Results & Dividends

FBN Holdings Plc FY’19 Audited Results – Earnings Climb on Lower Cost of Risk

Culled—-Proshare April 7, 2020 by CardinalStone Research  FBN Holdings Plc (FBN: TP: 8.69 – BUY) reported a 26.6% YoY growth in earnings in its audited FY’19 result. The growth in earnings was bolstered by lower impairment charges (-41.5% YoY) and higher non-interest income (+20.5% YoY). The bank proposed a final […]

FCMB Group Research Q4 2019 Results Review: Maintaining Neutral Rating

Culled—Proshare April 6, 2020 By FBNQuest Research 15% increase to our 2020-21E EPS forecasts   FCMB’s management did not provide an earnings or ROAE guidance for 2020 on its Q4 2019 conference call. However, it acknowledged that near-term macroeconomic challenges arising from the COVID-19 pandemic and the sharp drop in […]