Zenith Bank Plc has posted its 2025 first-quarter unaudited financial statement, reporting a post-tax profit of N311.8 billion, a 21% surge from the N258.3 billion reported in the same period in 2024.
As revealed in the bank’s financial statement, it experienced a strong performance within the first three months of 2025, boosted by significant improvement in net interest income and gross earnings.
Gross earnings grew by 22% to N949.9 billion, compared to the previous year’s first-quarter earnings of N780.6 billion.
Net Interest Income N591.2 billion, from N306.5 billion, as the group’s earnings from its lending and investment activities increased, signifying growth in its interest-earning assets.
Profit before tax moved to N350.8 billion, up from N320.2 billion. While earnings per share declined to N7.59, from N8.22 in the same period in 2024.
Asset and liabilities also witnessed a considerable increase as the total assets surged to N32.4 trillion. While the liabilities increased to N27.97 trillion, from N21.4 trillion.
However, net income on fee and commission declined to N56 billion from N57.7 billion, signifying the group’s heavy reliance on its lending and investment activities as credit-related fees, fees on electronic products, and foreign withdrawal charges declined.
The group’s financial performance reflects a mix of growth and strategic adjustments. The results highlight a period of transition, with opportunities to strengthen diversified income streams and optimize shareholder returns while maintaining steady growth.
