Standard Chartered Bank’s Gain Highest EPS Among the Commercial Banks
Kathmandu : The commercial banks which have been recognized as ‘A’ class by Central Bank have released their unrefined financial statements for the first quarter of the current financial year 2023-2024 According to the financial statements published by the banks up to the first quarter, Bank success to earn the profits all of the most.
With the increase in profits, Standard Chartered Bank is the first and Everest Bank is the second and NIC Asia Bank is in the third position among commercial banks based on earnings profits.
During the review period, Standard Chartered Bank’s earnings per share was Rs.35.11. Everest Bank’s income per share is 29.19 rupees and NIC Asia Bank’s income is 26.58 rupees.
Similarly, Prime Commercial Bank has Rs.24.74, National Commercial Bank Rs.21.99, Nabil Bank Rs. 21.31, NMB Bank Rs.20.98, Himalayan Bank Rs. 19.51.
profits per share of Nepal SBI Bank is Rs.18.94, Machhapuchhre Bank is Rs.18.94, Nepal Investment Bank is Rs.17.84, Prabhu Bank is Rs.17.57, Sanima Bank is Rs.15.21, Global IME Bank is Rs.13.71, Citizen Bank is Rs.11. Decimal 34 rupees, Kumari Bank’s is four decimal zero three rupees.
In the first quarter of the current year, the per share income of Nepal Bank is 3.88 rupees, Laxmi Sunrise Bank is 1.9 rupees, Siddharth Bank is 1.19 rupees.
According to the public financial statement, per share income of government-owned Agricultural Development Bank is negative by Rs.28.83.
What is the profits of per share?
The profit after tax divided by the total number of shares is called earnings per share. If the company has issued preference shares, earnings per share is calculated by deducting the dividend of preference shares from the profit after tax and dividing it by the total number of ordinary shares. As it shows the ability of the company to earn profit, it is considered as the main indicator of the analysis of the basic aspects of the company.
profits of per share expresses the profit earned by the company by utilizing the capital collected from each share in financial data. Therefore, earnings per share is also the basis of returns to ordinary investors. Therefore, profits of per share is also an important tool for analyzing the profitability of a company.