Jaiz Bank’s Shareholders Earn 107% Gain On Strong Earnings Outlook

Jaiz Bank Plc recorded a double of average gains in the Nigerian stock market and the banking sector in the first four months of this year, a bullish run that highlighted investors’ confidence in the bank’s outlook.

Year-to-date analysis at the Nigerian Exchange (NGX) showed that investors in Jaiz Bank Plc saw the total value of their portfolios rising by 106.6 per cent within the first four months of this year, compared with an average gain of 55.69 per cent recorded by the overall market benchmark and a 50.50 per cent average gain recorded in the banking sector.

Jaiz Bank’s share price, which opened this year at N4.55 per share, closed on April 30, 2026, at N9.40 per share, representing a net capital gain of 106.6 per cent. The All Share Index (ASI) closed the period with a year-to-date return of 55.69 per cent, while the NGX Banking Index- which tracks the banking sector, posted a four-month average gain of 50.50 per cent.

A general banking sector analysis pinpointed Jaiz Bank as the best-performing stock in a sector that appeared to be taking a breather after the recapitalisation rush.

Within the same period, Sterling Financial Holdings Company Plc, the holding company for a non-interest banker, The Alternative Bank, recorded an average gain of 8.5 per cent. Fidelity Bank rose by 5.3 per cent. Wema Bank recorded an average gain of 67.2 per cent while FCMB Group dropped by 7.5 per cent.
Market analysts said the performance of Jaiz Bank underlined that the bank has earned investors’ trust, noting that it was partly due to sustained investors’ interest in the bank and its overall outlook that the NGX created a new board for non-interest finance.

Jaiz Bank, which was previously listed on the general main board of the NGX, was migrated as the pioneer, and still the only, company on the non-interest finance board.
Key extracts of the unaudited report and accounts of Jaiz Bank for the year ended December 31, 2025, submitted at the NGX had shown significant growth in income and profitability. Gross earnings rose from N82.87 billion in 2024 to N102.08 billion in 2025. After taxes, net profit jumped to N31.04 billion in 2025 compared to N23.48 billion recorded in 2024. Earnings per share thus improved from 66.38 kobo in 2024 to 69.62 kobo in 2025.
Analysts were optimistic that Jaiz Bank could sustain its bullish sentiment and strong fundamental performance, citing favourable operating position and emerging macroeconomic advantages.
Managing Director, GTI Capital Limited, Mr Kehinde Hassan said Jaiz Bank’s strong run was driven by a mix of macro rotation, business‑model advantage and rising interest in ethical finance.
“With inflation, foreign exchange (forex) swings and tighter regulation squeezing traditional interest income, investors are shifting toward banks built on fees, partnerships and asset‑backed financing. That’s exactly Jaiz’s model.
“CBN’s push for diversified, non‑interest revenue also supports the shift. As forex revaluation gains fade for conventional banks, investors are rotating into models less tied to currency volatility.”
Hassan said, “SMEs facing high borrowing costs are leaning more toward profit‑sharing and trade‑finance structures, a space non‑interest banks serve well. Jaiz remains the only listed full non‑interest bank in Nigeria, giving it a scarcity premium when the above-highlighted sentiments turn positive.”