Zenith Bank Past Earnings Performance
Past criteria checks 5/6
Zenith Bank has been growing earnings at an average annual rate of 36.5%, while the Banks industry saw earnings growing at 42.5% annually. Revenues have been growing at an average rate of 31.8% per year. Zenith Bank's return on equity is 30.5%, and it has net margins of 50.8%.
Key information
36.5%
Earnings growth rate
36.5%
EPS growth rate
| Banks Industry Growth | 30.4% |
| Revenue growth rate | 31.8% |
| Return on equity | 30.5% |
| Net Margin | 50.8% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Zenith Bank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,105,189 | 1,069,460 | 282,040 | 0 |
| 30 Jun 24 | 1,888,145 | 962,824 | 267,769 | 0 |
| 31 Mar 24 | 1,594,893 | 868,747 | 210,100 | 0 |
| 31 Dec 23 | 1,258,659 | 676,569 | 185,107 | 0 |
| 30 Sep 23 | 978,943 | 483,764 | 159,604 | 0 |
| 30 Jun 23 | 885,366 | 404,326 | 150,123 | 0 |
| 31 Mar 23 | 659,143 | 231,872 | 133,165 | 0 |
| 31 Dec 22 | 624,342 | 224,050 | 130,652 | 0 |
| 30 Sep 22 | 628,973 | 258,168 | 123,262 | 0 |
| 30 Jun 22 | 611,603 | 249,706 | 122,383 | 0 |
| 31 Mar 22 | 590,403 | 249,503 | 123,205 | 0 |
| 31 Dec 21 | 569,907 | 244,402 | 117,973 | 0 |
| 30 Sep 21 | 537,051 | 231,687 | 117,956 | 0 |
| 30 Jun 21 | 528,830 | 232,665 | 115,650 | 0 |
| 31 Mar 21 | 518,218 | 232,915 | 116,025 | 0 |
| 31 Dec 20 | 511,893 | 230,374 | 117,144 | 0 |
| 30 Sep 20 | 495,554 | 217,242 | 119,919 | 0 |
| 30 Jun 20 | 486,581 | 223,622 | 116,628 | 0 |
| 31 Mar 20 | 482,611 | 209,041 | 115,996 | 0 |
| 31 Dec 19 | 475,119 | 208,693 | 114,362 | 0 |
| 30 Sep 19 | 467,396 | 200,001 | 108,491 | 0 |
| 30 Jun 19 | 462,859 | 200,395 | 108,625 | 0 |
| 31 Mar 19 | 458,180 | 196,275 | 111,800 | 0 |
| 31 Dec 18 | 457,185 | 193,147 | 105,826 | 0 |
| 30 Sep 18 | 441,727 | 188,169 | 109,124 | 0 |
| 30 Jun 18 | 440,819 | 179,836 | 102,964 | 0 |
| 31 Mar 18 | 446,070 | 183,032 | 94,546 | 0 |
| 31 Dec 17 | 422,730 | 173,472 | 97,533 | 0 |
| 30 Sep 17 | 392,548 | 163,247 | 77,325 | 0 |
| 30 Jun 17 | 399,821 | 169,236 | 81,333 | 0 |
| 31 Mar 17 | 352,745 | 149,711 | 78,251 | 0 |
| 31 Dec 16 | 331,269 | 129,434 | 79,734 | 0 |
| 30 Sep 16 | 324,133 | 117,746 | 90,025 | 0 |
| 30 Jun 16 | 281,186 | 87,823 | 86,232 | 0 |
| 31 Mar 16 | 291,901 | 95,083 | 89,678 | 0 |
| 31 Dec 15 | 293,493 | 105,531 | 84,625 | 0 |
| 30 Sep 15 | 316,211 | 111,374 | 90,869 | 0 |
| 30 Jun 15 | 308,970 | 105,029 | 91,270 | 0 |
| 31 Mar 15 | 289,494 | 103,283 | 90,224 | 0 |
| 31 Dec 14 | 283,498 | 99,275 | 89,537 | 0 |
| 30 Sep 14 | 266,994 | 95,046 | 89,363 | 0 |
| 30 Jun 14 | 263,917 | 94,724 | 83,759 | 0 |
| 31 Mar 14 | 257,999 | 91,989 | 77,459 | 0 |
| 31 Dec 13 | 253,405 | 90,846 | 76,612 | 0 |
Quality Earnings: ZENITHBANK has high quality earnings.
Growing Profit Margin: ZENITHBANK's current net profit margins (50.8%) are higher than last year (49.4%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ZENITHBANK's earnings have grown significantly by 36.5% per year over the past 5 years.
Accelerating Growth: ZENITHBANK's earnings growth over the past year (121.1%) exceeds its 5-year average (36.5% per year).
Earnings vs Industry: ZENITHBANK earnings growth over the past year (121.1%) did not outperform the Banks industry 121.1%.
Return on Equity
High ROE: ZENITHBANK's Return on Equity (30.5%) is considered high.