Sterling Financial Holdings Company Plc (NGX:STERLINGNG)

NGX:STERLINGNG Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	732,465	391,875	222,652	221,854	95,607
Investment Securities	640,496	495,791	376,748	289,028	256,754
Trading Asset Securities	27,490	2,388	1,728	10,237	1,454
Total Investments	667,986	498,179	378,476	299,265	258,208
Gross Loans	1,140,405	926,466	758,183	726,080	613,359
Allowance for Loan Losses	-36,546	-30,644	-20,448	-14,180	-16,532
Net Loans	1,103,859	895,822	737,735	711,900	596,827
Property, Plant & Equipment	73,864	41,090	26,255	25,080	24,275
Other Intangible Assets	3,263	721	950	1,081	1,582
Investments in Real Estate	8,860	4,790	5,584	6,918	8,004
Other Receivables	160,383	221,942	149,907	93,737	37,526
Restricted Cash	714,790	447,677	295,295	243,869	228,791
Other Current Assets	18,848	6,978	10,608	6,018	6,016
Long-Term Deferred Tax Assets	9,507	9,507	7,005	6,971	6,971
Other Long-Term Assets	25,757	12,511	23,525	12,436	35,268
Total Assets	3,519,582	2,531,092	1,857,992	1,629,129	1,299,075
Interest Bearing Deposits	1,039,108	800,356	668,796	605,623	416,032
Non-Interest Bearing Deposits	1,545,709	1,042,459	696,187	618,698	556,092
Total Deposits	2,584,817	1,842,815	1,364,983	1,224,321	972,124
Current Portion of Long-Term Debt	-	-	9,275	-	1,666
Current Portion of Leases	-	-	-	41	-
Current Income Taxes Payable	6,527	1,468	1,607	1,018	551
Long-Term Debt	246,972	242,644	166,383	158,777	126,975
Long-Term Leases	1,567	134	295	19	114
Pension & Post-Retirement Benefits	3	-	-	-	-
Long-Term Deferred Tax Liabilities	2,277	1,927	-	-	-
Other Long-Term Liabilities	391,605	258,500	161,451	103,462	61,892
Total Liabilities	3,233,768	2,347,488	1,703,994	1,487,638	1,163,322
Common Stock	22,729	14,395	14,395	14,395	14,395
Additional Paid-In Capital	108,292	42,759	42,759	42,759	42,759
Retained Earnings	139,660	102,138	84,873	73,023	60,948
Comprehensive Income & Other	15,133	24,312	11,971	11,314	17,651
Shareholders' Equity	285,814	183,604	153,998	141,491	135,753
Total Liabilities & Equity	3,519,582	2,531,092	1,857,992	1,629,129	1,299,075
Total Debt	248,539	242,778	175,953	158,837	128,755
Net Cash (Debt)	511,416	151,485	48,427	73,254	-31,694
Net Cash Growth	237.60%	212.81%	-33.89%	-	-
Net Cash Per Share	17.62	5.26	1.68	2.54	-1.10
Filing Date Shares Outstanding	45,457	28,790	28,790	28,790	28,790
Total Common Shares Outstanding	45,457	28,790	28,790	28,790	28,790
Book Value Per Share	6.29	6.38	5.35	4.91	4.72
Tangible Book Value	282,551	182,883	153,048	140,410	134,171
Tangible Book Value Per Share	6.22	6.35	5.32	4.88	4.66

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