With notable increases in earnings, assets, and shareholders’ funds across all of its businesses, Sterling Financial Holdings Company Plc has released impressive financial results for the 2025 fiscal year and the first quarter of 2026.
Gross earnings for FY2025 increased by 44.4% to N486.8 billion, marking the Group’s best performance in recent memory, according to Group Chief Financial Officer Adebimpe Olambiwonnu.
Profit After Tax grew by 74.8% to N76.3 billion, while Profit Before Tax increased by 89.2% to N86.8 billion.
Throughout the year, the Group also reported a significant expansion of its balance sheet. Customer deposits increased to N2.98 trillion, total assets reached N3.91 trillion, and loans and advances ended at N1.41 trillion. Funds for shareholders rose to N428.7 billion, a 40.5% increase.
The growth momentum persisted into the first quarter of 2026, when total assets reached N4.07 trillion, the first time over N4 trillion.
Net interest income increased by 36.8% to N64.9 billion, which was the primary driver of the 41.6% year-over-year increase in gross earnings for Q1 2026 to N134.8 billion.
Profit Before Tax increased by 52.8% to N27.9 billion during the quarter, while operating income was N93.4 billion.
After-tax profit rose to N23.4 billion.
After the Group’s recapitalization programme was successfully completed, shareholders’ funds increased to N542.5 billion.
Group Managing Director Yemi Odubiyi commented on the performance, stating that it showed “continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency, and a strengthened capital position.”
The recapitalization process, he continued, sets up the Group for its next stage of growth in the areas of wealth management, non-interest banking, and commercial banking.
According to the Group, the ongoing expansion of Sterling Bank, The Alternative Bank, and SterlingFI Wealth Management has improved its capacity to compete in a variety of markets under a single organisational structure and strategic plan.
The Group stated that it is well-positioned for long-term growth going into the remainder of 2026 thanks to stronger capital, increased operating capacity, and consistent momentum across its banking and wealth-management businesses.
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