Sterling Financial Holdings Company Plc (NGX: STERLINGNG)

STERLINGNG Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	262,949	391,875	222,652	221,854	95,607	103,294
Investment Securities	662,234	495,791	376,748	289,028	256,754	248,686
Trading Asset Securities	25,684	2,388	1,728	10,237	1,454	8,317
Total Investments	687,918	498,179	378,476	299,265	258,208	257,003
Gross Loans	1,137,406	926,466	758,183	726,080	613,359	631,698
Allowance for Loan Losses	-38,258	-30,644	-20,448	-14,180	-16,532	-12,966
Net Loans	1,099,148	895,822	737,735	711,900	596,827	618,732
Property, Plant & Equipment	48,089	41,090	26,255	25,080	24,275	27,372
Other Intangible Assets	647	721	950	1,081	1,582	1,933
Investments in Real Estate	4,101	4,790	5,584	6,918	8,004	4,141
Other Receivables	227,414	221,942	149,907	93,737	37,526	17,613
Restricted Cash	578,949	447,677	295,295	243,869	228,791	122,126
Other Current Assets	23,054	6,978	10,608	6,018	6,016	10,384
Long-Term Deferred Tax Assets	9,507	9,507	7,005	6,971	6,971	6,971
Other Real Estate Owned & Foreclosed	-	-	-	-	-	701
Other Long-Term Assets	68,767	12,511	23,525	12,436	35,268	12,415
Total Assets	3,010,543	2,531,092	1,857,992	1,629,129	1,299,075	1,182,685
Interest Bearing Deposits	893,926	800,356	668,796	605,623	416,032	475,539
Non-Interest Bearing Deposits	1,324,576	1,042,459	696,187	618,698	556,092	417,121
Total Deposits	2,218,502	1,842,815	1,364,983	1,224,321	972,124	892,660
Short-Term Borrowings	2,161	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	9,275	-	1,666	-
Current Portion of Leases	-	-	-	41	-	-
Current Income Taxes Payable	1,374	1,468	1,607	1,018	551	201
Long-Term Debt	272,009	242,644	166,383	158,777	126,975	125,357
Long-Term Leases	117	134	295	19	114	65
Pension & Post-Retirement Benefits	174	-	-	-	-	-
Long-Term Deferred Tax Liabilities	1,927	1,927	-	-	-	-
Other Long-Term Liabilities	323,893	258,500	161,451	103,462	61,892	44,844
Total Liabilities	2,820,157	2,347,488	1,703,994	1,487,638	1,163,322	1,063,127
Common Stock	14,395	14,395	14,395	14,395	14,395	14,395
Additional Paid-In Capital	42,759	42,759	42,759	42,759	42,759	42,759
Retained Earnings	118,400	102,138	84,873	73,023	60,948	50,569
Comprehensive Income & Other	14,832	24,312	11,971	11,314	17,651	11,835
Shareholders' Equity	190,386	183,604	153,998	141,491	135,753	119,558
Total Liabilities & Equity	3,010,543	2,531,092	1,857,992	1,629,129	1,299,075	1,182,685
Total Debt	274,287	242,778	175,953	158,837	128,755	125,422
Net Cash (Debt)	14,346	151,485	48,427	73,254	-31,694	-13,811
Net Cash Growth	965.82%	212.81%	-33.89%	-	-	-
Net Cash Per Share	0.50	5.26	1.68	2.54	-1.10	-0.48
Filing Date Shares Outstanding	28,790	28,790	28,790	28,790	28,790	28,790
Total Common Shares Outstanding	28,790	28,790	28,790	28,790	28,790	28,790
Book Value Per Share	6.61	6.38	5.35	4.91	4.72	4.15
Tangible Book Value	189,739	182,883	153,048	140,410	134,171	117,625
Tangible Book Value Per Share	6.59	6.35	5.32	4.88	4.66	4.09

Source: S&P Capital IQ. Banks template. Financial Sources.