Ecobank Ghana Past Earnings Performance
Past criteria checks 1/6
Ecobank Ghana's earnings have been declining at an average annual rate of -11.7%, while the Banks industry saw earnings declining at 7.8% annually. Revenues have been growing at an average rate of 10.6% per year. Ecobank Ghana's return on equity is 17.3%, and it has net margins of 18.1%.
Key information
-11.7%
Earnings growth rate
0.3%
EPS growth rate
| Banks Industry Growth | 0.6% |
| Revenue growth rate | 10.6% |
| Return on equity | 17.3% |
| Net Margin | 18.1% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Ecobank Ghana makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 3,504 | 633 | 782 | 0 |
| 30 Sep 23 | 1,593 | -80 | 769 | 0 |
| 30 Jun 23 | 1,480 | -83 | 744 | 0 |
| 31 Mar 23 | 1,177 | -172 | 671 | 0 |
| 31 Dec 22 | 1,263 | -15 | 639 | 0 |
| 30 Sep 22 | 2,259 | 704 | 597 | 0 |
| 30 Jun 22 | 2,049 | 607 | 560 | 0 |
| 31 Mar 22 | 1,885 | 560 | 513 | 0 |
| 31 Dec 21 | 1,837 | 582 | 480 | 0 |
| 30 Sep 21 | 1,870 | 630 | 472 | 0 |
| 30 Jun 21 | 1,804 | 622 | 450 | 0 |
| 31 Mar 21 | 1,738 | 593 | 450 | 0 |
| 31 Dec 20 | 1,668 | 550 | 452 | 0 |
| 30 Sep 20 | 1,533 | 497 | 442 | 0 |
| 30 Jun 20 | 1,479 | 484 | 444 | 0 |
| 31 Mar 20 | 1,443 | 471 | 439 | 0 |
| 31 Dec 19 | 1,369 | 445 | 430 | 0 |
| 30 Sep 19 | 1,360 | 419 | 436 | 0 |
| 30 Jun 19 | 1,288 | 396 | 424 | 0 |
| 31 Mar 19 | 1,236 | 374 | 427 | 0 |
| 31 Dec 18 | 1,178 | 340 | 426 | 0 |
| 30 Sep 18 | 1,080 | 327 | 393 | 0 |
| 30 Jun 18 | 979 | 269 | 390 | 0 |
| 31 Mar 18 | 920 | 233 | 402 | 0 |
| 31 Dec 17 | 942 | 254 | 383 | 0 |
| 30 Sep 17 | 910 | 228 | 393 | 0 |
| 30 Jun 17 | 949 | 258 | 544 | 0 |
| 31 Mar 17 | 1,055 | 340 | 460 | 0 |
| 31 Dec 16 | 1,028 | 328 | 371 | 0 |
| 30 Sep 16 | 980 | 309 | 539 | 0 |
| 30 Jun 16 | 982 | 337 | 445 | 0 |
| 31 Mar 16 | 907 | 303 | 296 | 0 |
| 31 Dec 15 | 908 | 321 | 296 | 0 |
| 30 Sep 15 | 963 | 381 | 372 | 0 |
| 30 Jun 15 | 933 | 362 | 372 | 0 |
| 31 Mar 15 | 877 | 342 | 372 | 0 |
| 31 Dec 14 | 822 | 320 | 372 | 0 |
| 30 Sep 14 | 753 | 297 | 263 | 0 |
| 30 Jun 14 | 674 | 264 | 263 | 0 |
| 31 Mar 14 | 608 | 226 | 258 | 0 |
| 31 Dec 13 | 534 | 191 | 263 | 0 |
| 30 Sep 13 | 490 | 170 | 204 | 0 |
| 30 Jun 13 | 449 | 152 | 204 | 0 |
Quality Earnings: EGH has a large one-off loss of GHS937.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: EGH became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: EGH's earnings have declined by 11.7% per year over the past 5 years.
Accelerating Growth: EGH has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: EGH has become profitable in the last year, making it difficult to compare its past year earnings growth to the Banks industry (25.1%).
Return on Equity
High ROE: EGH's Return on Equity (17.3%) is considered low.