October 18, 2017/Cordros Research This afternoon, Guaranty Trust Bank Plc (GUARANTY) published Q3-2017 result wherein gross earnings declined by 19.85%y/y and 12.03% q/q (missed our estimate by 24.27%), with PBT (-1.06% y/y and -3.51% q/q) and PAT (-1.34% y/y and -72 bps q/q) consequently coming in lower (missed our estimates […]
Results & Dividends
GTBank Reports Q3’17 Results – On track to Beat Consensus FY PBT Forecast of N193bn
Culled—Proshare October 18, 2017/FBNQuest Research Event: GT Bank reports Q3 2017 results Implications: On track to beat consensus full year PBT forecast of N193bn Positives: Marked y/y declines in opex and provisions Negatives: Weaker-than-expected non-interest income This afternoon GT Bank (GTB) published its Q3 2017 results. Although the bank’s results […]
GTBank Plc: Q3 2017 Results: Key Highlights
October 18, 2017/InvestmentOne Research GTB released its Q3 2017 results earlier today. Please find key highlights of the Q3 2017 results below: · Net interest income of N60.0bn, down -5.3% q/q; +11.9% y/y · Profit before tax of N48.9bn, down -3.5% q/q; -11.3% y/y · Profit after tax of N41.9bn, […]
