Zenith Bank Group reported pre-tax profit of N928.80 billion for the 9 months ended September 2026, up 1.24% from N917.41 billion within the corresponding interval of 2025.
Third-quarter pre-tax profit stood at N290.85 billion in comparison with N276.6 billion within the second quarter of the yr and N291.7 billion a yr earlier.
Lower impairment charges supported pre-tax earnings regardless of declining gross earnings and buying and selling losses. However, a better tax cost pushed profit after tax down 11.56% to N675.83 billion.
Key Highlights
Figures beneath replicate consolidated outcomes, with balance-sheet comparisons in opposition to September 2025.
- Gross earnings: N2.87 trillion (Down 15.02% YoY from N3.37 trillion).
- Net curiosity revenue: N1.93 trillion (Up 0.09% YoY from N1.93 trillion).
- Net payment and fee revenue: N256.85 billion (Up 26.56% YoY from N202.94 billion).
- Pre-tax profit: N928.80 billion (Up 1.24% YoY from N917.41 billion).
- Profit after tax: N675.83 billion (Down 11.56% YoY from N764.20 billion).
- Earnings per share: N16.41 (Down 11.77% YoY from N18.60).
- Total property: N34.39 trillion (Up 10.30% YoY from N31.18 trillion).
- Cash and money equivalents: N4.38 trillion (Down 27.53% YoY from N6.04 trillion).
- Loans and advances: N11.64 trillion (Up 24.17% YoY from ₦9.37 trillion).
- Customer deposits: N27.11 trillion (Up 14.47% YoY from ₦23.69 trillion).
Driving the numbers
The principal help for earnings was a pointy discount in impairment charges. These fell 70.52% to N230.77 billion from N782.76 billion, a discount of N551.99 billion. This helped take in a reversal in buying and selling efficiency, from a N277.65 billion acquire to a N229.19 billion loss.
- Interest revenue declined 4.52% to N2.62 trillion. Interest earned on buyer loans elevated to N1.44 trillion from N1.36 trillion, however treasury-bill revenue fell to N572.99 billion from N740.50 billion. Income from authorities and different bonds additionally declined.
- Interest expense fell sooner than curiosity revenue, dropping 15.41% to N688.73 billion. Interest expense on borrowed funds declined to N64.93 billion from N196.00 billion, serving to hold internet curiosity revenue broadly secure.
- Fee revenue offered extra help as internet payment and fee revenue rose 26.56%, with electronic-product charges rising to N77.17 billion from N59.06 billion.
- Other working revenue reached N106.54 billion, supported by mortgage recoveries of N61.79 billion.
Nigeria remained the biggest geographical income contributor, producing N2.33 trillion, equal to roughly 81.38% of consolidated gross earnings earlier than allocating eliminations.
- Nigerian income declined 17.59%. Rest-of-Africa income rose 4.56% to N360.10 billion, whereas European income fell 11.13% to N176.16 billion.
- Costs continued to rise as different working bills elevated 17.57% to N625.61 billion, together with larger data expertise, gasoline and upkeep bills. Personnel bills rose 17.06% to N213.15 billion.
- The tax cost elevated 65.12% to N252.97 billion, explaining why after-tax profit declined regardless of the modest rise in pre-tax earnings.
The steadiness sheet expanded, with loans reaching N11.64 trillion and deposits N27.11 trillion.
Market response
Zenith Bank traded at N119 per share, down 0.83% on the finish day Friday October 30, 2026. The inventory was additionally down 11.2% month-to-date.
