Stanbic IBTC Holdings Plc has reported a 35.05% year-on-year improve in group profit earlier than tax to N531.88 billion for the 9 months ended September 30, 2026, in contrast with N393.84 billion in the corresponding interval of 2025.
In the third quarter alone, pre-tax profit elevated by 26.80% to N190.31 billion from N150.09 billion in Q3 2025.
Profit after tax elevated by 33.00% to N370.36 billion from N278.48 billion in 9M 2025, whereas earnings per share rose to N23.03 from N17.31.
Meanwhile, Stanbic IBTC introduced on October 23, 2026, that it had fastened the reference price for its 2026 interim scrip dividend programme at N159.86 per atypical share.
The announcement follows the beforehand declared interim dividend of N4.50 per share, with eligible shareholders given the choice to obtain their entitlement in money or new atypical shares.
Shareholders who elect to obtain new shares should submit their election types by November 6, 2026, whereas money dividend funds are scheduled for November 13, 2026.
Key Highlights
- Total revenue: N817.77 billion (Up 24.82% YoY from N655.16 billion).
- Interest revenue: N545.35 billion (Down 5.35% YoY from N576.18 billion).
- Interest expense: N165.57 billion (Up 27.63% YoY from N129.72 billion).
- Net impairment expenses: N507 million (Down 95.64% YoY from N11.64 billion).
- Net curiosity revenue: N379.79 billion (Down 14.93% YoY from N446.47 billion).
- Net price and fee income: N218.30 billion (Up 26.48% YoY from N172.59 billion).
- Operating bills: N285.39 billion (Up 14.30% YoY from N249.69 billion).
- Earnings per share: N23.03 (Up 33.04% YoY from N17.31).
- Total property: N9.60 trillion (Up 11.35% from N8.62 trillion in December 2025).
- Customer deposits: N4.57 trillion (Up 4.46% from N4.37 trillion).
- Customer loans: N2.61 trillion (Up 9.87% from N2.38 trillion).
- Cash and financial institution balances: N1.95 trillion (Up 14.84% from N1.70 trillion).
- Total fairness: N1.43 trillion (Up 27.26% from N1.12 trillion).
Driving the numbers
Stanbic IBTC’s nine-month earnings efficiency was pushed principally by stronger buying and selling revenue, larger price and fee income, and a big discount in impairment expenses.
A serious contributor was the sharp improve in buying and selling income to N210.13 billion from N23.86 billion in 9M 2025, representing development of roughly 780.58%.
- Trading income accounted for 25.70% of the Group’s complete revenue in 9M 2026, in contrast with 3.64% in the corresponding interval of 2025.
The growth in buying and selling earnings was significantly vital as a result of the Group’s conventional interest-generating actions recorded weaker efficiency throughout the interval.
- Interest revenue declined by 5.35% to N545.35 billion from N576.18 billion, whereas curiosity expense elevated by 27.63% to N165.57 billion from N129.72 billion.
- Consequently, internet curiosity revenue declined by 14.93% to N379.79 billion from N446.47 billion.
In distinction, non-interest income greater than doubled to N437.99 billion, rising its contribution to complete revenue to 53.56% from 31.85%.
- Beyond buying and selling revenue, transaction-related earnings additionally strengthened.
- Net price and fee income elevated by 26.48% to N218.30 billion from N172.59 billion, offering one other vital contribution to profitability.
Income from life insurance coverage actions additionally rose to N6.67 billion from N4.81 billion, whereas different income declined to N2.89 billion from N7.43 billion.
The Group’s section disclosures confirmed that Corporate and Investment Banking remained the most important contributor to complete revenue and pre-tax profit.
- Corporate and Investment Banking elevated by 26.48% to N516.71 billion from N408.54 billion, representing 63.18% of consolidated revenue, whereas its pre-tax profit rose to N392.07 billion from N296.74 billion.
- Insurance and Asset Management complete revenue elevated by 36.31% to N153.72 billion from N112.77 billion, accounting for 18.80% of consolidated revenue, whereas its pre-tax profit elevated to N98.91 billion from N68.83 billion.
- Business and Commercial Banking: Total revenue rose by 18.12% to N109.91 billion from N93.05 billion, contributing 13.44% of consolidated revenue. Pre-tax profit elevated to N30.53 billion from N17.07 billion.
- Personal and Private Banking revenue elevated by 18.85% to N56.00 billion from N47.12 billion. However, pre-tax profit declined to N10.37 billion from N11.20 billion.
Another main help to earnings was the discount in credit score impairment expenses.
- Net impairment expenses declined by 95.64% to N507 million from N11.64 billion in the corresponding interval of 2025.
- In the third quarter, the Group recorded a internet impairment write-back of N6.85 billion, in contrast with a cost of N533 million in Q3 2025.
The decrease impairment burden lowered the quantity deducted from working revenue for credit-related losses, offering extra help to profitability.
However, working bills elevated by 14.30% to N285.39 billion from N249.69 billion.
Despite these will increase, complete revenue grew quicker than working bills, supporting stronger profitability.
Balance sheet
On the steadiness sheet, complete property elevated by N978.60 billion to N9.60 trillion from N8.62 trillion in December 2025.
The growth was supported by will increase in buying and selling property, monetary investments, money and financial institution balances, and different property.
- Trading property elevated by 51.85% to N1.31 trillion from N862.16 billion.
- Financial investments elevated by 11.60% to N1.66 trillion from N1.49 trillion.
- Cash and financial institution balances rose by 14.84% to N1.95 trillion from N1.70 trillion.
- Other property elevated to N1.21 trillion from N403.87 billion.
In distinction, complete loans and advances declined by 20.90% to N3.04 trillion from N3.84 trillion. This decline was concentrated in interbank lending slightly than buyer loans.
- Loans and advances to banks declined by 70.79% to N428.08 billion from N1.47 trillion.
- Loans and advances to clients elevated by 9.87% to N2.61 trillion from N2.38 trillion.
On the funding facet, complete deposits and present accounts elevated by 12.30% to N5.37 trillion from N4.78 trillion.
- Customer deposits elevated by 4.46% to N4.57 trillion, whereas deposits from banks rose to N802.70 billion from N409.67 billion.
- The Group’s shareholders’ fairness additionally strengthened, rising by 27.26% to N1.43 trillion from N1.12 trillion.
The enchancment was supported by larger retained earnings, which elevated to N854.79 billion from N586.32 billion.
Market response
Stanbic IBTC Holdings Plc shares have appreciated by 60% year-to-date, rising from N100.00 initially of 2026 to N160.00 as of Friday, October 23, 2026.
