IMPACT OF FINANCIAL PERFORMANCE ON SHARE PRICE OF LISTED DEPOSIT MONEY BANKS IN NIGERIA

This study was set to examine the impact of financial performance on share prices of listed deposit money banks in Nigeria with specific objective centered on the impact of operating profit margin, net interest margin and earning per share on share prices. The scope of the study is 2010-2023 period and a sample of nine out of the fourteen listed deposit money banks as at 2023 was used. Data for the study was generated from the financial statements of the deposit money banks and investing.com data base. Eviews 12 Software was used for data analysis using panel data analysis model.  Results of analysis showed that OPM as a measure of profitability, and by extension performance, negatively and significantly impacted on share price of listed commercial banks in Nigeria during the scope of this study.  While NIM and EPS have positive and statistically significant influence on share price, NIM has a fairly strong positive relationship with share price but EPS has a low positive relationship. It is recommended that investors should not use OPM to make their investment decision while NIM and EPS ratios should be used in their investment decisions in deposit money banks in Nigeria as this study has revealed that they significantly impact stock prices