LivingTrust Mortgage Bank Reports N1.01bn Profit in 2025, Driven by Strong Earnings Growth
LivingTrust Mortgage Bank Plc has posted a profit after tax of N1.01 billion for the year ended December 31, 2025, marking a significant growth from N854.50 million recorded in the previous year. The unaudited financial statements, released on the Nigerian Exchange Limited (NGX) on Wednesday, show that the bank’s improved performance was driven by higher operating income and strategic growth in lending activities.
Gross earnings for the year rose sharply to N6.52 billion, up from N3.73 billion in 2024, underpinned by increased interest income and other operating revenues. Interest and similar income climbed to N4.49 billion from N2.90 billion, reflecting strong lending activity, while other operating income nearly doubled to N1.34 billion from N723.02 million, signaling a well-diversified income stream.
Despite the rise in gross earnings, net interest income fell to N766.94 million from N1.52 billion due to higher interest expenses. However, the bank’s net fee and commission income nearly doubled to N186.55 million from N102.68 million, offsetting the decline in net interest and contributing to total operating income growth from N2.35 billion to N2.80 billion. Profit before tax reached N1.09 billion, compared to N911.15 million the prior year, while earnings per share improved to 20.23 kobo from 17.09 kobo.
On the balance sheet, LivingTrust Mortgage Bank saw total assets grow to N32.74 billion by the end of 2025, up from N24.05 billion in 2024. Loans and advances to customers increased to N17.09 billion from N14.02 billion, while customer deposits surged to N22.15 billion from N15.19 billion, reflecting growing confidence from retail and corporate clients.
Total liabilities rose to N27.69 billion from N18.99 billion, while shareholders’ funds remained steady at N5.05 billion. Analysts note that the bank’s robust performance highlights its resilience and strategic focus on expanding mortgage lending, fee-based services, and operational efficiency, positioning it well for continued growth in the competitive Nigerian banking sector.
source: punch