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 mounted the reference price for its 2026 interim scrip dividend programme at N159.86 per extraordinary 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 extraordinary shares.
Shareholders who elect to obtain new shares should submit their election kinds by November 6, 2026, whereas money dividend funds are scheduled for November 13, 2026.
Key Highlights
- Total earnings: N817.77 billion (Up 24.82% YoY from N655.16 billion).
- Interest earnings: 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 costs: N507 million (Down 95.64% YoY from N11.64 billion).
- Net curiosity earnings: 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 belongings: 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 earnings, larger price and fee income, and a big discount in impairment costs.
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 whole earnings in 9M 2026, in contrast with 3.64% in the corresponding interval of 2025.
The growth in buying and selling earnings was notably vital as a result of the Group’s conventional interest-generating actions recorded weaker efficiency through the interval.
- Interest earnings 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, web curiosity earnings 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 whole earnings to 53.56% from 31.85%.
- Beyond buying and selling earnings, 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 important 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 biggest contributor to whole earnings 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 earnings, whereas its pre-tax profit rose to N392.07 billion from N296.74 billion.
- Insurance and Asset Management whole earnings elevated by 36.31% to N153.72 billion from N112.77 billion, accounting for 18.80% of consolidated earnings, whereas its pre-tax profit elevated to N98.91 billion from N68.83 billion.
- Business and Commercial Banking: Total earnings rose by 18.12% to N109.91 billion from N93.05 billion, contributing 13.44% of consolidated earnings. Pre-tax profit elevated to N30.53 billion from N17.07 billion.
- Personal and Private Banking earnings 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 costs.
- Net impairment costs 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 web impairment write-back of N6.85 billion, in contrast with a cost of N533 million in Q3 2025.
The decrease impairment burden decreased the quantity deducted from working earnings 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, whole earnings grew sooner than working bills, supporting stronger profitability.
Balance sheet
On the stability sheet, whole belongings 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 belongings, monetary investments, money and financial institution balances, and different belongings.
- Trading belongings 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 belongings elevated to N1.21 trillion from N403.87 billion.
In distinction, whole loans and advances declined by 20.90% to N3.04 trillion from N3.84 trillion. This decline was concentrated in interbank lending reasonably than buyer loans.
- Loans and advances to banks declined by 70.79% to N428.08 billion from N1.47 trillion.
- Loans and advances to prospects elevated by 9.87% to N2.61 trillion from N2.38 trillion.
On the funding aspect, whole 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 at the start of 2026 to N160.00 as of Friday, October 23, 2026.
