Kenya | NSE

Equity Group released their FY’22 earnings results posting a 14.64% & 15.35% climb in EPS & PAT respectively to KES 11.90/share and KES 46.10Bn respectively. Bottomline growth was driven by a 24.98% increase in net interest income and a 34.46% growth in non-interest income. Trailing ROaE & ROaA improved to 29.05% & 3.35% respectively in FY’22. NIMs remained adequate at 7.18% while the profit margin edged down to 31.59%. Better than our expectation of KES3.00 DPS, the board of directors recommended a final dividend of KES 4.00 representing a 33.33% increase from KES 3.00 paid out in FY’21.

NCBA Group released their FY’22 earnings results posting a 34.77% climb in EPS & PAT to KES 8.36/share and KES 13.78Bn respectively driven by a 13.47% increase in net interest income and a 36.82% growth in non-interest income. Trailing ROaE & ROaA improved to 17.19% & 2.28% respectively in FY’22. NIMs remained adequate at 5.89% while the profit margin edged up 181bps y/y to 22.61%. In line with our expectation, the board of directors recommended a final dividend of KES 2.25 in FY’22 taking the total dividend paid out in FY’22 to KES 4.25 representing a 41.67% increase from KES 3.00 paid out in FY’21. The book closure of the dividends is set for 28th April 2023 while payment date is set for 31st May 2023.

Diamond Trust Bank Group released their FY’22 earnings results posting a 55.08% climb in EPS & PAT to KES 21.68/share and KES 6.06Bn respectively driven by a 14.48% increase in net interest income and a 45.08% growth in non-interest income. Trailing ROaE & ROaA improved to 9.97% & 1.38% respectively in FY’22. NIMs remained adequate at 5.28% while the profit margin edged up 445bps y/y to 21.27%. In line with our expectation, the board of directors recommended a first and final dividend of KES 5.00 in FY’22 representing a 66.67% increase from KES 3.00 paid out in FY’21. The book closure of the dividends is set for 12th May 2023 while payment date is set for 15th June 2023.

Coop Bank released their FY’22 earnings results posting a 30.53% & 33.25% climb in EPS & PAT respectively to KES 3.72/share and KES 22.04Bn respectively driven by a 10.92% increase in net interest income and a 32.63% growth in non-interest income. Trailing ROaE & ROaA improved to 24.57% & 4.30% respectively in FY’22. NIMs remained adequate at 8.88% while the profit margin edged up 355bps y/y to 30.93%. In line with our expectation, the board of directors recommended a first and final dividend of KES 1.50 in FY’22 representing a 50.00% increase from KES 1.00 paid out in FY’21. The book closure of the dividends is set for 24th May 2023 while payment date is set for 9th June 2022.

KCB Group released their FY’22 earnings results posting a 19.78% & 19.13% climb in EPS & PAT respectively to KES 12.71/share and KES 40.61Bn respectively driven by a 11.53% increase in net interest income and a 39.79% growth in non-interest income. Trailing ROaE & ROaA improved to 25.54% & 3.53% respectively in FY’22. NIMs remained adequate at 7.46% while the profit margin edged down 2bps y/y to 31.44%. In line with our expectation, the board of directors recommended a final dividend of KES 1.00 taking the total dividend paid out in FY’22 to KES 2.00 representing a 33.33% decline from KES 3.00 paid out in FY’21.

ABSA Group released their FY’22 earnings results posting a 34.28% & 34.20% climb in EPS & PAT respectively to KES 2.69/share and KES 14.59Bn respectively driven by a 27.91% increase in net interest income and a 17.24% growth in non-interest income. Trailing ROaE & ROaA improved to 24.30% & 3.22% respectively in FY’22. NIMs remained adequate at 7.69% while the profit margin edged up 228bps y/y to 31.72%. In line with our expectation, the board of directors recommended a final dividend of KES 1.15 (Our estimates were KES 1.20) taking the total dividend paid out in FY’22 to KES 1.35 representing a 22.73% increase from KES 1.10 paid out in FY’21. The book closure of the dividends is set for 28th April 2023 while payment is expected to be made on 25th May 2023.