Zenith Bank Reports N928.8bn Pre-Tax Profit for 2026

Zenith Bank Plc (NGX: ZENITHBANK) announced a pre-tax profit of N928.8 billion for the nine months ending September 2026, marking a 1.24% increase from N917.4 billion in the same period of 2025, according to the bank's unaudited financial statements. This growth occurred despite a 15% decline in gross earnings, which fell to N2.87 trillion from N3.37 trillion.

A notable 70.5% reduction in credit impairment charges, decreasing from N782.76 billion to N230.77 billion, mitigated the impact of lower income. Key financial figures include net interest income remaining stable at N1.93 trillion, with interest income down 4.5% to N2.62 trillion and interest expenses down 15.4% to N688.73 billion.

Net fee and commission income rose 26.6% to N256.85 billion. However, the bank faced a net trading loss of N229.19 billion, contrasting with a gain of N277.65 billion in the same period of 2025.

Profit after tax decreased by 11.6% to N675.83 billion, primarily due to a 65.1% increase in income tax expenses to N252.97 billion. Operating expenses increased by 18.4% to N1.02 trillion.

Nigeria was the largest contributor to pre-tax profit, generating N680.54 billion.