Results & Dividends

Guaranty Trust Bank Plc- Decent Result but Signs of Lower ROE Emerges

Culled—Proshare March 15, 2018/ARM Research  Guaranty Trust Bank (GTB) released full-year 2017 audited numbers announcing a 34% YoY expansion in EPS to N6.03 (2017E: N5.67). In addition, the bank declared a final dividend of N2.40 which in addition to interim of N0.30 brings total payout to N2.70 – 10kobo below […]

GTBank Announces Full Year 2017 PBT of N200.24Billion

March 14, 2018/GTBank Plc Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2017 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable […]

STANBIC Reports Q4 2017 Results – Proposed Final Dividend of 50k Below Expectation

Culled—Proshare March 14, 2018/FBNQuest Research  Event: Stanbic IBTC Holdings (Stanbic) reports Q4 2017 results Implications: Limited reaction from the market likely Positives:  Strong growth in non-interest income, +63% y/y Negatives: Proposed final dividend of 50kobo below expectations; opex +38% y/y  Stanbic’s Q4 2017 results which were released this afternoon show that PBT […]