LivingTrust Mortgage Bank Plc has reported a ₦255.6 million pre-tax profit for the third quarter of 2025, marking a 7.04% increase from ₦238.8 million recorded in the same period last year.

The bank’s gross earnings more than doubled to ₦2.1 billion, representing a 110.9% year-on-year rise, driven by stronger interest income and fee-based revenue. Interest income climbed 96.9% to ₦1.5 billion, while fee and commission income surged 145.1% to ₦64.7 million.

Despite the revenue boost, net interest income dipped 40.7% to ₦257.6 million, reflecting higher funding costs as interest expenses rose 265.9% to ₦1.2 billion.

Total assets increased 22.8% year-on-year to ₦29.5 billion, supported by growing customer deposits of ₦19.9 billion.

For the nine months ended September 30, 2025, the bank posted a cumulative ₦800 million pre-tax profit, up 2.6% from ₦779.9 million in the same period of 2024.