Zenith Bank Past Earnings Performance

Past criteria checks 4/6

Zenith Bank has been growing earnings at an average annual rate of 13.7%, while the Banks industry saw earnings growing at 30.6% annually. Revenues have been growing at an average rate of 13.2% per year. Zenith Bank's return on equity is 25.2%, and it has net margins of 49.4%.

Key information

13.7%

Earnings growth rate

13.7%

EPS growth rate

Banks Industry Growth30.4%
Revenue growth rate13.2%
Return on equity25.2%
Net Margin49.4%
Last Earnings Update30 Sep 2023

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown
Beta

How Zenith Bank makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NGSE:ZENITHBANK Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 23978,943483,764158,4550
30 Jun 23885,367443,326148,9770
31 Mar 23659,143231,872133,1650
31 Dec 22624,342224,050130,6520
30 Sep 22628,973258,168123,2620
30 Jun 22611,603249,706122,3830
31 Mar 22590,403249,503123,2050
31 Dec 21569,907244,402117,9730
30 Sep 21537,051231,687117,9560
30 Jun 21528,830232,665115,6500
31 Mar 21518,218232,915116,0250
31 Dec 20511,893230,374117,1440
30 Sep 20495,554217,242119,9190
30 Jun 20486,581223,622116,6280
31 Mar 20482,611209,041115,9960
31 Dec 19475,119208,693114,3620
30 Sep 19467,396200,001108,4910
30 Jun 19462,859200,395108,6250
31 Mar 19458,180196,275111,8000
31 Dec 18457,185193,147105,8260
30 Sep 18441,727188,169109,1240
30 Jun 18440,819179,836102,9640
31 Mar 18446,070183,03294,5460
31 Dec 17422,730173,47297,5330
30 Sep 17392,548163,24777,3250
30 Jun 17399,821169,23681,3330
31 Mar 17352,745149,71178,2510
31 Dec 16331,269129,43479,7340
30 Sep 16324,133117,74690,0250
30 Jun 16281,18687,82386,2320
31 Mar 16291,90195,08389,6780
31 Dec 15293,493105,53184,6250
30 Sep 15316,211111,37490,8690
30 Jun 15308,970105,02991,2700
31 Mar 15289,494103,28390,2240
31 Dec 14283,49899,27589,5370
30 Sep 14266,99495,04689,3630
30 Jun 14263,91794,72483,7590
31 Mar 14257,99991,98977,4590
31 Dec 13253,40590,84676,6120
30 Sep 13239,181103,204116,1000
30 Jun 13230,437100,529100,9330
31 Mar 13229,227102,50986,6320

Quality Earnings: ZENITHBANK has high quality earnings.

Growing Profit Margin: ZENITHBANK's current net profit margins (49.4%) are higher than last year (41%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: ZENITHBANK's earnings have grown by 13.7% per year over the past 5 years.

Accelerating Growth: ZENITHBANK's earnings growth over the past year (87.4%) exceeds its 5-year average (13.7% per year).

Earnings vs Industry: ZENITHBANK earnings growth over the past year (87.4%) did not outperform the Banks industry 105.8%.


Return on Equity

High ROE: Whilst ZENITHBANK's Return on Equity (25.2%) is high, this metric is skewed due to their high level of debt.


Return on Assets


Return on Capital Employed


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