IMH | I&M Holdings Q3'23 Earnings Note
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I&M Holdings recorded a remarkable 14.29% y/y rise in after-tax profits (PAT) to KES 8.20Bn over the nine months to September 2023. The trailing earnings per share (EPS) momentum similarly accelerated 767bps to KES 7.35 over the quarter. Profitability growth momentum was however dampened by a faster growth in pre-provision operating expenses (28.73% y/y), relative to the rise in operating incomes (19.37% y/y). The trailing return on Equity (ROE) nevertheless improved 90bps q/q to 16.50% while the trailing return on assets (ROA) rose 10bps q/q to 2.50%.