Zenith Bank Plc has reported strong financial performance in the first quarter of 2025, with gross earnings nearing the trillion-naira mark. According to the unaudited financial statements released on Wednesday, the bank recorded gross earnings of ₦949.86 billion for the period ended March 31, 2025 — representing a 21.7% increase from the ₦780.62 billion recorded in the corresponding quarter of 2024.
The growth in gross earnings was driven by a solid performance across both interest and non-interest income streams, reflecting the bank’s aggressive asset growth strategy and expanding customer base.
Profit after tax also climbed significantly, rising 20.7% year-on-year to ₦311.83 billion, compared to ₦258.34 billion in Q1 2024. The increase in net profit underscores the bank’s effective cost management and improved operating efficiency despite a challenging macroeconomic environment.
Earnings per share (EPS) rose to ₦7.59, further enhancing shareholder value. Based on the bank’s current share price of ₦47.80, Zenith Bank's price-to-earnings (P/E) ratio stands at 6.30x, with an attractive earnings yield of 15.88%, highlighting the stock’s strong fundamentals.
Zenith Bank, one of Nigeria’s largest financial institutions by asset base, continues to demonstrate resilience and profitability amid inflationary pressures and foreign exchange volatility. Analysts say the bank’s consistent double-digit growth reflects its strategic positioning and disciplined risk management.
With this performance, the bank is well on track to deliver another strong year, reinforcing investor confidence and its leadership position in Nigeria’s banking sector.
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