Coy: STANBIC IBTC. (STANBIC)
Rating: Hold
Current Market Price: N28.00
Year High: N27.50
Year Low: N19.50
Fair Value: N40.05
By: Jeariogbe Tunde Segun (Equity Analyst)
Earnings Brief
- The management of Stanbic IBTC has announced an Interim Cash Dividend of N1.50 for the period ended 30th June, 2022
- The closure date for the said interim dividend is 7th September, 2022
- Thus, the qualification date is 6th September, 2022
- Meanwhile, the said dividend will be credited to qualified shareholders’ account on the 21st September, 2022
- The management of Stanbic Ibtc bank successfully built its key financial ratios above the corresponding period.
- Kindly see below for details.
| STANBIC IBTC HOLDINGS |
| Bourse |
Nigerian Stock Exchange |
| Code Name |
STANBIC |
| Sector |
FINANCIAL SERVICES |
| Market Classification |
Main Board |
| Nature of Business |
Commercial Banking |
| Date of Incorporation |
Mar-14-2012 |
| Date Listed |
Nov-23-2012 |
| End of Accounting Year |
31st December |
| Website |
www.stanbicibtc.com |
| Registrar |
FIRST REGISTRARS LTD |
| Auditor |
KPMG Professional Services |
| Share Price@Relsd (N) |
28.00 |
| Earnings per Share |
2.37 |
| Intrinsic Value(N) |
29.46 |
| Share Outstanding |
12,956,997,163 |
| Market Capitalisation |
362,795,920,564 |
| STANBIC IBTC HOLDINGS |
| Statement of Comprehensive Income |
| |
2022 |
2021 |
%CHG |
| GROSS EARNINGS |
133,704,000,000 |
93,592,000,000 |
42.86 |
| INTEREST INCOME |
68,248,000,000 |
44,229,000,000 |
54.31 |
| INTEREST EXPENSES |
17,895,000,000 |
11,350,000,000 |
57.67 |
| NET INTEREST INCOME |
50,353,000,000 |
32,879,000,000 |
53.15 |
| OPEX |
67,865,000,000 |
55,365,000,000 |
22.58 |
| DEPRECIATION |
3,612,000,000 |
3,354,000,000 |
7.69 |
| AMORTISATION |
382,000,000 |
380,000,000 |
0.53 |
| PBT |
39,978,000,000 |
24,707,000,000 |
61.81 |
| TAX |
9,309,000,000 |
2,164,000,000 |
330.18 |
| PAT |
30,669,000,000 |
22,543,000,000 |
36.05 |
| TOTAL COMP INCOME |
28,784,000,000 |
8,458,000,000 |
240.32 |
| Statement of Financial Position |
| Total Assets |
3,148,856,000,000 |
2,427,364,000,000 |
29.72 |
| Total Liabilities |
2,770,861,000,000 |
2,080,923,000,000 |
33.16 |
| Net Assets |
377,995,000,000 |
346,441,000,000 |
9.11 |
| Property Plan & Equipment |
43,070,000,000 |
30,645,000,000 |
40.54 |
| Retained Earnings |
260,234,000,000 |
230,097,000,000 |
13.10 |
| Total Deposits |
1,691,858,000,000 |
1,350,926,000,000 |
25.24 |
| Total Loans and Advances |
1,069,166,000,000 |
767,817,000,000 |
39.25 |
| Financial Strength/Solvency Ratio |
| TICKERS |
2022 |
2021 |
%CHG |
| Debt Ratio |
88.00% |
85.73% |
2.65 |
| Total Debt to Equity Ratio (MRQ) |
7.33 |
6.01 |
22.04 |
| Equity Ratio |
12.00% |
14.27% |
-15.89 |
| Beta Value |
0.62 |
1.11 |
-44.14 |
| PROFITABILITY RATIOS |
| TICKERS |
2022 |
2021 |
%CHG |
| PRE-TAX MARGIN |
29.90% |
26.40% |
13.26 |
| EFFECTIVE TAX RATE |
23.29% |
8.76% |
165.85 |
| IE TO GE |
13.38% |
12.13% |
10.36 |
| ROAE |
8.11% |
6.51% |
24.69 |
| ROAA |
0.97% |
0.93% |
4.87 |
| EFFICIENCY RATIOS |
| TICKERS |
2022 |
2021 |
|
| OPEX TO GE |
50.76% |
59.16% |
14.20 |
| GE TO TA |
4.25% |
3.86% |
10.13 |
| LDR |
63.19% |
56.84% |
11.19 |
| STANBIC IBTC HOLDINGS |
| Investment/Valuation Ratios |
| Tickers |
2022 |
2021 |
%Chg |
| EPS |
2.37 |
2.15 |
10.30 |
| TCIP/SHARE |
2.22 |
0.81 |
175.91 |
| P/E-Ratio |
2.96 |
4.57 |
-35.24 |
| Earnings Yield |
8.45% |
5.47% |
54.42 |
| BV/Share |
29.17 |
32.98 |
-11.54 |
| PBV |
0.96 |
1.19 |
-19.25 |
| DIVIDEND INFORMATION |
| Tickers |
2022 |
2021 |
%Chg |
| Latest Final Dividend |
1.50 |
1.00 |
50.00 |
| Final Dividend Pay-Out Ratio |
63.37% |
46.60% |
35.99 |
| Final Dividend Yield |
5.36% |
2.55% |
110.00 |
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