating Performance & Revaluation Gains Support Profit Growth

July 21, 2023/CSL Research FBNH H1 2023 unaudited numbers showed strong growth in both Interest and Non Interest Income. Interest Income was up 69.3% y/y driven by growth in Interest Income on both Investment Securities and Loans. Net Loans to customers were up 38.9% (including the impact of devaluation) in […]

FBN Holdings Plc H1-23: Sturdy Non-Core Income Drives Profitability Growth

July 21, 2023/Cordros Report FBN Holdings Plc (FBNH) published its unaudited H1-23 financial statements after the close of business yesterday, reporting a remarkable growth in its EPS (+234.8% y/y) to NGN5.19/s (vs NGN1.55/s in H1-22). The group’s earnings growth in the period was supported by the increase across the funded […]

First Bank Nigeria Holdings H1 23 Results Analysis

July 21, 2023/Research & Strategy Futureview Financial Services 1WK 4WK 3MO 6MO 1YR YTD +3.44% +13.2% +72.7% +55.6% +65.6% +65.6% FIRST BANK NIGERIA HOLDINGS H1 2023 ANALYSIS KEY LIEN ITEMS in MILLIONS H1 2022 H1 2023 Y/Y Interest Income         226,353.00          383,286.00 69% Interest Expense           73,441.00          145,956.00 […]