Earnings Report

Access Bank Announces 25k Interim Div, Builds H1 Profit by 26.21% (Hold)

 

  • Due to the right issue exercise done by Access within the last half year and now, the shares outstanding increased from 22.88 billion to 29.92 billion, thus, EPS is approximately N1.37 for both quarters despite difference in PAT.
  • Dividend payout ratio is 18.32% while the sustainable growth rate is 7.53%.
  • Total Loan and Advances is 55.40% of Total Assets. This is slightly above the 53.52% estimated in similar quarter of 2015.
  • It was also discovered that 83.32% of Total Deposit reported for the period is currently in form of loans and advances.
  • See below for other financial ratios

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Earnings Report

Access Bank Announces 25k Interim Div, Builds H1 Profit by 26.21% (Hold)

 

  • Due to the right issue exercise done by Access within the last half year and now, the shares outstanding increased from 22.88 billion to 29.92 billion, thus, EPS is approximately N1.37 for both quarters despite difference in PAT.
  • Dividend payout ratio is 18.32% while the sustainable growth rate is 7.53%.
  • Total Loan and Advances is 55.40% of Total Assets. This is slightly above the 53.52% estimated in similar quarter of 2015.
  • It was also discovered that 83.32% of Total Deposit reported for the period is currently in form of loans and advances.
  • See below for other financial ratios

See Full Report

Comment here