Guaranty Trust Holding Company Plc (GTCO) has released its unaudited results for the third quarter of 2025 (Q3’25), reporting a Profit Before Tax (PBT) of N299.9 billion, marking a 39% increase year-on-year (YoY).

The bank’s gross earnings for the three-month period rose to N532 billion, up 15.5% from N461 billion in Q3’24, driven by strong growth in interest income and fee income, which grew 25.6% and 16.8% YoY, respectively.

For the nine months ended September 30, 2025, GTCO recorded a PBT of N900.8 billion, reflecting robust performance across its core earnings lines. The growth in core earnings cushioned the impact of the N523.2 billion fair value gains recognized in Q3-2024, which did not recur this year.

The bank’s total assets and shareholders’ funds stood at N16.7 trillion and N3.3 trillion, respectively. The Capital Adequacy Ratio (CAR) remained strong at 36.5%, while asset quality improved, with IFRS 9 Stage 3 loans declining to 3.3% at the bank level and 4.4% at the group level. Cost of risk (COR) also fell to 2.2%, compared with 4.9% in December 2024.

GTCO’s loan book (net) grew 16.5% to N3.24 trillion, while deposit liabilities increased 16% to N12.06 trillion over the same period.

Commenting on the results, GTCO Group CEO Segun Agbaje said,

“Our third quarter performance underscores the consistency and resilience of our business model, as well as the continued strength of our diversified financial services ecosystem. We are seeing steady, sustainable growth across our banking and non-banking businesses, supported by disciplined execution and a strong focus on operational efficiency.”

The results highlight GTCO’s continued focus on maintaining a diversified, liquid, and well-structured balance sheet across all its banking and non-banking operations, including Payments, Pension, and Funds Management.