Follow Us on Google
Sterling Financial Holdings Company Plc has reported a 37.1 per cent increase in profit before tax to N97.28 billion for the nine months ended September 30, 2026, as its total assets crossed the N5 trillion mark.
The unaudited results showed that profit before tax rose from the corresponding period of 2025, while profit after tax increased by 21 per cent to N75.37 billion.
Gross earnings grew by 33.2 per cent to N454.94 billion, while non-interest income rose by 27.6 per cent to N101.16 billion, supported by fees, commodities trading and investments in joint enterprises. The financial services group attributed its growing income base partly to the expansion of its businesses beyond traditional banking, including SterlingFi Wealth Management, which is beginning to contribute to earnings in its second year of operations.
The group’s total assets increased by 30.4 per cent from the end of 2025 to N5.10 trillion, reflecting growth in its balance sheet.
Net loans and advances to customers rose by 28.8 per cent to N1.82 trillion, while customer deposits increased by 28.7 per cent to N3.84 trillion.
Other News
Shareholders’ funds also grew by 38.8 per cent to N595.2 billion, while return on average equity stood at 20 per cent and return on average assets was 2.22 per cent. Commenting on the performance, the Group Chief Executive Officer, Sterling Financial Holdings Company, Yemi Odubiyi, said the results reflected the strength of its businesses and progress towards building a diversified financial services group.
He said crossing the ₦5 trillion asset mark was an important milestone, while SterlingFi’s growing contribution demonstrated the potential of the group’s expanding financial services portfolio.
Odubiyi said the group would focus on translating its growth into sustainable value for shareholders through disciplined capital allocation, effective governance and strategic oversight.
He added that Sterling Financial would continue to support its subsidiaries in pursuing growth while maintaining financial resilience and prudent risk management.
Sterling Financial Holdings Company has a portfolio that includes Sterling Bank Limited, Alternative Bank Limited and SterlingFi Wealth Management, among other businesses.
