Wema Bank’s 9M pre-tax profit jumps 76.62% to N258.64 billion on strong interest income
AI Executive Briefing
Verified Synthesis~92s readGross earnings increased by 45.72% to N673.24 billion from N462.00 billion, supporting a 72.56% increase in profit after tax to N219.84 billion. Interest income: N543.56 billion (Up 37.21% YoY from N396.14 billion).
Context & Background
- ✦Net interest income: N325.88 billion (Up 38.31% YoY from N235.61 billion).
Key Figures & Named Entities
2026:Wema Bank Plc has released its unaudited financial results for the nine months ended September 30, 2026, reporting a pre-tax profit of N258.64 billion, representing a 76.62% increase from N146.43 billion in the corresponding period of 2025.45.72%:Gross earnings increased by 45.72% to N673.24 billion from N462.00 billion, supporting a 72.56% increase in profit after tax to N219.84 billion.1.06%:However, earnings per share declined by 1.06% to 730.63 kobo from 738.48 kobo.
Outlook & Next Steps
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Key Takeaways
Verified Extract- Gross earnings increased by 45.72% to N673.24 billion from N462.00 billion, supporting a 72.56% increase in profit after tax to N219.84 billion.
- Interest income: N543.56 billion (Up 37.21% YoY from N396.14 billion).
- Net interest income: N325.88 billion (Up 38.31% YoY from N235.61 billion).
Key Facts:2026: Wema Bank Plc has released its unaudited financial results for the nine months ended September 30, 2026, reporting a pre-tax profit of N258.64 billion, representing a 76.62% increase from N146.43 billion in the corresponding period of 2025.45.72%: Gross earnings increased by 45.72% to N673.24 billion from N462.00 billion, supporting a 72.56% increase in profit after tax to N219.84 billion.1.06%: However, earnings per share declined by 1.06% to 730.63 kobo from 738.48 kobo.2026: In Q3 2026, the bank recorded a pre-tax profit of N104.08 billion, contributing 40.24% of its nine-month pre-tax earnings.
Editorial Excerpt
Wema Bank Plc has released its unaudited financial results for the nine months ended September 30, 2026, reporting a pre-tax profit of N258.64 billion, representing a 76.62% increase from N146.43 billion in the corresponding period of 2025.
Frequently Asked Questions About This Story
What is the latest development regarding Dangote Group?
Gross earnings increased by 45.72% to N673.24 billion from N462.00 billion, supporting a 72.56% increase in profit after tax to N219.84 billion.
Who are the key organizations or public figures mentioned?
The primary parties identified in this coverage include Dangote Group, Aliko Dangote.
What timeline or key figures were confirmed?
Wema Bank Plc has released its unaudited financial results for the nine months ended September 30, 2026, reporting a pre-tax profit of N258.64 billion, representing a 76.62% increase from N146.43 billion in the corresponding period of 2025.
