First Credit and Investment Bank Past Earnings Performance

Past criteria checks 2/6

First Credit and Investment Bank's earnings have been declining at an average annual rate of -2.3%, while the Capital Markets industry saw earnings growing at 20.3% annually. Revenues have been growing at an average rate of 20.1% per year. First Credit and Investment Bank's return on equity is 2.8%, and it has net margins of 6.3%.

Key information

-2.3%

Earnings growth rate

-2.3%

EPS growth rate

Capital Markets Industry Growth	22.2%
Revenue growth rate	20.1%
Return on equity	2.8%
Net Margin	6.3%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

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

Earnings and Revenue History

KASE:FCIBL Revenue, expenses and earnings (PKR Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	337	21	30
30 Sep 23	303	17	26
30 Jun 23	279	13	22
31 Mar 23	252	14	36
31 Dec 22	211	11	32
30 Sep 22	168	8	22
30 Jun 22	134	8	18
31 Mar 22	109	8	19
31 Dec 21	121	14	17
30 Sep 21	136	16	16
30 Jun 21	145	21	15
31 Mar 21	169	32	29
31 Dec 20	167	28	29
30 Sep 20	158	30	25
30 Jun 20	155	29	23
31 Mar 20	137	15	25
31 Dec 19	131	15	22
30 Sep 19	126	11	20
30 Jun 19	117	10	18
31 Mar 19	109	13	22
31 Dec 18	102	11	21
30 Sep 18	102	10	20
30 Jun 18	102	9	18
31 Mar 18	104	8	15
31 Dec 17	98	7	16
30 Sep 17	88	6	17
30 Jun 17	79	7	18
31 Mar 17	68	-2	16
31 Dec 16	93	21	16
30 Sep 16	104	49	17
30 Jun 16	99	44	17
31 Mar 16	96	53	17
31 Dec 15	69	29	15
30 Sep 15	73	21	17
30 Jun 15	79	23	17
31 Mar 15	84	23	18
31 Dec 14	82	23	20
30 Sep 14	64	4	17
30 Jun 14	60	1	16
31 Mar 14	69	-1	17
31 Dec 13	73	-5	19
30 Sep 13	79	-4	22
30 Jun 13	93	-6	23

Quality Earnings: FCIBL has a large one-off gain of PKR22.7M impacting its last 12 months of financial results to 31st December, 2023.

Growing Profit Margin: FCIBL's current net profit margins (6.3%) are higher than last year (5.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FCIBL's earnings have declined by 2.3% per year over the past 5 years.

Accelerating Growth: FCIBL's earnings growth over the past year (86.6%) exceeds its 5-year average (-2.3% per year).

Earnings vs Industry: FCIBL earnings growth over the past year (86.6%) did not outperform the Capital Markets industry 130.3%.

First Credit and Investment Bank Past Earnings Performance

Past criteria checks 2/6

Key information

Recent past performance updates

Second quarter 2024 earnings released: EPS: PK₨0.20 (vs PK₨0.13 in 2Q 2023)

First quarter 2024 earnings released: EPS: PK₨0.10 (vs PK₨0.041 in 1Q 2023)

Full year 2023 earnings released: EPS: PK₨0.20 (vs PK₨0.13 in FY 2022)

Second quarter 2023 earnings released: EPS: PK₨0.13 (vs PK₨0.07 in 2Q 2022)

Full year 2022 earnings released: EPS: PK₨0.13 (vs PK₨0.32 in FY 2021)

First quarter 2022 earnings released: EPS PK₨0.05 (vs PK₨0.11 in 1Q 2021)

Recent updates

Investor sentiment improves as stock rises 27%

Second quarter 2024 earnings released: EPS: PK₨0.20 (vs PK₨0.13 in 2Q 2023)

Investor sentiment improves as stock rises 19%

First quarter 2024 earnings released: EPS: PK₨0.10 (vs PK₨0.041 in 1Q 2023)

Investor sentiment improves as stock rises 21%

Full year 2023 earnings released: EPS: PK₨0.20 (vs PK₨0.13 in FY 2022)

Investor sentiment deteriorates as stock falls 15%

First Credit and Investment Bank Limited Approves Appointment of Amjad Iqbal as Director

Investor sentiment improves as stock rises 19%

High number of new directors

High number of new directors

Second quarter 2023 earnings released: EPS: PK₨0.13 (vs PK₨0.07 in 2Q 2022)

Investor sentiment deteriorates as stock falls 16%

Investor sentiment deteriorates as stock falls 25%

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

High number of new directors

Investor sentiment improved over the past week

Full year 2022 earnings released: EPS: PK₨0.13 (vs PK₨0.32 in FY 2021)

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment improved over the past week

Less than half of directors are independent

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS PK₨0.05 (vs PK₨0.11 in 1Q 2021)

Investor sentiment deteriorated over the past week

Full year 2021 earnings released: EPS PK₨0.32 (vs PK₨0.44 in FY 2020)

Less than half of directors are independent

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS PK₨0.15 (vs PK₨0.21 in 3Q 2020)

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment deteriorated over the past week

First Credit and Investment Bank Limited Appoints Jamal Nasim as Independent Director

Second quarter 2021 earnings released: EPS PK₨0.11 (vs PK₨0.099 in 2Q 2020)

New 90-day high: PK₨10.00

New 90-day high: PK₨9.85

Investor sentiment improved over the past week

Investor sentiment improved over the past week

New 90-day low: PK₨6.25

New 90-day low: PK₨6.60

Market pulls back on stock over the past week

First quarter earnings released

First Credit and Investment Bank Limited to Report Q3, 2020 Results on Oct 23, 2020

Full year earnings released - EPS PK₨0.44

First Credit and Investment Bank Limited to Report Fiscal Year 2020 Results on Sep 29, 2020

New 90-day high - PK₨9.56

Revenue & Expenses BreakdownBeta

Earnings and Revenue History

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Return on Equity

Return on Assets

Return on Capital Employed

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