Sterling Financial Holdings Company Plc delivered strong earnings growth, balance sheet expansion and improved capital strength across the group in its 2025 and Q1 financial statements.

According to a statement by GFO, Adebimpe Olambiwonnu, gross earnings for the 2025 full year increased by 44.4 per cent to N486.8 billion, representing the strongest performance in the group’s history.

Profit before tax (PBT) rose by 89.2 per cent to N86.8 billion, while profit after tax (PAT) increased by 74.8 per cent to N76.3 billion.

The group’s balance sheet also strengthened significantly during the year. Total assets reached N3.91 trillion, customer deposits grew to N2.98 trillion, while loans and advances closed at N1.41 trillion. Shareholders’ funds expanded by 40.5 per cent to N428.7 billion.

It sustained the momentum into the first quarter (Q1), with the total rising to N4.07 trillion.

Gross earnings rose by 41.6 per cent year-on-year to N134.8 billion, supported by a 36.8 per cent increase in net interest income to N64.9 billion.

Operating income reached N93.4 billion during the quarter, while PBT increased by 52.8 per cent to N27.9 billion and PAT rose to N23.4 billion.

Shareholders’ funds strengthened further to N542.5 billion following the successful completion of its recapitalisation.

Commenting on the Group’s performance, Group Managing Director Yemi Odubiyi said: “Our FY2025 and Q1 2026 results reflect continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency and a strengthened capital position.

“The successful completion of our recapitalisation programme positions the Group for the next phase of growth across our commercial banking, non-interest banking, and wealth-management businesses. We remain focused on sustaining growth, strengthening our balance sheet and delivering long-term value across our diversified platform.”