Sterling Financial Surpasses N4 Trillion in Assets

Sterling Financial Holdings Company Plc achieved a historic milestone by crossing the N4 trillion asset threshold, with total assets reaching N4.07 trillion as of March 31, 2026. This growth follows a total asset figure of N3.91 trillion at the close of the 2025 financial year.

The company reported an 89.2% increase in profit before tax, amounting to N86.8 billion, compared to the previous year's profit before tax of N76.3 billion, which grew by 74.8%. This performance was driven by a 44.4% rise in gross earnings, totaling N486.8 billion.

In Q1 2026, gross earnings rose by 41.6% year-on-year to N134.8 billion, while profit before tax climbed by 52.8% to N27.9 billion. The successful completion of the group's recapitalization program increased shareholder funds to N542.5 billion, positioning the company for further growth in commercial banking, non-interest banking, and wealth management.