September 24, 2023

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Sterling Bank’s PAT grows by 20.22% to N13.515 billion


CEM REPORT | Sterling Bank Plc has grown its Profit after tax by 20.22% to N13.515 billion from N11.242 billion reported the previous year, as reported in its published Audited Financial Statement for the year ended 31 December 2021.

The Bank reported a turnover of N142.316 billion for the 12 months period, an increase of 4.77% from N135.835 billion reported in FY 2020.

[READ ALSO] May & Baker Reports Turnover of N11.901 billion, Grows PAT by 8.82%

Earnings per share of the Bank stands at 47 kobo, up by 20.22% from the EPS of 39 kobo reported the previous year.

At the share price of N1.51, the P/E ratio of Sterling Bank stands at 3.22x with earnings yield of 31.09%.

The Bank has declared 10 kobo dividend to its shareholders.

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