From Premium Times Nigeria · Press Release · · 1m 30s
Sterling Financial reports 37.1% growth in nine-month profit before tax to ₦97.28bn
Sterling Financial's nine-month profit before tax jumps 37.1% to ₦97.28bn.
In brief
Sterling Financial's nine-month profit before tax jumps 37.1% to ₦97.28bn. Sterling Financial Holdings Company Plc reported 37.1% year-on-year growth in nine-month profit before tax to ₦97.28bn. Originally reported by Premium Times Nigeria.
Sterling Financial results
Sterling Financial Holdings Company Plc announced nine-month financial results for the period ended 30 September 2026.
Profit before tax growth
Profit before tax grew 37.1% year-on-year to ₦97.28 billion.
Profit after tax increase
Profit after tax increased 21.0% to ₦75.37 billion.
Gross earnings rise
Gross earnings rose 33.2% to ₦454.94 billion.
Non-interest income growth
Non-interest income increased 27.6% to ₦101.16 billion.
SterlingFi Wealth Management
SterlingFi Wealth Management, now in its second year of operations, began contributing to Group earnings.
Total assets expansion
Total assets rose 30.4% from year-end 2025 to ₦5.10 trillion.
Net loans growth
Net loans and advances to customers increased 28.8% to ₦1.82 trillion.
Customer deposits rise
Customer deposits rose 28.7% to ₦3.84 trillion.
Shareholders funds growth
Shareholders’ funds increased 38.8% to ₦595.2 billion.
Return on equity
The Group recorded a post-tax return on average equity of 20.0%.
Return on assets
The Group recorded a return on average assets of 2.22%.
CEO commentary
Yemi Odubiyi, Group Chief Executive Officer, said the Group's performance demonstrates collective strength and progress toward a diversified financial services group.
The key point
Sterling Financial Holdings Company Plc reported 37.1% year-on-year growth in nine-month profit before tax to ₦97.28bn.
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