Sterling Financial Holdings Reports N97.28bn Profit Growth

Sterling Financial Holdings Company Plc announced its unaudited financial results for the nine months ending 30 September 2026, reporting a profit before tax of N97.28bn, reflecting a 37.1% growth. Profit after tax increased by 21.0% to N75.37bn, and gross earnings rose by 33.2% to N454.94bn.

Non-interest income climbed 27.6% to N101.16bn, driven by fee-based activities, commodities trading, and joint enterprise investments. The group’s diversification strategy, particularly through SterlingFi Wealth Management, contributed to earnings and broadened income streams.

Total assets surpassed N5tn, reaching N5.10tn, with net loans and advances to customers increasing by 28.8% to N1.82tn and customer deposits growing by 28.7% to N3.84tn. Shareholders’ funds expanded by 38.8% to N595.2bn.

Yemi Odubiyi, Group Chief Executive Officer, stated the group's focus on disciplined resource management and value creation across its subsidiaries, emphasizing the importance of sustainable growth and financial resilience.