FBN Holdings announced earnings results for the first half of 2018. For the first half, the company reported gross earnings up 1.6% year-on-year and this is driven largely by 21.4% increase in noninterest income. This increase was offset by a decline in interest income due largely to lower yields on investment securities and also a drop in the loans and advances and this is on account of pay downs they recorded during the quarter. Return on average equity is now 10%.

The company provided revenue guidance for the second half of 2018. Over the next half of the year with expected growth in revenue, especially at digital channel and interest rate as they create loans and their cost control and they are quite confident that will bring cost income ratio within guidance.