Sterling Financial Holdings Company Plc has announced a 44.1 per cent rise in gross earnings to ₦341.7 billion for the nine months ending September 2025, compared to ₦237.2 billion recorded during the same period in 2024.
The financial results, released by the group on Sunday, showed that the growth was driven by strong performance in both interest and non-interest income segments, underscoring the effectiveness of its diversified business model.
According to the company, interest income rose by 38.7 per cent to ₦262.4 billion, supported by an expanded earning asset base, while non-interest income grew by 65.1 per cent to ₦79.2 billion, reflecting improved trading income, fees, and commissions.
The group’s total assets increased by 15.5 per cent to ₦4.09 trillion in September 2025, up from ₦3.54 trillion in December 2024. This growth, according to the company, was driven by higher loan volumes, investment securities, and liquid assets. Customer deposits also increased by 14.3 per cent to ₦2.88 trillion, while shareholders’ funds rose by 32.9 per cent to ₦405.5 billion, compared to ₦305.2 billion at the end of 2024.
Group Chief Executive Officer, Yemi Odubiyi, said the result reflected the “strength and adaptability” of Sterling HoldCo’s operating structure.
“Our performance over the first nine months of 2025 demonstrates the strength and adaptability of our group structure. The significant growth in profit after tax underscores the success of our strategy to operate as a diversified financial services group delivering value through both our conventional, non-interest banking and asset management subsidiaries,” he said.
Odubiyi added that the group’s growth was anchored on disciplined risk management and targeted investments in critical sectors of the economy.
“Our results highlight disciplined risk management, innovative product delivery, and an unrelenting focus on sectors that drive real economic impact. We are equally grateful to our shareholders and the investing public for their confidence in the group, as reflected in the resounding success of our recently concluded public offer of 12.58 billion ordinary shares,” he noted.
He further stated that the group remains committed to investing in technology and operational excellence to sustain performance and enhance customer experience.
Sterling HoldCo’s diversified structure comprises its conventional banking arm, Sterling Bank, and its non-interest subsidiary, The Alternative Bank, as well as its asset management and investment businesses. The group said these subsidiaries continue to contribute meaningfully to revenue growth and profit diversification.
The strong third-quarter performance follows other major Nigerian banks reporting robust earnings growth amid a challenging economic environment marked by tight monetary policy and inflationary pressures. Analysts believe Sterling HoldCo’s results demonstrate the resilience of its dual banking model and growing appeal among investors seeking exposure to Nigeria’s evolving financial landscape.
