Business Summary Management Board of Directors Joint Auditors Company Registrar Subsidiaries/Associates Capital Structure

   FIRSTBANK

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Index: 37135.74 111.02 0.30%
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Sector:
Financial Services
Sub-Sector:
Banking
Listing Date:
March, 1971
End of Accounting Year:
31 Dec
Share Outstanding:
32,632,084,356.00
NSE code
FIRSTBANK
AGM Date:
31-05-2012


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No. Of Deals:   575.00

Volume Traded:   23,549,746.00

Value Traded:    435,954,187.10

52 Weeks High:  21.50

52 Weeks Low:    10.65

Open Price:    18.50

Close Price:    18.55

High Price:    18.60

Low Price:    18.44

Year To Date Appreciation:   -11.67 

 

1 Week Change (%)

1 Month Change (%)

6 Months Change (%)

1 Year Change (%)

FIRSTBANK

0

-0.11

18.91

74.18

NSE All-share Index

-4.57

0.62

35.78

76.15

Quarterly Results For FIRSTBANK

2nd May, 2013: 1st Quarter Results for the Period Ending 31-Mar-2013


Values
2013 N'm
2012 N'm
% Change
Profit & Loss Information
Gross Earnings
99,472
87,620
13.53%
Profit Before Tax
31,409
24,365
28.91%
Taxation
-6,968
-4,328
61%
Profit Or Loss After Tax
24,441
20,037
21.98%
Balance Sheet Information
Fixed Assets
77,313
75,386
2.56%
Loans & Advances
1,545,769
1,541,687
0.26%
Cash & Bank Balances
317,566
300,531
5.67%
Borrowings
114,234
76,168
49.98%
Deposits
2,532,234
2,400,860
5.47%
Net Assets
434,694
438,847
-0.95%
  VALUATION MEASURES
Market Cap :
605,325,164,803.80
EPS:
0.75
P/E:
24.77
Book Value :
N/A
Book Value Per Share :
N/A
Price/Book
N/A
  FINANCIAL HIGHLIGHTS
  Fiscal
Fiscal Year End
31 Dec
Most Recent Quarter
1st Quarter
  Profitability
Profit Before Tax Margin
31.58
Profit After Tax Margin
24.57
Profit Before Tax Growth
28.91
Profit After Tax Growth
21.98
  Management Effectiveness
Return On Assets
0.01
Return On Equity
0.06


  INCOME STATEMENT
Revenue:
N99,472.00(mln)
Revenue Per Share :
3.05
Revenue Growth :
13.53%
   Balance Sheet
Total Cash
317,566.00
Shareholder Fund Growth
-0.95%
Loan Growth
0.26%
Deposit Growth
5.47%
Fixed Asset Growth
2.56%
  Dividends & Splits
Dividend:
1.00 (2013-05-13)
Bonus Declared
1 for 8 (2010-05-03)
  TRADING INFORMATION
  Stock Price History
52-week Change:
74.18%
52-week Change
(relative to NSE Index)
76.15%
52-Week High:
21.50
52 Week Low :
10.65
50-Day Moving Average :
19.01
200-Day Moving Average:
17.27
  Share Statistics
Ave. Volume (3 month):
22,479,917.93
Ave. Volume (10 days):
28,372,912.50
Shares Outstanding:
32,632,084,356.00
Daily Volume
23,549,746.00


First Bank Plc
Balance Sheet as at 31st December 2012
Assets employed
2012
2011
Cash & balances with Central Banks
300,531
199,228
Loans and advances to banks
411,429
462,856
Loans and advances to Customers
1,541,687
1,252,462
Financial assets at fair value through profit or loss
3,611
5,964
Securities available for sale
369,397
356,933
held to maturity investments
337,278
337,336
Assets pledged as Collateral
50,109
72,129
Inventories
21,676
25,609
Investments in associates accounted for using the equity method
6,321
7,489
Other Assets
40,000
62,272
Investment Properties
4,003
4,055
Intangible Assets
3,522
1,008
Property, Plant and Equipment
75,386
65,875
Deferred Tax
8,201
6,954
Asset classified as held for sale
12,978
Total Assets
3186129
2860169
Financed by
LIABILITIES
Deposits from bank
88,187
183,500
Deposits from Customers
2,400,860
1,951,321
Financial liabilities at fair value through profit or loss
1,796
2,857
Liabilitity on Investment Contracts
12,321
49,440
Liabilitity on Insurance Contracts
2,127
825
Borrowings
76,168
104,473
Retirement benefit Obligations
19,380
15,081
Current Income Tax Liability
23,228
24,254
Deferred Tax
222
1,067
Other Liabilities
120,157
158,771
Liabilities classified as held for sale
2,836
Total Liabilities
2747282
2491589
EQUITY
Share capital
16,316
16,316
Share premium
254,524
254,524
Retained earnings
73,367
41,587
Other reserves:
Statutory reserve
43,347
32,144
SSI Reserve
6,076
6,076
AFS Fair value reserve
26,272
8,525
Contingency Reserve
50
13
Statutory credit reserve
16,101
9,766
Treasury share reserve Capital reserve
-1,422
-1,941
Foreign currency translation reserve
1,668
606
436299
367616
Non-controlling interest
2,548
964
Total equity
438847
368580
Total equity and liabilities
3186129
2860169
PROFIT AND LOSS ACCOUNTS
For the year ended 31st December 2012
Interest Income
287,274
212,975
Interest Expenses
-62,082
-36,784
Net interest income
225,192
176,191
Impairment Charges for Credit Losses
-12,299
-38,011
Net Insurance Premium Revenue
1,544
1,264
Net interest income after impairment charge for credit losses
212,893
138,180
Insurance premium revenue
1,664
1,295
Insurance premium revenue ceded to reinsurers
-120
-31
Net insurance premium revenue
1544
1264
Fee and Commission Income
59,964
47,584
Foreign Exchange Income
2,448
7,497
Net gains/(Loss) on investment Securities
1,039
670
Dividend Income
541
4,400
Net gains/(losses) from financial assets at fair value through profit or loss
1,760
-996
Gains/(Loss) from Subsidiaries
288
Loss on sale of Assets to AMCON
-15,501
Other Operating Income
5,487
417
Insurance Claims
-498
-81
Operating Expenses
-192,171
-146,064
Operating profit
93,295
37,370
Share of profit/(loss) of associates
-594
-1,507
Profit before Tax
92,701
35,863
Income tax expense
-17,031
-17,227
Profit for the year
75,670
18,636
Profit attributable to: Owners of the Parent
75,890
19,520
Non-controlling Interests
-220
-884
Basic/diluted earnings per share
2
1
Statement of Cash Flows
For the period ended 31st December 2012
Operating activities
Cash flow (used in)/generated from operations
-156,393
284,955
Income taxes paid
-22,439
-6,614
Interest received
308,861
221,439
Interest paid
-65,502
-43,669
Purchase of investment securities
-50,647
-361,998
Proceeds from the sale of investment securities
23,595
14,014
Gratuity payment to staff
-15,263
-4,915
Net cash flow (used in)/generated from operations
22212
103212
Investing activities
Cash and cash equivalent acquired from subsidiary
11,463
Net cash flow on disposal of subsidiary
-30,619
Dividends received
541
3,925
Purchase of investment property
-30
-1,563
Purchase of property, plant and equipment
-18,663
-11,529
Purchase of intangible assets
-1,570
-1,712
Proceeds on disposal of property, plant and equipment
2,869
155
Net cash (used in)/generated from investing activities
-36009
-10724
Financing activities
Proceeds from sale of treasury shares
7,497
Dividend paid
-26,105
-19,579
Proceeds from new borrowings
8,408
16,139
Repayment of borrowings
-35,755
-37,997
Net cash (used in)/generated from financing activities
-53452
-33940
Increase in cash and cash equivalents
-67,249
58,548
Cash and cash equivalents at start of year
708,991
650,714
Effect of exchange rate fluctuations on cash held
-169
-271
Cash and cash equivalents at end of year
641573
708991
Investment Valuation Ratios
Dividend Per Share
-0
Profitability Ratios
Operating Profit Margin(%)
0.02%
Return on Net Worth(%)
0%
Return on Assets
0.02%
Debt Equity Ratio
6%
Cash Flow Indicator Ratios
Earning Retention Ratio
1%
Earnings Per Share
0
Net Interest Margin
1%
Cost to income ratio
-35%
Capital Adequacy Ratio
0%
PBT Growth
2%
PAT growth
3%
PAT margin
0%
PBT MARGIN
0%
ROA
0%
ROE
0%
SHF Growth
0%
Loan Growth
0%
Assets Growth
0%
Deposit Growth
0%
Loan to deposit
1%
Deposit to Assets
1%
Equity capital to deposits
0%
Interest Income/Gross Earnings
1%
Non-Interest Income/Gross Earnings
7%
Loan to Asset
0%
Announcement Date
Agm Date
Book Closure
Address
--
2010-05-27
2010-05-03
14th April, 2010
2011-06-02
2011-05-09
Congress Hall Transcorp Hilton, Abuja
17th April, 2012
2012-05-31
2012-04-30
Eko Hotel, VI, Lagos at 10.00 a.m.
Bonus
Bonus Type
Announcement Date
Payment Date
Closure Date
1 for 6
--
--
--
2009-07-24
1 for 4
--
--
--
2008-08-08
1 for 6
--
--
--
2007-08-20
1 for 1
--
--
--
2006-08-14
1 for 4
--
--
--
2005-08-12
1 for 8
--
--
--
2004-08-06
1 for 4
--
--
--
2002-07-19
1 for 4
--
--
--
2001-07-13
1 for 8
FINAL
1st April, 2010
--
2010-05-03
Dividend
Dividend Type
Announcement Date
Payment Date
Closure Date
1.00
FINAL
30th April, 2013
--
2013-05-13
0.80
FINAL
17th April, 2012
2012-06-04
2012-04-30
0.60
FINAL
14th April, 2011
2011-06-06
2011-05-09
0.10
FINAL
1st April, 2010
--
2010-05-03
1.3
--
--
--
2001-07-13
1.3
--
--
--
2002-07-19
1.55
--
--
--
2004-08-06
1.6
--
--
--
2005-08-12
1
--
--
--
2006-08-14
0.5
--
--
--
2007-01-01
Right Ratio
Face Value
Announcement Date
Record Date
Ex-right Date
Premium
Old Face Value
New Face Value
Announcement Date
Ex-split Date
Meeting Date
Remark/Outcome