Sterling HoldCo’s assets cross N4tn in Q1 2026

Sterling Financial Holdings Company Plc has reported strong financial results for the 2025 financial year and the first quarter of 2026, posting significant growth in earnings, assets, and shareholders’ funds across its businesses. According to the Group Chief Financial Officer, Adebimpe Olambiwonnu, the Group recorded its strongest performance in recent history, with gross earnings for […]

Sterling Financial Holdings Company Plc has reported strong financial results for the 2025 financial year and the first quarter of 2026, posting significant growth in earnings, assets, and shareholders’ funds across its businesses.

According to the Group Chief Financial Officer, Adebimpe Olambiwonnu, the Group recorded its strongest performance in recent history, with gross earnings for FY2025 rising by 44.4% to N486.8 billion.

Profit Before Tax increased by 89.2% to N86.8 billion, while Profit After Tax grew by 74.8% to N76.3 billion.

The Group also posted substantial balance sheet expansion during the year. Total assets climbed to N3.91 trillion, customer deposits rose to N2.98 trillion, and loans and advances closed at N1.41 trillion. Shareholders’ funds increased by 40.5% to N428.7 billion.

The growth momentum continued into the first quarter of 2026, with total assets surpassing the N4 trillion mark for the first time, reaching N4.07 trillion.

Gross earnings for Q1 2026 rose by 41.6% year-on-year to N134.8 billion, driven largely by a 36.8% increase in net interest income to N64.9 billion.

Operating income stood at N93.4 billion during the quarter, while Profit Before Tax rose by 52.8% to N27.9 billion.

Profit After Tax increased to N23.4 billion.

Shareholders’ funds strengthened further to N542.5 billion following the successful completion of the Group’s recapitalisation programme.

Commenting on the performance, Group Managing Director Yemi Odubiyi said the results reflected “continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency, and a strengthened capital position.”

He added that the recapitalisation exercise positions the Group for its next phase of expansion across commercial banking, non-interest banking, and wealth-management operations.

The Group said the continued growth of Sterling Bank, The Alternative Bank, and SterlingFI Wealth Management has strengthened its ability to compete across multiple segments under a unified structure and strategic agenda.

With stronger capital, expanded operating capacity, and sustained momentum across its banking and wealth-management businesses, the Group said it enters the remainder of 2026 well-positioned for long-term growth.