Sterling Financial Holdings Reports 37% Profit Surge in 2026

Sterling Financial Holdings Company Plc announced a pre-tax profit of N97.28 billion in its unaudited financial results for the nine months ending 30 September 2026, marking a 37.09% increase from N70.96 billion in the same period of 2025. This growth was primarily fueled by a 33.15% rise in gross earnings, totaling N454.94 billion, largely due to stronger interest income, which increased by 34.82% to N353.78 billion.

Profit after tax rose by 20.99% to N75.37 billion, despite a decline in earnings per share by 11.47% to N11.35. The company’s total assets grew to N5.10 trillion from N3.91 trillion, with total equity increasing by 38.83% to N595.16 billion.

The non-performing loan ratio improved slightly to 4.6% from 4.7%. Following the approval of its financial results on 27 October 2026, Sterling's share price rose by 1.32% on 28 October, closing at N77.00.