Sterling Financial Holdings Plc has reported a strong financial performance for the third quarter of 2025, posting a profit before tax of ₦25.4 billion, compared to ₦12.07 billion recorded in the corresponding period of 2024. Profit after tax rose 83.5% to ₦20.5 billion, driven by growth in interest income and sustained expansion in non-interest revenue streams.

Interest income increased by 39.5% to ₦95.26 billion, reflecting higher yields on loans and investment securities. Despite a 50.9% rise in interest expenses, net interest income grew 28.9% to ₦45.6 billion.

Non-interest income also showed strong momentum, with fees and commissions up 74.6% to ₦13.81 billion, supported by higher transaction volumes and trading gains.

Total assets expanded 15.5% year-to-date to ₦4.09 trillion, while customer deposits rose 14.3% to ₦2.8 trillion. Shareholders’ equity strengthened by 33% to ₦405.5 billion, underscoring the group’s solid capital position.

Sterling attributed the performance to its diversified business model, prudent risk management, and operational efficiency. The group anticipates sustaining its earnings growth trajectory into the fourth quarter, projecting ₦149.27 billion in gross earnings for Q4 2025. Visit www.jocomms.com for more news.