Wema Bank Plc is firing on all cylinders as consistent earnings growth amid a challenging environment validates a monstrous stock rally while an excellent risk management policy strengthens asset quality.
Arguably the best performing bank, Wema bank has a year to date (YTD) return of 124.18 percent as of October 30, which outperforms NGXASI index’s 49.31 percent.
That compares with the YTD returns of FirstHolco, (+13.03 percent); Fidelity Bank, (+8.57 percent); FCMB, (+12.77 percent); Guaranty Trust Holdings, (56.14 percent); Stanbic IBTC Holdings, (90.97 percent); Sterling Bank, (35.71 percent); United Bank for Africa, (16.91 percent); Zenith Bank, (38.46 percent), and Access Holdings, (-3.52 percent).
Investors who are impressed with the lender’s above average performance have been buying its shares since the start of the year.
For instance, profit after tax (PAT) surged by 141.06 percent to N127.40 billion in September 2025 from N52.73 billion as at September 2024.
Interest income from loans and advances were up 72.65 percent to N396.95 billion in September 2025 from N229.91 billion as at September 2024.
Net interest income was up 122.61 percent to N235.61 billion in the period under review from N105.81 billion the previous year.
Wema Bank’s attractive valuation is an appropriate entry point for value investors as it has a price to earnings ratio of 0.741 times.
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