Ecobank Transnational Incorporated

ETI

TG0000000132

Banks

End-of-day quote Nigerian S.E. Other stock markets 06:00:00 2024-04-25 pm EDT			5-day change	1st Jan Change
26 ^NGN	0.00%		0.00%	+24.40%

Mar. 21	Ecobank Group Announces Executive Changes	CI
Jan. 03	Koree Cameroun Sarl announced that it has received $0.2 million in funding from Cameroon Angels Network, Digital Africa Ventures Fund Managers Ltd, Ecobank Transnational Incorporated and other investors	CI

Ecobank Transnational Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 30, 2023 at 10:07 am EST

Ecobank Transnational Incorporated 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 USD 308.6 million compared to USD 247.41 million a year ago. Net income was USD 62.95 million compared to USD 65.74 million a year ago.
For the nine months, net interest income was USD 855.83 million compared to USD 740.43 million a year ago. Net income was USD 223.87 million compared to USD 196.05 million a year ago. Basic earnings per share from continuing operations was USD 0.0091 compared to USD 0.00797 a year ago. Diluted earnings per share from continuing operations was USD 0.0091 compared to USD 0.00797 a year ago.

Latest news about Ecobank Transnational Incorporated

Ecobank Group Announces Executive Changes	Mar. 21	CI
Koree Cameroun Sarl announced that it has received $0.2 million in funding from Cameroon Angels Network, Digital Africa Ventures Fund Managers Ltd, Ecobank Transnational Incorporated and other investors	Jan. 02	CI
Ecobank Transnational Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 30	CI
Transcript : Ecobank Transnational Incorporated, Q2 2023 Earnings Call, Aug 08, 2023	23-08-08
Transcript : Ecobank Transnational Incorporated, Q2 2023 Earnings Call, Aug 08, 2023	23-08-08
Ecobank Transnational Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-07-27	CI
Who are the lenders stepping up as SocGen scales back in Africa	23-06-08	RE
Ecobank Transnational Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2023	23-04-26	CI
Transcript : Ecobank Transnational Incorporated, 2022 Earnings Call, Mar 31, 2023	23-03-31
Ecobank Transnational Incorporated Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-30	CI
Ecobank Transnational Incorporated Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-30	CI
Transcript : Ecobank Transnational Incorporated, Nine Months 2022 Earnings Call, Dec 09, 2022	22-12-09
Ecobank Transnational Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-12-01	CI
New Ecobank CEO to pursue stabilisation and profits, says group chairman	22-09-12	RE
Ecobank Transnational Incorporated Announces Executive Changes	22-09-12	CI
Ecobank Transnational Incorporated Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	22-07-25	CI
Ecobank CEO: Interest margins to improve as central banks raise rates	22-07-06	RE
Mali resumes debt servicing, plans to repay arrears	22-07-06	RE
Ecobank CEO: Mali has enough money to pay defaulted debts	22-07-06	RE
Ecobank Transnational Incorporated Recommends Payment of Final Dividend for the 2021	22-05-05	CI
Ecobank Transnational Incorporated Reports Net Impairment Charges on Loans for the Three Months Ended March 31, 2022	22-04-25	CI
Ecobank Transnational Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2022	22-04-25	CI
Transcript : Ecobank Transnational Incorporated, 2021 Earnings Call, Mar 31, 2022	22-03-31
Ecobank Transnational Incorporated Proposes Dividend for the Year 2021	22-03-29	CI
The Ecobank Foundation Appoints Elisa Desbordes-Cissé as Chief Operating Officer	22-02-17	CI

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Company Profile

Ecobank Transnational Incorporated is the leading independent pan-African banking group. The group's activity is organized primarily around 3 areas: - business banking: activity targeting primarily governments, multinational corporations, and financial institutions; - retail banking: sales of standard and specialized banking services (consumer credit, mortgage lending, etc.); - market banking. At the end of 2022, the group had USD 20.8 billion in current deposits and USD 11 billion in current loans.

Sector

Banks

Calendar

2024-12-04 - Q3 2024 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

0.0195 USD

Average target price

0.0235 USD

Spread / Average Target

+20.21%

Consensus

Annual profits - Rate of surprise

Company calendar

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