Zenith Bank Plc (NGX:ZENITHBANK)

Zenith 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	5,894,073	4,792,273	2,304,511	1,940,758	1,134,519	1,208,520
Investment Securities	8,236,606	7,516,358	5,793,629	3,730,211	2,730,538	2,128,590
Trading Asset Securities	209,468	322,517	559,032	62,317	78,525	93,773
Total Investments	8,446,074	7,838,875	6,352,661	3,792,528	2,809,063	2,222,363
Gross Loans	10,463,495	11,094,101	7,404,013	4,251,549	3,603,398	3,034,503
Allowance for Loan Losses	-642,701	-1,028,452	-498,977	-139,234	-156,075	-142,456
Net Loans	9,820,794	10,065,649	6,905,036	4,112,315	3,447,323	2,892,047
Property, Plant & Equipment	382,975	400,441	295,532	230,843	200,008	190,170
Other Intangible Assets	81,027	88,196	47,018	25,251	25,001	16,243
Other Receivables	43,290	972,571	59,546	87,516	46,324	184,796
Restricted Cash	6,105,770	5,356,128	3,983,407	1,749,608	1,330,897	1,411,422
Other Current Assets	129,720	89,508	29,379	216,709	313,583	180,694
Long-Term Deferred Tax Assets	14,084	21,542	17,251	18,343	1,837	5,787
Other Long-Term Assets	258,552	332,342	374,114	111,758	139,288	169,231
Total Assets	31,176,359	29,957,525	20,368,455	12,285,629	9,447,843	8,481,273
Accounts Payable	33,442	15,130	7,412	115,431	69,849	73,261
Interest Bearing Deposits	13,131,557	12,690,925	8,292,433	4,094,869	2,941,533	2,353,187
Non-Interest Bearing Deposits	10,556,166	9,268,444	6,875,307	4,880,784	3,530,521	2,986,724
Total Deposits	23,687,723	21,959,369	15,167,740	8,975,653	6,472,054	5,339,911
Short-Term Borrowings	14,960	9,258	70,486	531,118	163,537	39,189
Current Portion of Long-Term Debt	-	1,792,101	1,065,847	392,770	629,847	767,008
Current Portion of Leases	-	4,785	3,515	419	3,406	6,275
Current Income Taxes Payable	80,377	256,168	33,877	64,856	16,909	11,690
Other Current Liabilities	938,107	1,056,267	775,705	285,473	298,223	370,178
Long-Term Debt	860,668	503,809	608,103	357,079	386,799	502,709
Long-Term Leases	36,353	32,281	17,385	14,571	20,696	18,181
Long-Term Unearned Revenue	7,832	7,172	2,864	2,507	1,206	1,234
Long-Term Deferred Tax Liabilities	2,782	5,502	59,310	16,654	11,603	1
Other Long-Term Liabilities	784,029	286,410	232,831	150,158	94,052	234,163
Total Liabilities	26,446,273	25,928,252	18,045,075	10,906,689	8,168,181	7,363,800
Common Stock	20,535	20,535	15,698	15,698	15,698	15,698
Additional Paid-In Capital	594,113	594,113	255,047	255,047	255,047	255,047
Retained Earnings	3,293,614	2,672,952	1,686,206	1,035,449	908,771	758,595
Comprehensive Income & Other	818,292	739,308	364,801	71,933	99,002	87,159
Total Common Equity	4,726,554	4,026,908	2,321,752	1,378,127	1,278,518	1,116,499
Minority Interest	3,532	2,365	1,628	813	1,144	974
Shareholders' Equity	4,730,086	4,029,273	2,323,380	1,378,940	1,279,662	1,117,473
Total Liabilities & Equity	31,176,359	29,957,525	20,368,455	12,285,629	9,447,843	8,481,273
Total Debt	911,981	2,342,234	1,765,336	1,295,957	1,204,285	1,333,362
Net Cash (Debt)	5,191,560	2,772,556	1,098,207	707,118	8,759	-31,069
Net Cash Growth	731.88%	152.46%	55.31%	7973.05%	-	-
Net Cash Per Share	134.22	88.23	34.98	22.52	0.28	-0.99
Filing Date Shares Outstanding	41,070	41,070	31,396	31,396	31,396	31,396
Total Common Shares Outstanding	41,070	31,396	31,396	31,396	31,396	31,396
Book Value Per Share	115.09	128.26	73.95	43.89	40.72	35.56
Tangible Book Value	4,645,527	3,938,712	2,274,734	1,352,876	1,253,517	1,100,256
Tangible Book Value Per Share	113.11	125.45	72.45	43.09	39.93	35.04

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