Culled—Proshare March 8, 2019/Coronation Research Stanbic IBTC released its FY 2018 results today and, at least in terms of loan growth and Net profits, the report looks stellar. Net profits were up 53.9% y/y, with growth largely driven by Fee & commission income. A dividend of N2.50/s was declared, which […]
Results & Dividends
Stanbic IBTC Holdings Plc FY’18 Results – Impairment Writebacks; Non-interest Income Uplifts EPS
Culled—Proshare March 7, 2019/ CardinalStone Research Stanbic IBTC Holdings Plc (STANBIC) FY’18 results – gross earnings grew by 4.7% YoY to N222.4 billion, in line with our expectation of N225.1 billion (-1.2% deviation). More remarkably, after tax earnings climbed 53.7% YoY to N74.4 billion, within our N76.9 billion projection (-3.2% […]
GTBank Q4 2018 Results Highlight: Uninspiring Quarter-on-Quarter Performance although Positive Year-on-Year
March 7, 2019/InvestmentOne Report Net interest income of N51.8billion, down 170bps q/q; down 9.3% y/y · Non-interest income of N28.6billion, down 15.6% q/q, down 3.8% y/y Profit before tax of N51.9billion, down 4.8% q/q; up 7.5% y/y Profit after tax of N43.1billion, down 7.7% q/q; up 10bps y/y GT Bank […]
