Sterling Financial Holdings Company Plc has posted a 44.1 per cent increase in gross earnings to N341.7bn at the end of September 2025, compared to N237.2bn in the previous year.
According to Sterling Holdco in a statement on Sunday, the growth in gross earnings was driven by increases in both interest and non-interest income segments.
Interest income grew by 38.7 per cent to N262.4bn, supported by an expanded earning asset base, while non-interest income rose by 65.1 per cent to N79.2bn, reflecting the group’s ability to diversify its revenue streams. Sterling HoldCo maintained a healthy balance sheet, with total assets rising by 15.5 per cent to N4.09tn in September 2025 from N3.54tn in December 2024.
This is on the back of growth in loans, investment securities, and liquid assets. Customer deposits also grew by 14.3 per cent to N2.88tn, while shareholders’ funds increased by 32.9 per cent to N405.5bn, up from N305.2bn in December 2024.
Commenting on the results, Group Chief Executive, Sterling Financial Holdings Company Plc, Yemi Odubiyi, said, “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”.
