Abbey Mortgage Bank Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	22,002	18,972	11,954	7,203	4,836	3,314
Interest Paid on Deposits	16,521	13,884	8,558	4,629	2,805	1,684
Net Interest Income	5,481	5,089	3,397	2,574	2,030	1,630
Net Interest Income Growth (YoY)	50.80%	49.81%	31.96%	26.79%	24.52%	89.56%
Gain (Loss) on Sale of Assets	0.66	0.66	0.62	2.28	44.9	-7.15
Gain (Loss) on Sale of Investments	51.1	51.1	56.64	53.42	-	-32.22
Other Non-Interest Income	1,216	1,013	422.47	556.98	963.13	408.27
Total Non-Interest Income	1,268	1,064	479.73	612.68	1,008	368.89
Non-Interest Income Growth (YoY)	201.84%	121.88%	-21.70%	-39.22%	173.26%	207.39%
Revenues Before Loan Losses	6,749	6,153	3,876	3,187	3,038	1,999
Provision for Loan Losses	-15.27	-15.27	84.2	-108.48	-143.97	-180.12
Revenue	6,764	6,168	3,792	3,295	3,182	2,179
Revenue Growth (YoY)	70.36%	62.66%	15.08%	3.55%	46.01%	-
Salaries and Employee Benefits	931.02	903.8	955.01	774.63	639.36	590.43
Occupancy Expenses	209.56	203.37	190.97	155.65	108.15	71.75
Amortization of Goodwill & Intangibles	31.06	31.33	28.7	9.46	5.06	4.61
Selling, General & Administrative	220.7	201.24	157.93	139.95	129.75	108.63
Other Non-Interest Expense	1,856	1,703	1,231	1,264	1,473	742.83
Total Non-Interest Expense	3,248	3,043	2,563	2,344	2,355	1,518
EBT Excluding Unusual Items	3,516	3,125	1,229	951.34	827.27	661.06
Pretax Income	3,516	3,125	1,229	951.34	827.27	661.06
Income Tax Expense	976.68	960.51	160.76	80.06	61.11	38.87
Net Income	2,540	2,165	1,068	871.28	766.16	622.2
Net Income to Common	2,540	2,165	1,068	871.28	766.16	622.2
Net Income Growth	120.21%	102.67%	22.60%	13.72%	23.14%	-
Basic Shares Outstanding	10,154	10,154	10,154	10,154	10,154	7,024
Diluted Shares Outstanding	10,154	10,154	10,154	10,154	10,154	7,024
Shares Change (YoY)	-11.11%	-	-	-	44.56%	10.83%
EPS (Basic)	0.25	0.21	0.11	0.09	0.08	0.09
EPS (Diluted)	0.25	0.21	0.11	0.09	0.08	0.09
EPS Growth	147.74%	102.67%	22.60%	13.72%	-14.82%	-
Dividend Per Share	0.120	0.120	0.060	0.040	-	-
Dividend Growth	100.00%	100.00%	50.00%	-	-	-
Effective Tax Rate	27.77%	30.73%	13.08%	8.42%	7.39%	5.88%

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