LivingTrust Mortgage Bank Plc has reported an impressive 87 per cent year-on-year growth in gross earnings to N5.1bn for the third quarter ended September 30, 2025, compared to N2.7bn recorded in the same period of 2024.
The bank’s unaudited third-quarter results reflect strong performance across key financial indicators, reinforcing its position as one of Nigeria’s fastest-growing and most resilient financial institutions in the mortgage and retail banking sector.
According to the management, the performance was driven by solid growth in net operating income, which rose by 24 per cent year-on-year to N2.2bn from N1.8bn in the corresponding period of 2024.
Profit before tax stood at N800m, while profit after tax closed at N755m, underscoring the bank’s efficient business model and strategic execution.
A breakdown of the balance sheet showed that total assets rose to N29.5bn, customer deposits to N22.5bn, loans and advances to N15.7bn, and shareholders’ equity to N5.1bn as of September 30, 2025.
The bank noted that its focus remains on driving prudent growth, scaling its digital and transaction-led income streams, diversifying revenue, and maintaining disciplined portfolio management across its products and services.
Management expressed optimism that the bank’s innovation-driven strategy will continue to deliver sustainable value and long-term returns to shareholders while contributing to the deepening of Nigeria’s mortgage and retail banking landscape.
