MCB Bank Limited (MCB): 1QCY24 EPS expected at PKR 12.44, up 13% YoY; DPS PKR 9.00 – By Alpha - Akseer Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">MCB is scheduled to announce its 1QCY24 financial result on 24th April, 2024 wherein we anticipate the bank to post an unconsolidated EPS of PKR 12.44, up 13% YoY. Along with the result, we expect MCB to announce an interim cash dividend of PKR 9.00/share.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">NII for 1QCY24 is likely to increase by 18% YoY to PKR 35.6bn on the back of higher interest rates. Interest income is expected to increase by 45% YoY to PKR 92.5bn, while interest expense is estimated to clock in at PKR 56.9bn, up 68% YoY.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Non-interest income is anticipated to grow by 63% YoY to PKR 9....