FRA:9JO0 Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest Income on Loans	1,579,125	1,321,582	531,018	294,873	251,466	288,279
Interest Income on Investments	13,206	20,220	19,738	30,527	15,427	12,459
Total Interest Income	1,592,331	1,341,802	550,755	325,400	266,894	300,738
Interest Paid on Deposits	363,081	283,215	114,059	66,097	46,281	47,069
Net Interest Income	1,229,250	1,058,586	436,697	259,303	220,613	253,668
Net Interest Income Growth (YoY)	33.52%	142.41%	68.41%	17.54%	-13.03%	9.64%
Income From Trading Activities	103,178	86,238	62,201	40,282	29,646	-
Gain (Loss) on Sale of Assets	132.47	187.6	11.58	82.69	-15	26.81
Gain (Loss) on Sale of Investments	9,812	-27,668	-94,992	-35,945	-760.8	3,191
Other Non-Interest Income	221,767	688,590	558,764	160,315	142,813	148,221
Total Non-Interest Income	334,889	747,348	525,984	164,735	171,683	151,438
Non-Interest Income Growth (YoY)	-63.36%	42.09%	219.29%	-4.05%	13.37%	11.17%
Revenues Before Loan Losses	1,564,139	1,805,934	962,681	424,038	392,296	405,106
Provision for Loan Losses	142,897	136,662	102,953	11,987	8,531	19,573
Revenue	1,421,243	1,669,272	859,727	412,052	383,765	385,533
Revenue Growth (YoY)	-19.14%	94.16%	108.65%	7.37%	-0.46%	6.30%
Salaries and Employee Benefits	109,373	89,289	49,316	36,693	34,391	36,434
Occupancy Expenses	72,019	58,033	39,095	35,467	35,300	31,155
Selling, General & Administrative	57,554	48,702	23,634	21,782	9,517	11,504
Other Non-Interest Expense	234,713	207,002	138,374	103,990	83,059	68,346
Total Non-Interest Expense	473,658	403,026	250,419	197,932	162,267	147,438
EBT Excluding Unusual Items	947,584	1,266,246	609,308	214,120	221,498	238,095
Legal Settlements	-	-	-	34.51	-	-
Pretax Income	947,584	1,266,246	609,308	214,154	221,498	238,095
Income Tax Expense	315,143	248,443	69,654	44,981	46,658	36,655
Earnings From Continuing Operations	632,442	1,017,803	539,655	169,173	174,839	201,440
Minority Interest in Earnings	-13,921	-11,583	-5,229	-2,437	-2,732	-1,830
Net Income	618,521	1,006,220	534,425	166,737	172,107	199,609
Net Income to Common	618,521	1,006,220	534,425	166,737	172,107	199,609
Net Income Growth	-50.38%	88.28%	220.52%	-3.12%	-13.78%	2.16%
Basic Shares Outstanding	32,304	28,395	28,022	28,022	28,038	28,085
Diluted Shares Outstanding	32,304	28,395	28,022	28,022	28,038	28,085
Shares Change (YoY)	15.32%	1.33%	-	-0.06%	-0.17%	-
EPS (Basic)	19.15	35.44	19.07	5.95	6.14	7.11
EPS (Diluted)	19.15	35.44	19.07	5.95	6.14	7.11
EPS Growth	-56.97%	85.82%	220.50%	-3.07%	-13.63%	2.16%
Dividend Per Share	8.030	8.030	3.200	3.100	3.000	3.000
Dividend Growth	117.03%	150.94%	3.23%	3.33%	-	7.14%
Effective Tax Rate	33.26%	19.62%	11.43%	21.00%	21.07%	15.39%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.