Wema Bank Past Earnings Performance

Past criteria checks 5/6

Wema Bank has been growing earnings at an average annual rate of 47.1%, while the Banks industry saw earnings growing at 36.1% annually. Revenues have been growing at an average rate of 24.9% per year. Wema Bank's return on equity is 27%, and it has net margins of 28.9%.

Key information

47.1%

Earnings growth rate

47.1%

EPS growth rate

Banks Industry Growth30.4%
Revenue growth rate24.9%
Return on equity27.0%
Net Margin28.9%
Last Earnings Update31 Mar 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Wema Bank makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:WEMABANK Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 24139,21540,27942,6410
31 Dec 23122,42935,98937,1910
30 Sep 2399,30222,41334,2550
30 Jun 2386,46016,56832,3250
31 Mar 2379,14013,87730,6520
31 Dec 2274,48411,35229,1550
30 Sep 2269,16810,87126,0320
30 Jun 2263,95910,48723,5070
31 Mar 2260,39210,47822,3280
31 Dec 2156,6078,92721,3350
30 Sep 2151,5028,16820,3830
30 Jun 2147,7486,79820,1610
31 Mar 2143,5694,90518,6540
31 Dec 2041,9824,57718,8710
30 Sep 2042,3553,75619,9670
30 Jun 2044,3704,44619,8890
31 Mar 2045,0715,03320,2420
31 Dec 1944,0575,20019,4540
30 Sep 1943,2674,77117,2460
30 Jun 1940,9784,00516,6110
31 Mar 1938,8113,70615,3590
31 Dec 1837,3583,32614,9590
30 Sep 1835,1063,37014,5270
30 Jun 1831,7212,60713,8050
31 Mar 1830,5272,29813,9830
31 Dec 1729,7362,25513,5410
30 Sep 1729,4722,82013,0830
30 Jun 1728,6902,67612,7280
31 Mar 1729,1082,85313,2830
31 Dec 1627,9822,56113,0890
30 Sep 1626,0082,24412,9560
30 Jun 1626,7902,37912,9400
31 Mar 1626,1302,18012,6530
31 Dec 1526,3552,27313,0220
30 Sep 1524,9981,54113,9450
30 Jun 1524,8271,92313,9420
31 Mar 1525,0392,39313,2530
31 Dec 1425,0942,37212,6870
30 Jun 1423,4612,67211,8680
31 Mar 1422,8762,95211,6780
31 Dec 1320,9571,59710,9050

Quality Earnings: WEMABANK has high quality earnings.

Growing Profit Margin: WEMABANK's current net profit margins (28.9%) are higher than last year (17.5%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: WEMABANK's earnings have grown significantly by 47.1% per year over the past 5 years.

Accelerating Growth: WEMABANK's earnings growth over the past year (190.3%) exceeds its 5-year average (47.1% per year).

Earnings vs Industry: WEMABANK earnings growth over the past year (190.3%) did not outperform the Banks industry 190.3%.


Return on Equity

High ROE: WEMABANK's Return on Equity (27%) is considered high.


Return on Assets


Return on Capital Employed


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