The bank said this in its unaudited financials submitted to the Nigerian Exchange Limited on Friday.
The gross earnings was higher compared with the N22.8 billion posted in the comparative period of 2020.
Similarly, the profit after tax stood at N1.38 billion against N1.03 billion recorded in the corresponding period of 2020.
Other highlights of the financial statement include a 21 per cent increase in fee and commission income to N3.07 billion from N2.54 billion in the corresponding period of 2020.
Net interest income stood at N9.87 billion, representing nine per cent increase from the N9.06 billion recorded in the corresponding period of 2020.
Somefun said the double-digit growth recorded in both earnings and profits was the result of a portfolio plan, which the bank embarked on at the beginning of the year to diversify its portfolio.
She added that the bank pursued asset creation in petrochemical downstream, consumer, healthcare and general commerce, with agribusiness providing the bulwark for identified business and brand benefits.
She said the bank would be looking to strengthen its balance sheet from the liability side as it continued to grow its brand franchise in many areas of the retail market by promoting and leveraging its agriculture value chain businesses. (NAN)