May 10, 2021/Proshare by FBNQuest Research Upgrading to Outperform from Neutral Total’s Q1 ’21 results provide a solid perspective for the rest of this year. Total posted earnings of NGN3.0bn (up +90% q/q) which compare with losses after tax of -N163m in Q1 ’20. Cheaper financing and a -12% y/y […]
Results & Dividends
FBN Holdings Plc Q1 2021: Poor Start to the year
May 10, 2021/InvestmentOne Report · Net interest income of N83.17billion, up 11.63%q/q , 2.05%y/y · Non-interest income of N51.20billion, down 34.57%q/q, up 9.78%y/y. · Profit before tax of N61.02billion, down 22.34%q/q, up 3.80% y/y. · Profit after tax of N53.06billion, down 25.53%y/y, up 5.02%y/y. . Lower NII and Jump […]
FBNH Leans on Non-Interest Income to Boost Profitability
May 10, 2021/Cowry Asset Report In FY 2020, FBN Holdings Plc’s (“FBNH” or “the Bank”) profitability in FY 2020 was essentially boosted by its non-core businesses; that is, fee and commission income and gain on sale of investment securities. Net fee and commission income grew year-on-year (y-o-y) by 13.12% to […]
