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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	2,840,381	2,304,511	1,940,758	1,134,519	1,208,520	670,715
Investment Securities	7,302,527	5,793,629	3,730,211	2,730,538	2,128,590	1,558,536
Trading Asset Securities	635,609	559,032	62,317	78,525	93,773	104,979
Total Investments	7,938,136	6,352,661	3,792,528	2,809,063	2,222,363	1,663,515
Gross Loans	11,059,578	7,404,013	4,251,549	3,603,398	3,034,503	2,504,378
Allowance for Loan Losses	-986,130	-530,120	-139,234	-156,075	-142,456	-157,571
Net Loans	10,073,448	6,873,893	4,112,315	3,447,323	2,892,047	2,346,807
Property, Plant & Equipment	338,214	295,532	230,843	200,008	190,170	185,216
Other Intangible Assets	74,316	47,018	25,251	25,001	16,243	16,497
Other Receivables	3,781,984	90,689	87,516	46,324	184,796	223,839
Restricted Cash	4,888,677	3,983,407	1,749,608	1,330,897	1,411,422	760,950
Other Current Assets	177,942	203,647	216,709	313,583	180,694	246,100
Long-Term Deferred Tax Assets	16,038	17,251	18,343	1,837	5,787	11,885
Other Long-Term Assets	254,249	199,846	111,758	139,288	169,231	221,355
Total Assets	30,383,385	20,368,455	12,285,629	9,447,843	8,481,273	6,346,879
Accounts Payable	12,560	7,412	115,431	69,849	73,261	-
Interest Bearing Deposits	13,526,929	8,292,433	4,094,869	2,941,533	2,353,187	2,277,269
Non-Interest Bearing Deposits	8,042,138	6,875,307	4,880,784	3,530,521	2,986,724	1,985,020
Total Deposits	21,569,067	15,167,740	8,975,653	6,472,054	5,339,911	4,262,289
Short-Term Borrowings	11,416	604,957	531,118	163,537	39,189	70,032
Current Portion of Long-Term Debt	-	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	116,631	33,877	64,856	16,909	11,690	9,711
Other Current Liabilities	1,011,393	775,705	285,473	298,223	370,178	168,405
Long-Term Debt	2,801,389	608,103	357,079	386,799	502,709	457,756
Long-Term Leases	39,110	17,385	14,571	20,696	18,181	15,660
Long-Term Unearned Revenue	6,678	2,864	2,507	1,206	1,234	4,626
Long-Term Deferred Tax Liabilities	75,367	59,310	16,654	11,603	1	25
Other Long-Term Liabilities	1,230,854	232,831	150,158	94,052	234,163	168,539
Total Liabilities	26,874,465	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	2,439,181	1,686,206	1,035,449	908,771	758,595	616,131
Comprehensive Income & Other	796,542	364,801	71,933	99,002	87,159	54,256
Total Common Equity	3,506,468	2,321,752	1,378,127	1,278,518	1,116,499	941,132
Minority Interest	2,452	1,628	813	1,144	974	754
Shareholders' Equity	3,508,920	2,323,380	1,378,940	1,279,662	1,117,473	941,886
Total Liabilities & Equity	30,383,385	20,368,455	12,285,629	9,447,843	8,481,273	6,346,879
Total Debt	2,851,915	1,765,336	1,295,957	1,204,285	1,333,362	791,398
Net Cash (Debt)	624,075	1,098,207	707,118	8,759	-31,069	-15,704
Net Cash Growth	-34.21%	55.31%	7973.04%	-	-	-
Net Cash Per Share	19.88	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	111.68	73.95	43.89	40.72	35.56	29.98
Tangible Book Value	3,432,152	2,274,734	1,352,876	1,253,517	1,100,256	924,635
Tangible Book Value Per Share	109.32	72.45	43.09	39.93	35.04	29.45

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