Sterling Towers Q1 2022 Financial Performance
Revenue Evolution
Gross earnings grew Y.O.Y by 23.2% to N38.1 billion driven by a 17.5% and 40.5%
improvement in net interest income and fees & commission respectively.
Gross Earnings (N'b)
Interest Income
■Non-Interest Income
23.2%
Interest Income
Q1 2022
0%
22%
23%
39.8
38.0
35.3
32.9
8
31.0
8
5
5
6
32
31
30
28
25
Q1 2018
Q1 2019
Q1 2020
Q1 2021
Q1 2022
Cash & Cash Eqv.
■Loans & Advances
Investment Securities
Net Interest Income
17.5%
16.9
15.0
15.5
14.3
12.4
Q1 2018
18 Q1 2019
19
Q1 2020
20 Q1 2021 Q1 2022
78%
79%
Q1 2021
Non-Interest Income
25%
19%
17%
64%
12%
63%
■Fees and commissi on income
Net trading income
■ Other operating income
Gross earnings rose by 23.2% driven by a growth in
interest income and increase in fees & commission.
Non-interest revenue up by 42.4% mainly
attributable to fees & commission income, and other
operating income.
Consequently, net operating income grew by 25.2%
to N22.8 billion.View entire presentation