Sterling Holdings sustains growth as assets cross N4 trn mark Q1’26

By Peter Egwuatu

Sterling Financial Holdings Plc, has grown its assets to about N4.07 trillion in the first quarter, 2026,Q1’26 from N3.911 trillion in Q1’25.

The companyannounced that its audited financial results 2025, alongside its unaudited results for the first quarter ended March 31, 2026, recorded strong earnings growth, balance sheet expansion, and improved capital strength across the Group.

According to a statement by the Group Chief Financial Officer, CFO, Sterling Financial Holdings, Adebimpe Olambiwonnu, gross earnings for 2025 increased by 44.4% to N486.8 billion, representing the strongest performance in the Group’s modern history.

Profit Before Tax rose by 89.2

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

The Group’s balance sheet also strengthened significantly during the year.

Total Assets reached N3.91 trillion, Customer Deposits grew to N2.98 trillion, and Loans and Advances closed at N1.41 trillion while Shareholders’ Funds expanded by 40.5% to N428.7 billion.

Sterling Financial sustained this momentum into the first quarter of 2026, with Total Assets crossing the N4 trillion threshold for the first time, reaching N4.07 trillion.

Gross Earnings for Q1 2026 rose by 41.6% year-on-year to N134.8 billion, supported by a 36.8% increase in Net Interest Income to N64.9 billion.

Operating income reached N93.4 billion during the quarter, while Profit Before Tax increased by 52.8% to ₦27.9 billion and Profit After Tax rose 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 Group’s performance, Yemi Odubiyi, Group Managing Director of Sterling Financial Holdings Company Plc, said: “Our 2025 and Q1 2026 results reflect continued growth across the Group’s core businesses, supported by disciplined execution, improved operating efficiency, and a strengthened capital position.

The successful completion of our recapitalisation programme positions the Group for the next phase of growth across our commercial banking, non-interest banking, and wealth-management businesses. We remain focused on sustaining growth, strengthening our balance sheet and delivering long-term value across our diversified platform.”

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