Zenith Bank Plc (NGX:ZENITHBANK)

Zenith Bank Balance Sheet

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5,590,490	4,792,273	2,304,511	1,940,758	1,134,519	1,208,520
Investment Securities	9,479,011	7,516,358	5,793,629	3,730,211	2,730,538	2,128,590
Trading Asset Securities	176,402	322,517	559,032	62,317	78,525	93,773
Total Investments	9,655,413	7,838,875	6,352,661	3,792,528	2,809,063	2,222,363
Gross Loans	11,168,520	11,094,101	7,404,013	4,251,549	3,603,398	3,034,503
Allowance for Loan Losses	-1,031,766	-1,028,452	-498,977	-139,234	-156,075	-142,456
Net Loans	10,136,754	10,065,649	6,905,036	4,112,315	3,447,323	2,892,047
Property, Plant & Equipment	351,552	400,441	295,532	230,843	200,008	190,170
Other Intangible Assets	87,285	88,196	47,018	25,251	25,001	16,243
Other Receivables	338,774	972,571	59,546	87,516	46,324	184,796
Restricted Cash	5,995,648	5,356,128	3,983,407	1,749,608	1,330,897	1,411,422
Other Current Assets	92,227	89,508	29,379	216,709	313,583	180,694
Long-Term Deferred Tax Assets	6,490	21,542	17,251	18,343	1,837	5,787
Other Long-Term Assets	160,762	332,342	374,114	111,758	139,288	169,231
Total Assets	32,415,395	29,957,525	20,368,455	12,285,629	9,447,843	8,481,273
Accounts Payable	11,155	15,130	7,412	115,431	69,849	73,261
Interest Bearing Deposits	12,676,756	12,690,925	8,292,433	4,094,869	2,941,533	2,353,187
Non-Interest Bearing Deposits	10,005,080	9,268,444	6,875,307	4,880,784	3,530,521	2,986,724
Total Deposits	22,681,836	21,959,369	15,167,740	8,975,653	6,472,054	5,339,911
Short-Term Borrowings	20,372	9,258	70,486	531,118	163,537	39,189
Current Portion of Long-Term Debt	-	1,792,101	1,065,847	392,770	629,847	767,008
Current Portion of Leases	-	4,785	3,515	419	3,406	6,275
Current Income Taxes Payable	245,238	256,168	33,877	64,856	16,909	11,690
Other Current Liabilities	901,614	1,056,267	775,705	285,473	298,223	370,178
Long-Term Debt	3,581,103	503,809	608,103	357,079	386,799	502,709
Long-Term Leases	34,555	32,281	17,385	14,571	20,696	18,181
Long-Term Unearned Revenue	5,481	7,172	2,864	2,507	1,206	1,234
Long-Term Deferred Tax Liabilities	2,286	5,502	59,310	16,654	11,603	1
Other Long-Term Liabilities	488,867	286,410	232,831	150,158	94,052	234,163
Total Liabilities	27,972,507	25,928,252	18,045,075	10,906,689	8,168,181	7,363,800
Common Stock	20,535	20,535	15,698	15,698	15,698	15,698
Additional Paid-In Capital	594,113	594,113	255,047	255,047	255,047	255,047
Retained Earnings	2,566,096	2,672,952	1,686,206	1,035,449	908,771	758,595
Comprehensive Income & Other	1,259,779	739,308	364,801	71,933	99,002	87,159
Total Common Equity	4,440,523	4,026,908	2,321,752	1,378,127	1,278,518	1,116,499
Minority Interest	2,365	2,365	1,628	813	1,144	974
Shareholders' Equity	4,442,888	4,029,273	2,323,380	1,378,940	1,279,662	1,117,473
Total Liabilities & Equity	32,415,395	29,957,525	20,368,455	12,285,629	9,447,843	8,481,273
Total Debt	3,636,030	2,342,234	1,765,336	1,295,957	1,204,285	1,333,362
Net Cash (Debt)	2,130,862	2,772,556	1,098,207	707,118	8,759	-31,069
Net Cash Growth	311.53%	152.46%	55.31%	7973.05%	-	-
Net Cash Per Share	62.97	88.23	34.98	22.52	0.28	-0.99
Filing Date Shares Outstanding	41,070	41,070	31,396	31,396	31,396	31,396
Total Common Shares Outstanding	41,070	31,396	31,396	31,396	31,396	31,396
Book Value Per Share	108.12	128.26	73.95	43.89	40.72	35.56
Tangible Book Value	4,353,238	3,938,712	2,274,734	1,352,876	1,253,517	1,100,256
Tangible Book Value Per Share	106.00	125.45	72.45	43.09	39.93	35.04

Updated Oct 30, 2024. Source: S&P Global Market Intelligence. Banks template. Financial Sources.