Zenith Bank Plc has recorded a 16 per cent increase in gross earnings for the first nine months of 2025, rising to N3.37 trillion, up from N2.9 trillion in the same period of 2024. The bank disclosed the figures in its unaudited financial statements for the three quarters ending September 30, 2025, filed with the Nigerian Exchange Limited (NGX).
The growth in earnings was primarily driven by interest income, which jumped 41 per cent year-on-year to N2.7 trillion, fueled by a high-yield interest rate environment and an expansion of Zenith Bank’s investment portfolio. Meanwhile, interest expenses increased by 22 per cent to N814 billion, reflecting a tighter monetary policy and growth in the bank’s funding base. Despite this, Zenith Bank maintained a Net Interest Margin (NIM) of 12 per cent, up from 10 per cent last year.
Non-interest income, however, fell by 38 per cent to N535 billion, mainly due to a 60 per cent reduction in trading gains. As a result, profit before tax (PBT) slightly decreased to N917 billion, while profit after tax (PAT) dropped eight per cent to N764 billion. Earnings per share (EPS) came in at N18.60, compared to N26.34 in September 2024, as the bank focused on strengthening the quality of its loan portfolio.
The bank’s total assets grew four per cent from N30 trillion in December 2024 to N31 trillion, supported by an eight per cent rise in customer deposits to N23.7 trillion. Gross loans declined by nine per cent to N10 trillion, while the Non-Performing Loan (NPL) ratio improved to three per cent following the write-off of bad loans.
Commenting on the results, Group Managing Director/CEO Dr Adaora Umeoji said,
“These results reflect the strength of the Zenith brand, our strategic focus, and the adaptability of our team. With a stronger capital base and improved asset quality, we are well-positioned for sustainable growth.”
She added that the bank remains focused on digital innovation, customer-centric solutions, and disciplined growth, which will allow Zenith Bank to continue delivering strong returns and creating value for shareholders.
