LivingTrust Mortgage Bank data N255.6 million pre-tax revenue in Q3 2025, up 7.04% 

LivingTrust Mortgage Bank Plc has launched its unaudited monetary statements for the third quarter ended September 30, 2025, reporting a pre-tax revenue of N255.6 million, a 7.04% enhance from N238.8 million within the corresponding interval of 2024.

Gross earnings surged by 110.94% to N2.1 billion from N998.7 million in Q3 2024, pushed largely by sturdy curiosity revenue and non-interest revenue.

This supported the bank’s nine-month pre-tax revenue, which rose by 2.57% to N800 million from N779.9 million in the identical interval final yr.

Key highlights (Q3 2025 vs Q3 2024) 

• Gross earnings: N2.1 billion, +110.94% YoY
• Curiosity revenue: N1.5 billion, +96.87% YoY
• Internet curiosity revenue: N257.6 million, -40.72% YoY
• Charge and fee revenue: N64.7 million, +145.14% YoY
• Treasury payments curiosity revenue: N108.3 million, +106.85% YoY
• Internet working revenue after impairment: N809.6 million, +25.48% YoY
• Pretax revenue: N255.6 million, +7.04% YoY
• Whole property: N29.5 billion, +22.80% YoY

Cursory look 

A more in-depth take a look at the numbers exhibits a powerful uptick in earnings, pushed largely by increased curiosity revenue. The bank’s curiosity revenue surged 96.87% to N1.5 billion in Q3, bringing the nine-month whole to N3.5 billion, a 64.45% year-on-year enhance.

• Of this quantity, loans and advances to clients contributed the biggest share at N2.6 billion, whereas mortgage loans accounted for N910.7 million.

Nevertheless, the rise in curiosity revenue got here with increased funding prices, as curiosity bills jumped 265.9% to N1.2 billion.

• This pushed internet curiosity revenue right down to N257.6 million, in comparison with N434.6 million in the identical quarter final yr.

Non-interest revenue, nevertheless, additionally supplied a lift in Q3.

• Charge and fee revenue climbed 145.14% to N64.7 million, whereas different working revenue grew 189.97% to N381.7 million, supported by earnings from investments, bank placements, and different sources.
• Treasury invoice revenue doubled to N108.3 million, reflecting stronger returns from cash market devices.

General, working revenue rose 25.96% year-on-year to N812.5 million. After accounting for an impairment lack of N2.9 million, internet working revenue got here in at N809.6 million.

Regardless of increased working bills of N553.9 million, the bank nonetheless recorded a pretax revenue of N255.6 million in Q3, up 7.04% from the earlier yr.

• Internet revenue adopted the identical pattern, rising modestly to N221.9 million from N210.5 million in 2024.

Stability sheet:  

The steadiness sheet remained strong, with whole property rising 22.80% to N29.5 billion. Loans and advances to clients accounted for the biggest share at N15.6 billion, adopted by due from banks at N8.1 billion.

Whole fairness stood at N5.05 billion, with retained earnings firming at N1.4 billion.

Nevertheless, whole liabilities elevated by 28.86% to N24.4 billion, with customer deposits making up the majority at N19.9 billion.

As of the buying and selling week ended October 24, 2025, the corporate’s shares have been priced at N4.01.