Wema Bank PLC (NGX:WEMABANK)

Wema Bank 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	521,673	354,633	185,643	108,037	74,798	64,553
Interest Paid on Deposits	214,812	177,569	93,922	53,807	34,922	33,703
Net Interest Income	306,862	177,064	91,721	54,230	39,877	30,850
Net Interest Income Growth (YoY)	116.41%	93.05%	69.13%	35.99%	29.26%	18.72%
Income From Trading Activities	11,377	3,441	822.49	4,002	1,556	3,940
Gain (Loss) on Sale of Assets	29.56	471.68	330.91	-5.29	167.03	1,267
Gain (Loss) on Sale of Investments	2,046	2,497	0.23	1,531	557.33	326.27
Other Non-Interest Income	67,700	72,392	40,118	19,488	16,554	11,234
Total Non-Interest Income	81,152	78,801	41,271	25,016	18,834	16,767
Non-Interest Income Growth (YoY)	6.43%	90.93%	64.98%	32.82%	12.33%	-30.72%
Revenues Before Loan Losses	388,013	255,865	132,992	79,246	58,711	47,617
Provision for Loan Losses	20,976	21,650	10,563	4,762	2,104	5,635
Revenue	367,037	234,215	122,429	74,484	56,607	41,982
Revenue Growth (YoY)	84.27%	91.31%	64.37%	31.58%	34.84%	-4.71%
Salaries and Employee Benefits	63,336	45,475	26,755	21,333	16,677	14,082
Occupancy Expenses	10,833	8,740	6,122	4,546	3,399	3,136
Selling, General & Administrative	12,889	12,185	7,721	6,238	3,740	3,586
Other Non-Interest Expense	91,637	65,297	38,166	27,484	20,412	15,309
Total Non-Interest Expense	178,695	131,698	78,765	59,600	44,229	36,113
EBT Excluding Unusual Items	188,342	102,517	43,664	14,884	12,377	5,868
Pretax Income	188,342	102,517	43,664	14,884	12,377	5,932
Income Tax Expense	27,393	16,237	7,675	3,532	3,451	1,354
Net Income	160,950	86,280	35,989	11,352	8,927	4,577
Net Income to Common	160,950	86,280	35,989	11,352	8,927	4,577
Net Income Growth	131.64%	139.74%	217.03%	27.17%	95.01%	-11.97%
Basic Shares Outstanding	19,037	17,859	12,858	12,856	12,858	12,858
Diluted Shares Outstanding	19,037	17,859	12,858	12,856	12,858	12,858
Shares Change (YoY)	-1.30%	38.89%	0.02%	-0.02%	-	-
EPS (Basic)	8.45	4.83	2.80	0.88	0.69	0.36
EPS (Diluted)	8.45	4.83	2.80	0.88	0.69	0.36
EPS Growth	134.68%	72.61%	216.98%	27.19%	95.01%	-11.97%
Dividend Per Share	1.000	1.000	0.500	0.300	0.240	0.120
Dividend Growth	100.00%	100.00%	66.67%	25.00%	100.00%	-
Effective Tax Rate	14.54%	15.84%	17.58%	23.73%	27.88%	22.83%

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