Sterling Financial Holdings Strong Earnings

Sterling Bank (Nigeria) Plc announced its audited financial results for the year ended December 31, 2025, and unaudited results for the first quarter ended March 31, 2026. The company reported a 44.4% increase in Gross Earnings to ₦486.8 billion and an 89.2% rise in Profit Before Tax to ₦86.8 billion for FY2025. Total Assets reached ₦3.91 trillion, with Customer Deposits at ₦2.98 trillion. This momentum continued into Q1 2026, with Total Assets crossing ₦4 trillion for the first time, reaching ₦4.07 trillion. Gross Earnings for Q1 2026 increased by 41.6% year-on-year to ₦134.8 billion, and Profit Before Tax rose by 52.8% to ₦27.9 billion. The Group's capital position was further strengthened by the successful completion of its recapitalisation programme, increasing Shareholders' Funds to ₦542.5 billion. Yemi Odubiyi, Group Managing Director, highlighted continued growth across core businesses, including Sterling Bank, The Alternative Bank, and Annex Wealth Management.