Zenith Bank Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	3,549,154	3,672,961	2,721,377	1,144,674	540,166	427,597
Interest Paid on Deposits	907,929	1,033,429	992,474	408,492	173,539	106,793
Net Interest Income	2,641,225	2,639,532	1,728,903	736,182	366,627	320,804
Net Interest Income Growth	11.21%	52.67%	134.85%	100.80%	14.28%	7.05%
Income From Trading Activities	-569,962	-63,114	1,100,002	566,973	212,678	167,483
Gain (Loss) on Sale of Assets	4,640	595	-995	189	2,563	78
Gain (Loss) on Sale of Investments	-	-	-	-	-	251
Other Non-Interest Income	584,787	485,035	34,881	364,931	165,726	141,223
Total Non-Interest Income	19,465	422,516	1,133,888	932,093	380,967	309,035
Non-Interest Income Growth	-97.54%	-62.74%	21.65%	144.66%	23.28%	22.76%
Revenues Before Loan Losses	2,660,690	3,062,048	2,862,791	1,668,275	747,594	629,839
Provision for Loan Losses	191,434	742,188	657,003	409,616	123,252	59,932
Revenue	2,469,256	2,319,860	2,205,788	1,258,659	624,342	569,907
Revenue Growth	11.95%	5.17%	75.25%	101.60%	9.55%	11.33%
Salaries and Employee Benefits	325,183	294,114	204,170	124,415	86,412	79,885
Occupancy Expenses	73,631	58,576	44,228	29,857	26,630	25,305
Amortization of Goodwill & Intangibles	17,799	16,940	8,318	3,469	3,678	3,779
Selling, General & Administrative	66,514	51,050	54,850	30,835	17,610	12,783
Other Non-Interest Expense	696,852	618,820	531,786	260,896	205,362	167,781
Total Non-Interest Expense	1,179,979	1,039,500	843,352	449,472	339,692	289,533
EBT Excluding Unusual Items	1,289,277	1,280,360	1,362,436	809,187	284,650	280,374
Asset Writedown	578	578	-1,802	-	-	-
Other Unusual Items	-15,100	-17,568	-33,783	-13,225	-	-
Pretax Income	1,274,755	1,263,370	1,326,851	795,962	284,650	280,374
Income Tax Expense	322,587	222,824	293,956	119,053	60,739	35,816
Earnings From Continuing Operations	952,168	1,040,546	1,032,895	676,909	223,911	244,558
Minority Interest in Earnings	-2,138	-799	-184	-340	139	-156
Net Income	950,030	1,039,747	1,032,711	676,569	224,050	244,402
Net Income to Common	950,030	1,039,747	1,032,711	676,569	224,050	244,402
Net Income Growth	-2.03%	0.68%	52.64%	201.97%	-8.33%	6.09%
Basic Shares Outstanding	41,070	41,070	31,423	31,396	31,396	31,396
Diluted Shares Outstanding	41,070	41,070	31,423	31,396	31,396	31,396
Shares Change	6.18%	30.70%	0.09%	-	-	-
EPS (Basic)	23.13	25.32	32.86	21.55	7.14	7.78
EPS (Diluted)	23.13	25.32	32.86	21.55	7.14	7.78
EPS Growth	-7.76%	-22.97%	52.51%	201.97%	-8.33%	6.09%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Dividend Per Share	10.250	10.000	5.000	4.000	3.200	3.100
Dividend Growth	95.24%	100.00%	25.00%	25.00%	3.23%	3.33%
Effective Tax Rate	25.31%	17.64%	22.15%	14.96%	21.34%	12.77%