Bank comparables

Methodology

Each figure is computed from published, reviewed statement facts using the formula shown below it.

ROE

ROE (%) = net income ÷ period-end total equity × 100

ROA

ROA (%) = net income ÷ period-end total assets × 100

NIM (on total assets)

NIM on total assets (%) = net interest income ÷ period-end total assets × 100

Cost-to-income

Cost-to-income (%) = operating expenses ÷ operating income × 100

NPL ratio

NPL ratio (%) = non-performing loans ÷ gross loans × 100

EPS

EPS (ETB) = basic earnings per share as reported in the statement

P/E

P/E = latest published close ÷ reported basic EPS

P/B

P/B = latest published close ÷ (period-end total equity ÷ shares outstanding)

Dividend yield

Dividend yield (%) = dividends with an ex-date in the trailing 365 days ÷ latest published close × 100

EPS growth

EPS growth (%) = (reported basic EPS − prior period reported basic EPS) ÷ prior period reported basic EPS × 100

• Net interest margin (NIM) is shown on total assets, not interest-earning assets, because a reliable breakdown of earning assets is not consistently printed in bank statements.
• Balance-sheet figures — total assets, total equity, gross loans, and customer deposits — use the period-end balance as printed, not a period average.
• Dividend yield sums published dividends with an ex-date in the trailing 365 days, divided by the latest published closing price.
• Earnings per share is the basic figure as reported in the filing. It is never recalculated from net income and share count.