Kenyan Listed Banking Sector Quarterly Earnings and Operating Metrics
Financial Statements Extracts
Stanbic Holdings' PAT is expected to grow at a 5-year CAGR of 12.9%
Income Statement
2019
2020
2021
2022f
Net Interest Income
13.3
12.8
14.4
17.6
Non Funded Income
Total Operating Income
Loan Loss Provision
Total Operating Expenses
Profit Before Tax
11.4
10.4
10.6
13.6
24.7
23.2
25.0
31.2
(3.2)
(4.9)
(2.5)
(2.9)
(13.9)
(12.1)
(12.7)
(16.6)
7.7
6.2
9.8
14.6
% PAT Change YoY
1.6%
(18.6%)
38.8%
4.7%
EPS
16.1
13.1
18.2
25.8
DPS
7.1
3.8
9.0
7.5
Cost to Income (with LLP)
56.2%
52.2%
50.9%
53.3%
NIM
5.2%
4.7%
5.0%
5.6%
ROaE
13.6%
10.3%
13.3%
17.9%
ROaA
2.1%
1.6%
2.2%
2.8%
Balance Sheet
Net Loans and Advances
Other Assets
Total Assets
Customer Deposits
Borrowings
Other Liabilities
2019
2020
2021
2022f
191.2
196.3
229.3
245.9
112.4
132.3
99.6
149.3
303.6
328.6
328.9
395.2
224.7
260.0
254.6
283.8
9.1
5.5
5.7
13.6
20.8
11.4
12.1
40.1
Total Liabilities
254.6
276.9
272.4
337.6
Shareholders Equity
49.0
51.7
56.5
57.6
No of Ordinary Shares
0.4
0.4
0.4
0.4
Book value Per share
124.0
130.9
142.8
145.7
9.9%
5.5%
9.1%
2.0%
% Change in BVPS
Cytonn
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