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Wema Bank PLC reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was NGN 22,870.47 million. Net income was NGN 8,748.79 million.For the nine months, net interest income was NGN 55,741.02 million compared to NGN 38,472.63 million a year ago. Net income was NGN 19,240.88 million compared to NGN 8,179.82 million a year ago.
Period Ending: | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
---|---|---|---|---|
Total Revenue | 63008.6 | 62060.76 | 50035.27 | 39595.66 |
Net Income | 4120.5 | 8748.79 | 5111.12 | 5380.97 |
Period Ending: | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
---|---|---|---|---|
Total Assets | 2298452 | 2001272.5 | 1881367.86 | 1536607.05 |
Total Liabilities | 2175422.5 | 1882714.07 | 1792083.58 | 1448683.18 |
Total Equity | 139298.67 | 118558.43 | 89284.27 | 87923.87 |
Period Ending: | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -72181.01 | -85477.78 | -55473.87 | -91288.12 |
Cash From Investing Activities | -55102.63 | -159938.76 | -101458.7 | 22661.65 |
Cash From Financing Activities | 239449.59 | 198899.99 | 248853.17 | 67676.41 |
Net Change in Cash | 124079.15 | -46577.26 | 93239.29 | -950.12 |
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