Guaranty Trust Holding Company Plc (GTCO) has announced its half-year 2024 financial results, showing a significant growth of 223.1% in earnings per share (EPS) to N32.12, up from N9.94 in the same period last year.

Just as the board of directors has declares N1.00 Interim Dividend. The company’s profit before tax grew by 206.6% to N1.00 trillion, while profit after tax increased by 222.9% to N905.57 billion.

The impressive growth was driven by increases in both funded and non-funded income lines, with interest income rising by 173.5% to N617.89 billion and non-interest income growing by 112.5% to N761.81 billion.

The company’s net interest income ex-LLE grew by 177.0% to N491.51 billion, supported by lower loan impairment charges.

GTCO’s operational efficiency also improved, with its cost-to-income ratio (ex-LLE) declining to 16.8% from 27.7% in the same period last year.

The company declared an interim dividend of N1.00 per share, representing a dividend yield of 2.2% based on the last closing price of N45.45 per share.

The strong performance is a testament to GTCO’s robust business model and its ability to navigate the challenging economic environment.

The company’s focus on digital transformation and customer-centric approach has positioned it for continued growth and success.