• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

Wema Bank’s reports pre-tax profit of N41.1 billion as higher interest income propels growth

Izuchukwu Okoye by Izuchukwu Okoye
April 30, 2025
in Company Results, Equities, Markets
Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence
Share on FacebookShare on TwitterShare on Linkedin

Wema Bank Plc has published its financial results for the first quarter of 2025, reporting a pre-tax profit of N41.1 billion, fueled by an increase in interest income.

This represents a 269.14% increase compared to the pre-tax profit of N11.1 billion from the same quarter in 2024.

Interest income rose to N110.3 billion, showing a growth of 58.92% from N69.4 billion reported the previous year.

RelatedStories

Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence

Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target 

May 23, 2025
Shareholders commend Wema Bank at 2024 Annual General Meeting

Shareholders commend Wema Bank at 2024 Annual General Meeting

May 23, 2025
  • Of this total, interest from loans and advances to banks and customers accounted for N64.3 billion, while interest from investments was N45.3 billion.

The bank also noted an increase in interest expenses to N53.7 billion in Q1 2025, a rise of 24.04%.

  • Despite this, net interest income increased by 116.83%, reaching N56.5 billion.

After accounting for impairment charges on credit losses, net interest income stood at N54.7 billion, reflecting a 119.14% rise in the first quarter.

  • Additionally, net fee and commission income more than doubled to N25 billion, up from N10.8 billion in Q1 2024.
  • Operating profit increased by 128.1%, reaching N84.07 billion compared to N36.8 billion the previous year.

On the balance sheet, the bank’s total assets increased to N3.6 trillion from N3.5 trillion, while retained earnings rose to N139 billion, a growth of 34.67%.

Key Highlights: 

  • Interest income: N110.3 billion, +58.92% YoY

  • Interest expenses: N53.7 billion, +24.04% YoY
  • Net interest income: N56.5 billion, +116.83% YoY
  • Net interest income after impairment charges: N54.7 billion, +119.14% YoY
  • Net fee and commission income: N25 billion, +130.84% YoY
  • Operating income: N84 billion, +128.17% YoY
  • Pre-tax profit: N41.1, +269.14% YoY
  • Total assets: N3.6 trillion, +0.36% YoY
  • Retained earnings: N139 billion, +34.67% YoY

As of the trading day ended 29th April 2025, shares of Wema Bank were priced at N13.75, representing a year-to-date performance of 51.1%.


Follow us for Breaking News and Market Intelligence.
Tags: 2025 Q1 ResultsInterest IncomeWema Bank Plc
Izuchukwu Okoye

Izuchukwu Okoye

Okoye Izuchukwu is a financial market writer and trader with extensive expertise in both Nigerian and international markets. With a keen eye for market trends and a passion for insightful analysis, he translates complex financial concepts into engaging content. By combining practical trading experience with thorough research, Okoye offers valuable perspectives that empower readers to make informed decisions in the ever-evolving world of finance.

Related Posts

Wema Bank’s Rights Issue and Share Price Rally: Rewarding Investor Confidence
Bank Recapitalization

Wema Bank to raise N50 billion via private placement as it moves to meet CBN’s recapitalization target 

May 23, 2025
Shareholders commend Wema Bank at 2024 Annual General Meeting
Companies

Shareholders commend Wema Bank at 2024 Annual General Meeting

May 23, 2025
Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 
Company Results

Linkage Assurance Plc reports 7.8% profit growth in Q1 as oil & gas lead insurance revenue 

May 21, 2025
Champion Breweries Plc
Company Results

Champion Breweries ascends over 60% so far in May, shatters N5-resistance 

May 20, 2025
Lafarge Africa posts N152.2 billion pre-tax profit in 2024, declares a final dividend of 120 kobo  
Equities

Cordros raises Lafarge’s 2025 target price to N104.71 after strong Q1 results

May 11, 2025
BUA Foods
Equities

BUA Foods cuts product prices again in Q2 2025, cites efficiency gains and global stability 

May 8, 2025
Next Post
IGP prosecutes Nigerian businessmen over alleged N13.5 billion forex fraud dispute  

How to apply for your tinted glass permit using the Nigeria Police digital portal 

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

nlng
Zenth Bank
Emple
first bank
Zenth Bank








DUNS

Recent News

  • Housing Ministry alerts Nigerians, says 753-unit estate recovered from Godwin Emefiele not yet for sale
  • FG to begin urgent palliative repairs on Lagos-Ibadan expressway bridges
  • Tinubu’s reforms propel Customs revenue to N1.3 trillion in Q1 2025 – says Comptroller-General Adeniyi 

Follow us on social media:

Recent News

Housing Ministry alerts Nigerians, says 753-unit estate recovered from Godwin Emefiele not yet for sale

Housing Ministry alerts Nigerians, says 753-unit estate recovered from Godwin Emefiele not yet for sale

May 24, 2025
FG increases compensation for Section 1 of Lagos-Calabar Highway from N8 billion to N18 billion 

FG to begin urgent palliative repairs on Lagos-Ibadan expressway bridges

May 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics