Sterling Financial Holdings Company Plc (NGX: STERLINGNG)

NGX: 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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	458,406	391,875	222,652	221,854	95,607	103,294
Investment Securities	717,692	495,791	376,748	289,028	256,754	248,686
Trading Asset Securities	17,026	2,388	1,728	10,237	1,454	8,317
Total Investments	734,718	498,179	378,476	299,265	258,208	257,003
Gross Loans	1,169,269	926,466	758,183	726,080	613,359	631,698
Allowance for Loan Losses	-38,903	-30,644	-20,448	-14,180	-16,532	-12,966
Net Loans	1,130,366	895,822	737,735	711,900	596,827	618,732
Property, Plant & Equipment	65,984	41,090	26,255	25,080	24,275	27,372
Other Intangible Assets	593	721	950	1,081	1,582	1,933
Investments in Real Estate	2,908	4,790	5,584	6,918	8,004	4,141
Other Receivables	119,115	221,942	149,907	93,737	37,526	17,613
Restricted Cash	740,774	447,677	295,295	243,869	228,791	122,126
Other Current Assets	19,390	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	174,860	12,511	23,525	12,436	35,268	12,415
Total Assets	3,456,621	2,531,092	1,857,992	1,629,129	1,299,075	1,182,685
Interest Bearing Deposits	1,319,290	800,356	668,796	605,623	416,032	475,539
Non-Interest Bearing Deposits	1,333,652	1,042,459	696,187	618,698	556,092	417,121
Total Deposits	2,652,942	1,842,815	1,364,983	1,224,321	972,124	892,660
Current Portion of Long-Term Debt	-	-	9,275	-	1,666	-
Current Portion of Leases	-	-	-	41	-	-
Current Income Taxes Payable	1,914	1,468	1,607	1,018	551	201
Long-Term Debt	276,838	242,644	166,383	158,777	126,975	125,357
Long-Term Leases	124	134	295	19	114	65
Pension & Post-Retirement Benefits	174	-	-	-	-	-
Long-Term Deferred Tax Liabilities	1,927	1,927	-	-	-	-
Other Long-Term Liabilities	314,940	258,500	161,451	103,462	61,892	44,844
Total Liabilities	3,248,859	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	129,584	102,138	84,873	73,023	60,948	50,569
Comprehensive Income & Other	21,024	24,312	11,971	11,314	17,651	11,835
Shareholders' Equity	207,762	183,604	153,998	141,491	135,753	119,558
Total Liabilities & Equity	3,456,621	2,531,092	1,857,992	1,629,129	1,299,075	1,182,685
Total Debt	276,962	242,778	175,953	158,837	128,755	125,422
Net Cash (Debt)	198,470	151,485	48,427	73,254	-31,694	-13,811
Net Cash Growth	-	212.81%	-33.89%	-	-	-
Net Cash Per Share	6.89	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	7.22	6.38	5.35	4.91	4.72	4.15
Tangible Book Value	207,169	182,883	153,048	140,410	134,171	117,625
Tangible Book Value Per Share	7.20	6.35	5.32	4.88	4.66	4.09

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