{
  "id": 17026226,
  "title": "Sterling Financial Holdings’ 9M 2026 pre-tax profit rises 37% to N97.28 billion",
  "url": "https://urgent.news/2026/10/29/sterling-financial-holdings-9m-2026-pre-tax-profit-rises-37-to-n97-28",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-29T07:01:08.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/29/sterling-financial-holdings-9m-2026-pre-tax-profit-rises-37-to-n97-28-billion/"
  },
  "original_language": "en",
  "account": "Sterling Financial Holdings Company Plc announced a surge in profits for the nine months ending in September 2026, with pre-tax earnings soaring 37.09% to N97.28 billion. This marked a significant jump from N70.96 billion in the same period last year, driven primarily by robust interest income growth. Interest income jumped by 34.82% to N353.78 billion, accounting for more than three-quarters of the group's gross earnings of N454.94 billion. Although funding costs rose, they did so at a slower pace than interest income, contributing to the overall profit increase. Despite this financial success, Sterling's profit after tax rose by 20.99% to N75.37 billion, but earnings per share fell by 11.47% to N11.35, reflecting restated figures due to the company's share reconstruction. The company's total assets expanded to N5.10 trillion, up 30.36% from N3.91 trillion in December 2025, with customer deposits playing a key role in this growth. Total equity also saw substantial growth, rising by 38.83% to N595.16 billion. Despite credit impairment adding to the cost base, operating income increased by 38.13% to N307.06 billion, helping Sterling deliver higher pre-tax earnings. The improved financial performance was celebrated by a 1.32% rise in the share price, closing at N77.00 following the release of the unaudited nine-month financial results.",
  "summary": "Sterling Financial Holdings Company Plc reported a pre-tax profit of N97.28 billion in its unaudited financial results for the nine months ended 30 September 2026, representing an increase of 37.09% from N70.96 billion recorded in the corresponding period of 2025. The post Sterling Financial Holdings’ 9M 2026 pre-tax profit rises 37% to N97.28 billion appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}