EARNINGS ALERT – Friday, 20th April, 2018

STANBIC IBTC PLC released its unaudited Q1 2018 results with EPS of N2.23 (N1.55 in Q1, 2017) Please find attached the full result of STANBIC IBTC PLC as released on the NSE and see key highlights below:

  • Gross earnings grew by 22.05% to N57.39bn in Q1 2018 from N47.02bn in 2017.
  • Net interest income was down by 0.15% to N18.85bn in Q1 2018
  • Trading revenue: N9.56bn in Q1 2018 (N6.65bn in Q1 2017)
  • Operating expenses was up by 46.82% to N25.07bn
  • There was impairment reversal of N5.11bn in Q1 2018 as against impairment provision of N3.33bn in Q1 2017.
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