reports
Zenith Bank: 2 directors
Two Directors at Zenith Bank sold/bought 70,204,077 shares at between 46.175NGN and 47.986NGN. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors o...
- ARM Research
- Oyinkansola Aregbesola
Access Holdings Plc 2024FY Earnings Note | Core Income Boost Gross Ear...
In its recently released audited 2024FY results, Access Holdings’ Gross Earnings grew by 87.72% YoY to NGN4.87trn mainly due to the increase in interest income (+110.38% YoY to NGN3.48trn) and non-interest income (+47.86% YoY to NGN1.02trn). Elsewhere, Operating Expenses increased by 107.47% YoY to NGN1.45trn, following higher personnel expenses, admin expenses and IT & e-business expenses in the period. Profit Before Tax (PBT) and Profit After Tax (PAT) increased by 18.93% YoY and 3.70% YoY eac...
- ARM Research
- Oyinkansola Aregbesola
Zenith Bank Plc 2024FY Earnings Note | Interest & Trading Income Drive...
Zenith bank's growth trajectory was underpinned by robust earnings expansion, driven by impressive gains in both interest and non-interest income streams, benefitting from the high-interest rate environment. However, the expansion came with rising operational costs, as the bank faced increased personnel expenses alongside higher fuel and maintenance costs. These factors contributed to a substantial uptick in operating expenses, reflecting the broader inflationary pressures affecting the econom...
FBN Holdings Plc: 1 director
A director at FBN Holdings Plc bought 4,000,000 shares at 28.143NGN and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
Zenith Bank Plc 9M:2024 Earnings Note | Robust Earnings
Zenith Bank Plc recently published its 9M:2024 unaudited financial results, recording a 118.17% YoY expansion in Gross Earnings to NGN2.90trn. This is on the back of increase in both interest income (+190.21% YoY to NGN1.95trn) and non-interest income (+44.72% YoY to NGN952.49bn) in the period. Meanwhile, Operating Expenses surged 113.46% YoY to NGN656.07bn owing to rising personnel costs and fuel & maintenance. Profit Before Tax (PBT) and Profit After Tax (PAT) increased by 98.57% and 90.54% to...
Access Holdings Plc 9M:2024 Earnings Note | Core Income Boost Gross Ea...
In its recently released unaudited 9M:2024 results, Access Holdings’ Gross Earnings grew by 114.49% YoY to NGN3.42trn mainly due to the spike in interest income (+128.71% YoY to NGN2.40trn) and non-interest income (+87.19% YoY to NGN1.02trn). Elsewhere, Operating Expenses increased by 109.98% YoY to NGN1.09trn, following higher personnel expenses, admin expenses and IT & e-business expenses in the period. Profit Before Tax (PBT) and Profit After Tax (PAT) increased by 89.59% YoY and 82.77% YoY e...
FBN Holdings Plc 9M:2024 Earnings Note | Strong Earnings
In its recently released unaudited 9M:2024 financial result, FBNH’s Gross Earnings grew by 134.07% YoY to NGN2.25trn. The impressive topline performance rode on significant increases in both interest income (+164.64% YoY to NGN1.63n) and non-interest income (+79.37% YoY to NGN618.72bn). Meanwhile, Operating Expenses remained elevated, surging by 94.79% YoY to NGN676.82bn, an offshoot of rising personnel cost (+89.17% YoY to NGN210.41bn), maintenance (+117.95% YoY to NGN88.08bn) and regulatory co...
- MarketLine Department
Guaranty Trust Bank Ltd - Company Profile and SWOT Analysis
Summary Guaranty Trust Bank Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Guaranty Trust Bank Ltd (GTB) is a provider of retail, corporate, and investment banking products and services. The bank's product offerings include a wide range of accounts and deposits, online...
Zenith Bank Plc H1:2024 Earnings Note | Impressive Performance Riding ...
Impressive Performance Riding on Core & Non-Core Income Zenith Bank Plc published its H1:2024 interim financial results, recording a 120.03% YoY expansion in Gross Earnings to NGN2.05trn. This is on the back of increase in both interest income (+176.69% YoY to NGN1.15trn) and non-interest income (+72.50% YoY to NGN951.94bn) in the period. Meanwhile, Operating Expenses surged 115.30% YoY to NGN472.08bn owing to rising personnel costs and fuel & maintenance. Profit Before Tax (PBT) and Profit Aft...
FBNH Q1:2024 Earnings Update | Performance Marked by Impressive Intere...
FBNH’s Gross Earnings for Q1:2024 grew remarkably by 181.41% YoY to NGN730.27bn primarily due to the impressive growth in interest income. Interest income soared 153.32% YoY to NGN454.98bn while non-interest income surged by 244.56% YoY to NGN275.29bn. Elsewhere, Operating Expenses grew by 91.40% YoY to NGN212.78bn following the spike in personnel expenses (+107.47% YoY to NGN64.94bn) and operational and other losses (+1513.87% YoY to NGN18.50bn). Mirroring its 2023FY earnings result, the Group ...
FBNH Audited 2023FY Earnings Update | Interest Income & Non-Interest R...
FBNH released the audited Full-year results for 2023, revealing a respective 98.14% YoY and 127.28% increase in Gross earnings and Profit Before Tax (PBT). Major drivers for earnings growth include higher interest income (+73.99% YoY to NGN960.33bn) and non-interest income (+150.62% YoY to NGN634.11bn). PBT at NGN358.88bn exceeded our estimate due to outperformance in Gross earnings (2023FY actual; NGN1.60trn vs. 2023FY estimate; NGN1.27trn). Elsewhere, Operating Expenses remained elevated, inc...
Q1:2024 Earnings Update | ACCESSCORP | Core Banking Income Sets the St...
In its Q1:2024 financial statements, Access Holdings Plc posted a 129.20% and 148.03% YoY growth in Gross earnings and Profit before Tax to NGN974.24bn and NGN202.74bn respectively. The performance was mainly driven by impressive returns on interest income. Interest Income climbed 183.07% YoY to NGN719.60bn while non-Interest revenue grew 39.86% YoY to NGN254.64bn. On the other hand, Operating Expenses rose by 86.46% YoY to NGN279.31bn as personnel expenses, regulatory expenses and IT and e-bu...
2023FY Banking Stock Note | ZENITH | UBA | GTCo | ACCESSCORP
Zenith Bank released the audited Full-year results for 2023, revealing a robust topline performance. Gross Earnings, which exceeded our 2023FY estimates, grew by 125.45% YoY to NGN2.13trn on the wheels of increased interest and non-interest income. For context, Interest Income climbed 111.91% YoY to NGN1.15trn while Non-Interest Income grew significantly by 143.49% YoY to NGN987.08bn. United Bank for Africa Plc. audited Full-year results for 2023 showed an impressive topline and bottom-line per...
H1:2023 Zenith Bank Plc Earnings Result | FX Revaluation Gains to the ...
Zenith Bank Plc published its H1:2023 interim financial results, recording a 138.51% YoY expansion in Gross Earnings to NGN931.12bn. This is on the wheels of a tremendous increase in non-interest income (+238.47% YoY to NGN551.84bn) in the period. Interest Income also supported growth in Gross Earnings as it grew by 71.86% YoY to NGN415.43bn. Meanwhile, Operating Expenses rose by 22.77% YoY to NGN219.27bn owing to rising personnel costs. Profit Before Tax (PBT) and Profit After Tax (PAT) increas...
- Vetiva Research
STANBIC IBTC HOLDINGS PLC H1'23 - Outsized growth driven by trading re...
STANBIC recorded an impressive growth in Q2’23. The banking group posted a 68% y/y increase in Gross Earnings to ₦113.8 billion, above our estimate of ₦86 billion. This came as the result of a 70% y/y increase in Interest Income to ₦60 billion (Vetiva: ₦53 billion), as the bank’s yield on assets improved to 8.3% from 6.5% in H1’22, while its balance sheet has grown 47% since December 2022. Meanwhile, Non-Interest Revenue (NIR) also supported growth, with the bank reporting a 77% y/y improv...
Stanbic Ibtc Holdings Plc: 1 director
A director at Stanbic Ibtc Holdings Plc sold 615,812 shares at 63.210NGN and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two ye...
H1:2023 FBNH Earnings Note | Impressive Performance Rode on Fair Value...
In its recently released unaudited H1:2023 financial result, FBNH’s Gross Earnings grew massively by 82.68% YoY to NGN656.38bn. The impressive topline performance rode on significant increases in both interest income (+69.33% YoY to NGN383.29bn) and non-interest income (+105.41% YoY to NGN273.09bn). Elsewhere, Operating Expenses remained elevated, growing by 24.53% YoY to NGN231.56bn in H1:2023, and this was a result of surging personnel cost (+17.93% YoY to NGN65.22bn), regulatory cost (+18.40%...
FBNH Q1:2023 Earnings Result | Performance Marked by Impressive Bottom...
FBNH’s Gross Earnings for Q1:2023 grew remarkably by 43.73% YoY to NGN259.51bn primarily due to the impressive growth in interest income. Interest income soared 64.11% YoY to NGN179.61bn while non-interest income increased by 12.36% YoY to NGN79.90bn. Elsewhere, Operating Expenses grew by 20.61% YoY to NGN111.17bn following the spike in personnel expenses (+22.18% YoY to NGN31.30bn) and advertising expenses (+211.32% YoY to NGN5.81bn). Contrary to its 2022FY earnings result, the Group posted an ...
FBNH 2022FY | Performance Bolstered by Robust Interest Income
The recently released 2022FY results for the Group reflected Gross Earnings grew by 6.32% YoY to NGN805.13bn due to growth in interest income. Interest income grew by 49.56% YoY to NGN551.94bn. On the other hand, non-interest income deteriorated by 34.87% YoY to NGN253.02bn following a plunge in other operating income (-85.01% YoY to NGN22.40bn). Elsewhere, Operating Expenses grew by 8.89% YoY to NGN363.91bn following a spike in insurance premium (+826.20% YoY to NGN29.44bn). Profit Before Tax ...
FCMB Group Plc: 5 directors
Five Directors at FCMB Group Plc bought 12,377,379 shares at 4.000NGN. The significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.