Zenith Bank Plc has released its unaudited group financial results for the nine months ended September 30.
The group recorded a pre-tax profit of N917.4 billion in the period under review.
For the third quarter alone, it reported a pre-tax profit of N291.78 billion, showing a 6% rise from N275.8 billion in Q3 2024.
Gross earnings increased by 16.29% to N3.37 trillion from N2.89 trillion recorded in the same period of 2024.
Other financial figures for the period include net interest income of N1.93 trillion, non-interest revenue of N539.7 billion, operating profit (pre-impairment) of N1.31 trillion, profit before tax of N917.4 billion and profit after tax of N764.2 billion.
Total assets stood at N31.18 trillion, customer deposits at N23.69 trillion and loans and advances to customers at N9.37 trillion.
Group managing director and chief executive officer, Adaora Umeoji, said the bank remained disciplined on risk management and continued to build customer relationships across retail and corporate segments.
She added that the bank’s focus for the final quarter of the year would be service, prudent growth and value creation for shareholders.
The bank’s profit performance was driven by a 40.7% rise in interest income, which reached N2.74 trillion compared to N1.95 trillion in the same period of 2024.
Interest income from loans and advances was N1.36 trillion, while income from investment securities, including treasury bills, amounted to N740.5 billion from treasury bills and N400.3 billion from investment securities.
Interest expenses rose by 22.2% to N814.2 billion, mainly due to higher costs on customer deposits, which grew by 9.8% year-on-year to N23.69 trillion.
Net interest income stood at N1.93 trillion, representing a 50.4% year-on-year increase.
After accounting for impairment charges of N781.5 billion, net interest income after impairment was N1.15 trillion, up 42.2% from N802.9 billion in the previous year.
Impairment charges dropped in Q3 2025 to N20.71 billion from N62.5 billion in Q3 2024.
Non-interest income declined by 38% to N539.7 billion due to a 60% fall in trading income.
Gains on other trading books dropped to N261 billion from N755 billion in 2024, while the bank recorded a loss of N222.4 billion in the other trading books during Q3.
Fees and commission income rose by 10.45% to N299 billion, driven by account maintenance fees of N64 billion and fees on electronic products totaling N59 billion.
Total assets grew by 2.6% to N31.18 trillion, reflecting increases in cash and bank balances to N6.85 trillion from N5.38 trillion, loans and advances of N9.37 trillion, investment securities of N4.86 trillion and treasury bills of N4.2 trillion.
Customer deposits rose by 9.8% to N23.69 trillion.
Zenith Bank’s share price closed at N63 as of the last trading session, up 38.5% from N45.50 at the beginning of the year.
