Sterling Financial Holdings Company Plc (NGX:STERLINGNG)

NGX:STERLINGNG Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	332,079	258,818	156,102	128,434	110,975	111,452
Interest Paid on Deposits	147,197	124,012	72,718	52,042	45,191	49,305
Net Interest Income	184,882	134,806	83,384	76,392	65,784	62,147
Net Interest Income Growth (YoY)	71.43%	61.67%	9.15%	16.13%	5.85%	-3.94%
Income From Trading Activities	25,647	15,653	20,794	7,692	5,798	8,654
Gain (Loss) on Sale of Assets	1,759	1,272	55	197	396	64
Other Non-Interest Income	71,839	51,077	35,972	32,808	25,147	15,665
Total Non-Interest Income	99,245	68,002	56,821	40,697	31,341	24,383
Non-Interest Income Growth (YoY)	39.95%	19.68%	39.62%	29.85%	28.54%	6.46%
Revenues Before Loan Losses	284,127	202,808	140,205	117,089	97,125	86,530
Provision for Loan Losses	11,708	10,784	12,335	9,122	9,821	7,906
Revenue	272,419	192,024	127,870	107,967	87,304	78,624
Revenue Growth (YoY)	64.45%	50.17%	18.43%	23.67%	11.04%	-3.84%
Salaries and Employee Benefits	49,205	31,327	22,982	16,944	14,917	14,841
Occupancy Expenses	7,965	5,625	4,814	4,879	5,145	6,050
Selling, General & Administrative	35,282	27,522	21,155	14,282	32,092	27,422
Other Non-Interest Expense	96,246	85,371	56,226	51,105	20,676	17,939
Total Non-Interest Expense	188,698	149,845	105,177	87,210	72,830	66,252
EBT Excluding Unusual Items	83,721	42,179	22,693	20,757	14,474	12,372
Pretax Income	83,721	42,179	22,693	20,757	14,474	12,372
Income Tax Expense	5,195	-1,496	1,109	1,459	959	1,130
Net Income	78,526	43,675	21,584	19,298	13,515	11,242
Net Income to Common	78,526	43,675	21,584	19,298	13,515	11,242
Net Income Growth	141.29%	102.35%	11.85%	42.79%	20.22%	6.04%
Basic Shares Outstanding	42,539	29,018	28,790	28,790	28,790	28,790
Diluted Shares Outstanding	42,539	29,018	28,790	28,790	28,790	28,790
Shares Change (YoY)	47.76%	0.79%	-	-	-	-
EPS (Basic)	1.85	1.51	0.75	0.67	0.47	0.39
EPS (Diluted)	1.80	1.51	0.75	0.67	0.47	0.39
EPS Growth	58.93%	100.76%	11.90%	42.73%	20.37%	5.91%
Dividend Per Share	0.180	0.180	-	0.150	0.100	0.050
Dividend Growth	-	-	-	50.00%	100.00%	66.67%
Effective Tax Rate	6.21%	-	4.89%	7.03%	6.63%	9.13%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.