Wema Bank PLC (NGX:WEMABANK)

Wema Bank Balance Sheet

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
Cash & Equivalents	195,824	278,925	220,234	96,295	109,727	97,525
Investment Securities	1,266,604	856,740	630,211	333,382	136,344	106,299
Trading Asset Securities	53,552	45,456	4.67	20,934	38,694	78,226
Total Investments	1,320,156	902,196	630,216	354,315	175,037	184,525
Gross Loans	1,605,903	1,237,023	825,607	539,372	435,552	375,040
Allowance for Loan Losses	-44,147	-35,814	-24,503	-17,941	-16,688	-14,964
Net Loans	1,561,756	1,201,209	801,103	521,431	418,864	360,076
Property, Plant & Equipment	83,065	49,492	37,018	26,447	23,270	22,139
Other Intangible Assets	3,990	4,098	2,989	2,860	2,171	1,392
Investments in Real Estate	-	-	-	-	-	38.39
Other Receivables	2,075	3,356	5,801	1,416	14,059	8,933
Restricted Cash	782,084	838,595	503,321	386,993	313,847	246,975
Other Current Assets	7,379	6,417	4,142	2,215	1,407	1,190
Long-Term Deferred Tax Assets	472.08	472.08	7,105	12,983	15,501	18,236
Other Long-Term Assets	21,583	308,467	36,312	36,909	101,608	38,489
Total Assets	3,978,382	3,593,228	2,248,240	1,441,865	1,175,490	979,518
Accounts Payable	5,465	5,334	4,535	552.35	1,088	442.95
Accrued Expenses	83.48	67.53	46.22	230.8	99.4	71.89
Interest Bearing Deposits	1,734,332	1,880,886	974,354	843,233	725,632	592,559
Non-Interest Bearing Deposits	1,035,526	901,430	907,083	341,854	242,539	212,314
Total Deposits	2,769,859	2,782,315	1,881,437	1,185,088	968,171	804,873
Current Portion of Long-Term Debt	-	-	-	-	28,453	109.04
Current Income Taxes Payable	19,130	9,604	1,797	1,062	716.12	394.51
Other Current Liabilities	344,156	324,210	43,232	52,362	21,615	15,615
Long-Term Debt	142,330	109,868	80,467	69,456	44,279	73,414
Long-Term Leases	-	-	45.95	31.58	26.88	22.88
Other Long-Term Liabilities	185,338	105,408	97,382	50,540	40,895	25,432
Total Liabilities	3,466,361	3,336,807	2,108,941	1,359,322	1,105,344	920,376
Common Stock	17,787	10,715	6,429	6,429	19,287	19,287
Additional Paid-In Capital	214,859	77,431	29,698	8,698	8,698	8,698
Retained Earnings	259,309	153,335	89,709	57,577	36,453	29,070
Comprehensive Income & Other	20,065	14,940	13,463	9,838	5,708	2,087
Shareholders' Equity	512,021	256,421	139,299	82,543	70,147	59,142
Total Liabilities & Equity	3,978,382	3,593,228	2,248,240	1,441,865	1,175,490	979,518
Total Debt	142,330	109,868	80,513	69,487	72,759	73,546
Net Cash (Debt)	110,858	214,566	139,779	47,794	75,715	102,257
Net Cash Growth	-25.38%	53.50%	192.46%	-36.88%	-25.96%	-16.42%
Net Cash Per Share	5.82	12.01	10.87	3.72	5.89	7.95
Filing Date Shares Outstanding	35,573	21,430	12,858	12,858	12,858	12,858
Total Common Shares Outstanding	35,573	21,430	12,858	12,858	12,858	12,858
Book Value Per Share	14.39	11.97	10.83	6.42	5.46	4.60
Tangible Book Value	508,031	252,323	136,310	79,683	67,976	57,750
Tangible Book Value Per Share	14.28	11.77	10.60	6.20	5.29	4.49

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