Zenith Bank Plc has announced its unaudited financial results for the nine months ended September 30, 2025, posting a strong 16% year-on-year increase in gross earnings, rising from N2.9 trillion in Q3 2024 to N3.4 trillion in Q3 2025. The results reflect the Bank’s resilience, disciplined execution, and commitment to long-term shareholder value despite a challenging macroeconomic environment.

According to the financial statement submitted to the Nigerian Exchange (NGX), the growth in gross earnings was primarily driven by interest income, which surged 41% to N2.7 trillion, benefiting from a high-yield rate environment and expansion of the Bank’s investment portfolio. While interest expenses increased by 22% to N814 billion due to a tighter monetary cycle and a larger funding base, Zenith Bank maintained a healthy Net Interest Margin (NIM) of 12%, up from 10% in September 2024.

However, non-interest income declined 38% to N535 billion, largely due to a 60% drop in trading gains.

Profitability remained robust:

• Profit before tax (PBT): N917 billion (vs. N1.0 trillion in Q3 2024)
• Profit after tax (PAT): N764 billion (down 8%)
• Earnings per share (EPS): N18.60 (vs. N26.34 in Q3 2024)

The Bank took decisive measures to improve loan portfolio quality, resulting in a 9% decline in gross loans to N10 trillion and an improved Non-Performing Loan (NPL) ratio of 3% following write-offs.

Balance Sheet Highlights:

• Total assets: N31 trillion (up 4% from N30 trillion in December 2024)
• Customer deposits: N23.7 trillion (up 8%)
• ROAE: 23.3%
• ROAA: 3.3%
• Cost of funds: 4.5%
• Cost-to-income ratio: 45%
• Coverage ratio: 211.1%
• Liquidity ratio: 53%

These figures demonstrate Zenith Bank’s strong capital position, liquidity, and ability to fund strategic growth.

Commenting on the results, Group Managing Director/CEO, Dame Dr. Adaora Umeoji, OON, said:
“The Bank’s robust performance reflects the resilience of the Zenith brand, our result-driven strategy, and the adaptability of our people. We have strengthened our capital base, improved asset quality, and are well-positioned for sustainable, profitable growth.”

Looking ahead to Q4 2025, Dame Dr. Umeoji expressed optimism:
“Our focus on innovation, digital transformation, and client-focused solutions positions us to capitalize on emerging opportunities while maintaining disciplined growth. We are confident in sustaining this momentum and delivering exceptional value to our shareholders.”

Awards and Recognition

Zenith Bank’s consistent performance has earned multiple accolades:

• Number One Bank in Nigeria by Tier-1 Capital, 16th consecutive year (The Banker, Top 1000 World Banks, 2025)
• Nigeria’s Best Bank (Euromoney Awards, 2025)
• Bank of the Year (Nigeria) (The Banker, 2020, 2022, 2024)
• Best Bank in Nigeria (Global Finance, multiple years)
• Best Bank for Digital Solutions in Nigeria (Euromoney, 2023)
• Listed in World Finance Top 100 Global Companies, 2023
• Best Commercial Bank, Nigeria (World Finance Banking Awards, 2021–2025)
• Most Sustainable Bank, Nigeria (International Banker, 2023 & 2024)
• Best Corporate Governance Bank, Nigeria (World Finance, 2022–2025)
• Most Valuable Banking Brand in Nigeria (The Banker, 2020–2021)
• Various awards in retail banking, innovation, MSME finance, and rights issues

Additionally, Zenith Bank has earned non-financial accolades for corporate responsibility, gender equality, transparency, and reporting excellence, including Most Responsible Organisation in Africa and Best Company in Gender Equality and Women Empowerment at the SERAS CSR Awards Africa 2024.