Category: Banking

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NPF Microfinance posts profit of N236.1 million in Q1 2020, up by 66.8% YoY.

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NPF Microfinance Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N994.2 million. (+20.8% YoY)
  • Fees and commission income of N160.8 million. (+31.3% YoY)
  • Administrative and general expenses of N398.5 million. (+30.9% YoY)
  • Personnel expenses of N412.07 million. (+5.3% YoY)
  • Profit for the period was N236.1 million. (+66.8% YoY)
  • Earnings per share of 10 kobo Vs 6 kobo YoY.

See link to results.

2021 Q1 Results: Unity Bank records a 43% surge in profit to N721.5 million

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Unity Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N4.8 billion. (+16% YoY)
  • Net fee and commission income was N1.6 billion. (-14% YoY)
  • Net operating income was N6.7 billion. (+12% YoY)
  • Total operating expenses of N5.9 billion. (+9% YoY)
  • Profit for the period was N721.5 million. (+43% YoY)
  • Earnings per share of 6 kobo Vs 4 kobo YoY

See link to results.

2021 Q1 Results: Sterling Bank’s profit beat forecasts, surge by 16% to N2.4 billion.

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Sterling Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N14.35 billion. (-7.1% YoY)
  • Net fees and commission income was N3.7 billion. (+25.1% YoY)
  • Operating income of N20.09 billion. (+0.6% YoY)
  • Total expenses of N15.82 billion. (-4.5% YoY)
  • Profit for the period was N2.4 billion. (+15.98% YoY)
  • Earnings per share of 8 kobo Vs 7 kobo YoY.

See link to results.

Abbey Mortgage Bank profit after tax surge by 132% to N60.9 million in Q1 2021

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Abbey Mortgage Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N315.5 million. (+33.3% YoY)
  • Fees and commission income of N28.15 million. (+127,872% YoY)
  • Net operating income of N370.71 million. (+52.6% YoY)
  • Customers deposit totalled N23.5 billion. (+60.6% YoY)
  • Profit after tax was N60.9 million. (+131.8% YoY)
  • Earnings per share of 4 kobo Vs 2 kobo YoY

See link to results.

FBN Holdings Profit decline by 39% to N15.6 billion in Q1 2021

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FBN Holdings Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income after impairment charge was N39.62 billion. (-21.6% YoY)
  • Net fee and commission income of N28.43 billion. (+36.8% YoY)
  • Operating expenses of N42.02 billion. (+0.2% YoY)
  • Profit for the period was N15.6 billion. (-39.3% YoY)
  • Earnings per share from continuing operations of 43 kobo Vs 64 kobo YoY.

See link to results.

FCMB Plc profit decline by 24% to N3.57billion in Q1 2021.

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FCMB Group Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income for the period was N21.23 billion. (-8.2% YoY)
  • Net fee and commission income was N5.7 billion. (+12.05% YoY)
  • General and administrative expenses of N8.04 billion. (-0.2% YoY)
  • Profit for the period was N3.57 billion. (-24.4% YoY)
  • Earnings per share of 18 kobo Vs 24 kobo YoY.

See link to results.

Union Bank posts profit after tax of N6.21 billion in Q1 2021.

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Union Bank of Nigeria Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income after impairment charge was N10.19 billion. (-10.5% YoY)
  • Net fee and commission income was N3.06 billion. (-1.64% YoY)
  • Operating income of N24.39 billion. (+0.1% YoY)
  • Total expenses of N17.35 billion. (-3.7% YoY)
  • Profit after tax was N6.21 billion. (+3.2% YoY)
  • Earnings per share from continuing operations of N23 kobo Vs 21 kobo YoY.

See link to results.

Access Bank profit grows by 28% to N52.5 billion in Q1 2021.

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Access Bank Plc released its unaudited results for the first quarter of the year (Q1, 2021).

  • Net interest income after impairment charges was N81.4 billion. (+28% YoY)
  • Net fee and commission income of N30.73 billion. (+33.6% YoY)
  • Personnel expenses of N20.06 billion. (+2.2% YoY)
  • Profit for the period was N52.55 billion. (+28.4% YoY)
  • Earnings per share of N1.49 Vs N1.21 YoY.

See link to results.

United Capital grows profit by 67% to N1.66 billion in Q1 2021.

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United Capital Plc has released its unaudited results for the first quarter of the year (Q1, 2021).

  • Gross earnings for the period was N3.12 billion (+62.6% YoY)
  • Fee and commission income of N1.3 billion. (+132.7% YoY)
  • Net operating income was N3.1 billion. (+64.4% YoY)
  • Total expenses of N1.15 billion. (+54.2% YoY)
  • Profit for the period was N1.66 billion. (+67.3% YoY)
  • Earnings per share of N1.11 Vs N0.66 YoY.

See link to results.