Zenith Bank Plc reported a pre-tax profit of N360.92 billion for the first quarter ended March 31, 2026, a 2.87 per cent increase from N350.82 billion recorded in the same period of 2025.
Gross revenue crossed the N1 trillion mark, rising 6.14 per cent year-on-year to N1.01 trillion, driven largely by strong interest income, which climbed to N869.10 billion.
Profit after tax edged up 0.69 per cent to N314.02 billion, reflecting stable earnings despite higher loan impairments and persistent cost pressures.
Net interest income rose 7.24 per cent to N634.08 billion, helped by a 4.64 per cent decline in interest expenses to N235.02 billion.
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Non-interest income also improved, with net fee and commission income surging 44.53 per cent to N81.05 billion, highlighting higher transaction volumes and digital banking adoption.
Loan impairments rose 16.53 per cent to N57.57 billion, reflecting a cautious approach to credit risk amid macroeconomic uncertainties.
Total assets dipped slightly to N32.01 trillion, while customer deposits grew 7.87 per cent to N24.47 trillion, underscoring sustained confidence in the lender.
Shareholders’ funds expanded 16.32 per cent to N5.17 trillion, reinforcing the bank’s capital strength.
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Zenith Bank shares have surged 108 per cent year-to-date, making it the ninth most valuable listed company on the Nigerian Exchange with a market capitalisation of approximately N5.28 trillion.
The bank recently inaugurated an operational office in Côte d’Ivoire as part of its expansion into Francophone Africa, broadening its footprint beyond Nigeria.
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