FBN Holdings Plc (NGX: FBNH)

FBN Holdings Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	2,845,441	2,682,586	1,862,451	1,454,461	1,932,893	1,304,998
Investment Securities	4,999,965	2,638,363	1,920,708	1,766,789	984,301	1,091,063
Trading Asset Securities	673,469	744,583	274,038	342,188	85,723	238,639
Total Investments	5,673,434	3,382,946	2,194,746	2,108,977	1,070,024	1,329,702
Gross Loans	9,423,515	6,633,833	3,929,209	3,004,177	2,291,545	1,931,323
Allowance for Loan Losses	-367,309	-274,539	-140,148	-122,261	-74,277	-78,912
Net Loans	9,056,206	6,359,294	3,789,061	2,881,916	2,217,268	1,852,411
Property, Plant & Equipment	200,262	161,677	125,167	115,987	114,034	112,939
Goodwill	6,604	5,919	3,771	4,270	4,194	4,303
Other Intangible Assets	29,009	27,638	12,088	14,748	11,146	14,658
Investments in Real Estate	-	-	-	-	-	100
Other Receivables	655,745	472,885	272,849	135,680	221,257	121,593
Restricted Cash	2,848,479	2,108,471	1,558,263	1,348,086	1,322,443	843,436
Other Current Assets	570,484	1,052,432	506,125	696,684	622,342	492,568
Long-Term Deferred Tax Assets	59,585	55,895	30,909	28,710	27,619	25,009
Other Real Estate Owned & Foreclosed	-	72,616	60,456	61,165	78,113	77,352
Other Long-Term Assets	1,480,279	542,215	150,312	81,689	67,695	24,102
Total Assets	23,425,528	16,937,684	10,577,710	8,932,373	7,689,028	6,203,526
Accounts Payable	430,933	351,788	127,403	69,675	178,550	60,788
Accrued Expenses	-	-	-	-	-	6,662
Interest Bearing Deposits	14,101,028	9,454,676	5,810,103	5,019,562	4,426,537	3,832,788
Non-Interest Bearing Deposits	3,685,847	3,011,852	2,369,237	1,928,032	1,507,398	1,047,534
Total Deposits	17,786,875	12,466,528	8,179,340	6,947,594	5,933,935	4,880,322
Current Portion of Long-Term Debt	30,663	792,250	257,935	126,366	101,732	100,314
Current Portion of Leases	-	1,398	2,038	3,070	1,910	2,661
Current Income Taxes Payable	77,370	52,662	27,901	17,741	11,247	13,778
Other Current Liabilities	716,081	691,646	416,564	459,181	284,506	180,091
Long-Term Debt	1,802,520	602,047	455,889	298,586	285,216	156,328
Long-Term Leases	16,726	12,981	6,259	7,283	10,196	9,352
Long-Term Unearned Revenue	-	-	-	-	-	2,258
Pension & Post-Retirement Benefits	10,226	8,036	5,699	5,392	7,527	3,352
Long-Term Deferred Tax Liabilities	3,505	5,524	868	366	101	227
Other Long-Term Liabilities	337,125	205,803	102,073	117,263	108,937	126,245
Total Liabilities	21,212,024	15,190,663	9,581,969	8,052,517	6,923,857	5,542,401
Common Stock	17,948	17,948	17,948	17,948	17,948	17,948
Additional Paid-In Capital	233,392	233,392	233,392	233,392	233,392	233,392
Retained Earnings	1,190,289	827,479	580,562	456,565	267,224	198,240
Comprehensive Income & Other	740,940	639,759	151,727	161,546	237,522	196,029
Total Common Equity	2,182,569	1,718,578	983,629	869,451	756,086	645,609
Minority Interest	30,935	28,443	12,112	10,405	9,085	15,516
Shareholders' Equity	2,213,504	1,747,021	995,741	879,856	765,171	661,125
Total Liabilities & Equity	23,425,528	16,937,684	10,577,710	8,932,373	7,689,028	6,203,526
Total Debt	1,849,909	1,408,676	722,121	435,305	399,054	268,655
Net Cash (Debt)	2,873,944	2,234,842	1,689,966	1,469,722	1,792,467	1,404,212
Net Cash Growth	90.98%	32.24%	14.99%	-18.01%	27.65%	13.95%
Net Cash Per Share	80.07	62.26	47.08	40.95	49.94	39.12
Filing Date Shares Outstanding	35,895	35,895	35,895	35,895	35,895	35,895
Total Common Shares Outstanding	35,895	35,895	35,895	35,895	35,895	35,895
Book Value Per Share	60.80	47.88	27.40	24.22	21.06	17.99
Tangible Book Value	2,146,956	1,685,021	967,770	850,433	740,746	626,648
Tangible Book Value Per Share	59.81	46.94	26.96	23.69	20.64	17.46

Source: S&P Capital IQ. Banks template. Financial Sources.