Zenith Bank Plc reports N2.9trn revenue in 9 months, grows profit by 90.54%

Zenith Bank Plc has reported a significant revenue growth of 118.17%, with gross earnings reaching N2.9 trillion in Q3 2024, up from N1.33 trillion in Q3 2023.

The financial institution also achieved a profit after tax of N827.3 billion for the nine-month period, marking a 90.54% increase from the N434.17 billion reported the previous year.

Earnings per share (EPS) for Zenith Bank stands at N26.35. With a share price of N39.5, the price-to-earnings (P/E) ratio is calculated at 1.50x, indicating an earnings yield of 66.71%.

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