Wema Bank PLC (NGX:WEMABANK)
Nigeria flag Nigeria · Delayed Price · Currency is NGN
23.50
0.00 (0.00%)
At close: Aug 22, 2025

Wema Bank Income Statement

Millions NGN. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2024FY 2023FY 2022FY 2021FY 20202016 - 2020
Period Ending
Jun '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20 2016 - 2020
Interest Income on Loans
449,221354,633185,643108,03774,79864,553
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Interest Paid on Deposits
206,122177,56993,92253,80734,92233,703
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Net Interest Income
243,098177,06491,72154,23039,87730,850
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Net Interest Income Growth (YoY)
99.19%93.05%69.13%35.99%29.26%18.72%
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Income From Trading Activities
4,4573,441822.494,0021,5563,940
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Gain (Loss) on Sale of Assets
23.41471.68330.91-5.29167.031,267
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Gain (Loss) on Sale of Investments
4,0052,4970.231,531557.33326.27
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Other Non-Interest Income
100,29472,39240,11819,48816,55411,234
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Total Non-Interest Income
108,77978,80141,27125,01618,83416,767
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Non-Interest Income Growth (YoY)
77.19%90.93%64.98%32.82%12.33%-30.72%
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Revenues Before Loan Losses
351,878255,865132,99279,24658,71147,617
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Provision for Loan Losses
17,52921,65010,5634,7622,1045,635
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334,349234,215122,42974,48456,60741,982
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Revenue Growth (YoY)
97.13%91.31%64.37%31.58%34.84%-4.71%
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Salaries and Employee Benefits
50,88145,47526,75521,33316,67714,082
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Occupancy Expenses
10,0428,7406,1224,5463,3993,136
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Selling, General & Administrative
13,62012,1857,7216,2383,7403,586
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Other Non-Interest Expense
87,25865,29738,16627,48420,41215,309
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Total Non-Interest Expense
161,801131,69878,76559,60044,22936,113
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EBT Excluding Unusual Items
172,548102,51743,66414,88412,3775,868
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Pretax Income
172,548102,51743,66414,88412,3775,932
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Income Tax Expense
25,34416,2377,6753,5323,4511,354
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Net Income
147,20586,28035,98911,3528,9274,577
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Net Income to Common
147,20586,28035,98911,3528,9274,577
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Net Income Growth
182.59%139.74%217.03%27.17%95.01%-11.97%
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Basic Shares Outstanding
17,85917,85912,85812,85612,85812,858
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Diluted Shares Outstanding
17,85917,85912,85812,85612,85812,858
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Shares Change (YoY)
4.17%38.89%0.02%-0.02%--
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EPS (Basic)
8.244.832.800.880.690.36
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EPS (Diluted)
8.244.832.800.880.690.36
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EPS Growth
171.28%72.61%216.98%27.19%95.01%-11.97%
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Dividend Per Share
1.0001.0000.5000.3000.2400.120
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Dividend Growth
100.00%100.00%66.67%25.00%100.00%-
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Effective Tax Rate
14.69%15.84%17.58%23.73%27.88%22.83%
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Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.