Culled—Proshare May 1, 2018/Vetiva Research Highlights of Vetiva Analyst Report • Earnings lag estimates – PAT down 9% y/y • Higher than expected loan loss provisioning drags bottom line • Lower than expected one-time charge from IFRS 9 implementation • Loan loss provision revised higher to reflect Q1’18 run rate Earnings Lag Estimates – […]
Results & Dividends
FIDELITYBK Reports Q1 2018 Results – Downward Revisions to Consensus 2018E PBT Forecast Expected
Culled—Proshare May 1, 2018/FBNQuest Research Event: Fidelity Bank reports Q1 2018 results Implications: Downward revisions to consensus 2018E PBT forecast expected Positives: PAT up 28% y/y driven by a lower effective tax rate of 7.1% (vs. 11.0% in Q1 2017). Negatives: Pre-provision profits declined by 21% q/q due to q/q […]
Fidelity Bank Says Q1 2018 Pretax Profit up 2.7% to N4.98 Billion
May 1, 2018 By InvestAdvocate Lagos (INVESTADVOCATE)-Lender Fidelity Bank Plc said on Tuesday its pretax profit for the first quarter (Q1) ended March8 31, 2017 increased 2.7 percent to N4.98 billion from N4.84 billion posted a year ago. Post-tax profit of the Bank rose 7.2 percent to N4.62 billion from […]
