The unaudited financial results of Sterling financial Holdings Company Plc for the nine-month-period ended September 30, 2025, showed that the lender recorded an impressive 127 per cent year-on-year growth in profit after tax (PAT) in testament to its robust earnings capacity, operational efficiency, and disciplined execution.
The results submitted to the Nigerian Exchange (NGX) Limited revealed that ...-tax profit stood at N62.3 billion compared with the N27.5 billion achieved in the same period of 2024.
The balance sheet of the lender remained healthy, with total assets rising by 15.5 per cent on a year-to-date basis to N4.09 trillion from N3.54 trillion in December 2024, fulled by growth in loans, investment securities, and liquid assets.
In addition, customer deposits grew by 14.3 per cent to N2.88 trillion, while shareholders’ funds increased by 32.9 pr cent to N405.5 billion, highlighting its solid capital base and its capacity to sustain future expansion.
As for the topline, the gross earnings expanded by 44.1 per cent to N341.7 billion from N237.2 billion between January and September 2024 as a result of solid performances in both interest and non-interest income lines.
Sterling Holdco’s interest income leapt by 38.7 per cent to N262.4 billion, supported by an expanded earning asset base, while non-interest income surged by 65.1 per cent to N79.2 billion, reflecting its continued success in diversifying its revenue streams.
“Our performance over the first nine months of 2025 demonstrates the strength and adaptability of our Group structure.
“The significant growth in profit after tax underscores the success of our strategy to operate as a diversified financial services group delivering value through both our conventional, non-interest banking, and asset management subsidiaries.
“Our results highlight disciplined risk management, innovative product delivery, and an unrelenting focus on sectors that drive real economic impact.
“We are equally grateful to our shareholders and the investing public for their confidence in the group, as reflected in the resounding success of our recently concluded public offer of 12.58 billion ordinary shares.
“As we continue to invest in technology and operational excellence, our goal remains clear: to build a resilient institution that consistently delivers sustainable returns,” the chief executive of Sterling Holdco, Yemi Odubiyi, stated.