Zenith Bank (ZENITHBANK) investor relations material

Executive summary

• 9M gross earnings were N2,865,288m, down 15% YoY; PBT rose 1% to N928,797m, while PAT fell 12% to N675,826m amid a higher effective tax rate.

• 9M EPS was N16.41 versus N18.60; Q3 PAT was N244,719m and EPS was N5.94.

• Lower funding costs and impairment charges supported margins and earnings quality; trading-related losses weakened non-interest income.

Financial highlights

• 9M net interest income was N1,928,412m versus N1,926,719m; interest income fell 5% to N2.62tn and interest expense fell 15% to N689bn.

• Net fee and commission income rose to N256,849m from N202,943m; other operating income increased 97% to N107bn, including recoveries on written-off loans.

• Impairment charge fell to N230,770m from N782,763m; trading income was a loss of N229,194m versus income of N277,654m.

• Operating expenses increased to N625,611m from N532,115m; income tax expense was N252,971m versus N153,208m.

• Total assets were N34,387,321m at 30 September 2026; customer deposits were N27,114,756m and net loans were N11,636,702m.

Segment performance

• 9M revenue by location: Nigeria N2,331,658m, Rest of Africa N360,104m and Europe N176,160m; consolidated revenue was N2,865,288m.

• 9M PBT was N680,539m in Nigeria, N195,361m in Rest of Africa and N55,531m in Europe.