Zenith Bank Plc has reported a 16% increase in gross earnings for the first nine months of 2025, bringing total revenue to N3.37 trillion, up from N2.9 trillion in Q3 2024. The bank released its unaudited financial results for the period ending September 30, 2025, with the figures filed at the Nigerian Exchange Limited (NGX).
The growth in earnings was mainly driven by a 41% surge in interest income, which rose to N2.7 trillion, supported by favourable interest rates and the bank’s expanded investment portfolio. While interest expenses increased by 22% to N814 billion due to a tightening monetary environment and higher funding costs, Zenith Bank maintained a healthy Net Interest Margin of 12%, compared to 10% in the same period last year.
Non-interest income, however, fell 38% to N535 billion, largely due to a 60% decline in trading gains. Consequently, profit before tax dipped slightly to N917 billion, while profit after tax declined 8% to N764 billion. Earnings per share (EPS) stood at N18.60, down from N26.34 in September 2024, reflecting strategic efforts to improve the quality of the bank’s loan portfolio.
Zenith Bank’s total assets increased 4% to N31 trillion, underpinned by an 8% rise in customer deposits to N23.7 trillion. Gross loans fell 9% to N10 trillion, while the Non-Performing Loan ratio improved to 3% following write-offs of non-performing loans.
Commenting on the performance, Group Managing Director/CEO Dr Adaora Umeoji said,
“Our strong results demonstrate the resilience of Zenith Bank, the effectiveness of our strategy, and the adaptability of our people. We have strengthened our capital base and asset quality, positioning us for sustained, profitable growth.”
She added that the bank remains focused on innovation, digital transformation, and client-driven solutions, ensuring that Zenith Bank continues to deliver strong returns and value creation for its shareholders.
