Zenith Bank Plc (NGX: ZENITHBANK)

Zenith Bank 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	4,017,415	2,304,511	1,940,758	1,134,519	1,208,520	670,715
Investment Securities	7,577,091	5,793,629	3,730,211	2,730,538	2,128,590	1,558,536
Trading Asset Securities	898,806	559,032	62,317	78,525	93,773	104,979
Total Investments	8,475,897	6,352,661	3,792,528	2,809,063	2,222,363	1,663,515
Gross Loans	10,560,455	7,404,013	4,251,549	3,603,398	3,034,503	2,504,378
Allowance for Loan Losses	-909,160	-530,120	-139,234	-156,075	-142,456	-157,571
Net Loans	9,651,295	6,873,893	4,112,315	3,447,323	2,892,047	2,346,807
Property, Plant & Equipment	368,490	295,532	230,843	200,008	190,170	185,216
Other Intangible Assets	65,971	47,018	25,251	25,001	16,243	16,497
Other Receivables	408,090	90,689	87,516	46,324	184,796	223,839
Restricted Cash	4,215,911	3,983,407	1,749,608	1,330,897	1,411,422	760,950
Other Current Assets	165,227	203,647	216,709	313,583	180,694	246,100
Long-Term Deferred Tax Assets	30,085	17,251	18,343	1,837	5,787	11,885
Other Long-Term Assets	177,426	199,846	111,758	139,288	169,231	221,355
Total Assets	27,575,807	20,368,455	12,285,629	9,447,843	8,481,273	6,346,879
Accounts Payable	7,675	7,412	115,431	69,849	73,261	-
Interest Bearing Deposits	11,066,452	8,292,433	4,094,869	2,941,533	2,353,187	2,277,269
Non-Interest Bearing Deposits	8,567,032	6,875,307	4,880,784	3,530,521	2,986,724	1,985,020
Total Deposits	19,633,484	15,167,740	8,975,653	6,472,054	5,339,911	4,262,289
Short-Term Borrowings	614,054	604,957	531,118	163,537	39,189	70,032
Current Portion of Long-Term Debt	2,143,210	531,376	392,770	629,847	767,008	241,416
Current Portion of Leases	-	3,515	419	3,406	6,275	6,534
Current Income Taxes Payable	34,686	33,877	64,856	16,909	11,690	9,711
Other Current Liabilities	655,421	775,705	285,473	298,223	370,178	168,405
Long-Term Debt	574,894	608,103	357,079	386,799	502,709	457,756
Long-Term Leases	35,679	17,385	14,571	20,696	18,181	15,660
Long-Term Unearned Revenue	10,807	2,864	2,507	1,206	1,234	4,626
Long-Term Deferred Tax Liabilities	154,530	59,310	16,654	11,603	1	25
Other Long-Term Liabilities	517,408	232,831	150,158	94,052	234,163	168,539
Total Liabilities	24,381,848	18,045,075	10,906,689	8,168,181	7,363,800	5,404,993
Common Stock	15,698	15,698	15,698	15,698	15,698	15,698
Additional Paid-In Capital	255,047	255,047	255,047	255,047	255,047	255,047
Retained Earnings	2,219,478	1,686,206	1,035,449	908,771	758,595	616,131
Comprehensive Income & Other	701,589	364,801	71,933	99,002	87,159	54,256
Total Common Equity	3,191,812	2,321,752	1,378,127	1,278,518	1,116,499	941,132
Minority Interest	2,147	1,628	813	1,144	974	754
Shareholders' Equity	3,193,959	2,323,380	1,378,940	1,279,662	1,117,473	941,886
Total Liabilities & Equity	27,575,807	20,368,455	12,285,629	9,447,843	8,481,273	6,346,879
Total Debt	3,367,837	1,765,336	1,295,957	1,204,285	1,333,362	791,398
Net Cash (Debt)	1,548,384	1,098,207	707,118	8,759	-31,069	-15,704
Net Cash Growth	14.98%	55.31%	7973.04%	-	-	-
Net Cash Per Share	49.32	34.98	22.52	0.28	-0.99	-0.50
Filing Date Shares Outstanding	31,396	31,396	31,396	31,396	31,396	31,396
Total Common Shares Outstanding	31,396	31,396	31,396	31,396	31,396	31,396
Book Value Per Share	101.66	73.95	43.89	40.72	35.56	29.98
Tangible Book Value	3,125,841	2,274,734	1,352,876	1,253,517	1,100,256	924,635
Tangible Book Value Per Share	99.56	72.45	43.09	39.93	35.04	29.45

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