Sterling Financial Reports 20.4% Profit Growth in H1 2026

Sterling Financial Holdings Company Plc announced a robust financial performance for the first half of 2026, with a 20.4% increase in profit after tax (PAT) to ₦50.3 billion, compared to the same period in 2025. Profit before tax (PBT) rose by 21.9% to ₦55.5 billion.

The growth was attributed to higher interest income, stronger fee-based earnings, and an expanding loan portfolio. Gross earnings surged by 31.5% to ₦279.6 billion, primarily due to a 33.7% increase in interest income, which reached ₦223.6 billion.

Net interest income grew by 41% to ₦137.4 billion, while non-interest income rose 23.3% to ₦56 billion. The Group's total assets increased by 19.3% to ₦4.67 trillion, with customer deposits climbing 21.1% to ₦3.62 trillion.

Shareholders’ funds grew by 27.8% to ₦547.7 billion, bolstered by a ₦96.6 billion public offer. The Group's Return on Average Equity (ROAE) was 20.6%, and Return on Average Assets (ROAA) improved to 2.35%.

The performance reflects ongoing investments in technology and operational efficiency, with a commitment to sustaining growth in the second half of the year.