Listed lender Diamond Trust Bank released its Q3 2017 results that saw its profit before tax drop by 3.75% to KES 7.5 billion compared to the previous period’s KES 7.8 billion. The bank’s Earnings per share dropped by 5.6% to KES 17.42 compared to KES 18.45 in Q3 2016.
Income
The Group’s Net Interest Income softened by 1.4% to KES 14.48 billion compared to KES 14.69 in the previous year.
Total Non-Interest Income increased by 4.7% to KES 3.89 billion compared to KES 3.71 billion in the previous comparable period.
Total Operating income came in little unchanged down slightly by 0.17% to KES 18.37 billion in Q3 2017 compared to KES 18.4 billion in Q3 2017.
Expenses
The Bank’s total expenses increased by 2.5% to KES 10.85 billion in Q3 2017 compared to KES 10.59 billion in Q3 2016.
Share Price
DTB’s share price has been an outperformer in 2017 that has seen its price go up by 58% on a year-to-date basis. The counter closed on November 17, 2017 at KES 187.00 per share. It has a P/E ratio of 8.10.
