Stanbic IBTC Holdings Plc started 2026 strongly and delivered a solid first quarter performance.
It reported ₦165.3 billion pretax profit in Q1, marking a 42.04% rise from ₦116.4 billion in Q1 2025.
The company achieved this growth through stronger interest income and rising non-interest revenue.
Stanbic Strong Earnings Growth
Interest income climbed to ₦186.3 billion from ₦180.4 billion, with loans and advances driving most of the performance at 57.8%.
Investments contributed about 40%.
Customer loans generated ₦107.6 billion, investments produced ₦74.5 billion, and bank loans added ₦4.1 billion.
However, interest expenses increased sharply to ₦50.4 billion from ₦30.5 billion.
This rise reduced net interest income to ₦135.8 billion from ₦149.8 billion in the previous year.
Non-Interest Income Surge
Meanwhile, non-interest income strengthened significantly and supported overall earnings.
Fees and commissions rose to ₦83.1 billion from ₦63.7 billion, while trading income recovered strongly to ₦55.1 billion from a loss of ₦6.9 billion.
As a result, non-interest income reached ₦130.3 billion and more than doubled year-on-year.
Consequently, total income increased to ₦266.1 billion from ₦203.01 billion.
After deducting ₦2.8 billion in impairment charges, adjusted income stood at ₦263.2 billion.
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At the same time, operating expenses rose to ₦97.9 billion from ₦90.04 billion, reflecting higher costs from inflation and expansion.
Even so, the bank maintained strong profitability.
Balance Sheet And Market Reaction
Ultimately, pretax profit rose to ₦165.3 billion from ₦116.4 billion despite the cost pressures.
After tax expenses of ₦50.4 billion, profit after tax reached ₦114.9 billion compared with ₦82.06 billion in the previous year.
Earnings per share improved to ₦7.15 from ₦5.10, reflecting stronger shareholder returns.
On the balance sheet, total assets expanded to ₦9.7 trillion from ₦8.6 trillion.
Loans and advances stood at ₦2.8 trillion, trading assets at ₦2.3 trillion, and cash and cash equivalents at ₦2.2 trillion, showing a diversified asset base.
Customer deposits reached ₦4.6 trillion, while trading liabilities rose to ₦2.02 trillion.
Total liabilities increased to ₦8.4 trillion.
Reserves grew by 15.68% to ₦993.09 billion, lifting total equity to ₦1.2 trillion from ₦1.1 trillion.
Finally, the market responded positively.
Stanbic IBTC shares, listed as STANBIC, gained 6.56% after the results release on April 24, 2026 and closed at ₦162.5.
Year-to-date, the stock rose 62.50%, with over 145 million shares traded as investors reacted to the strong performance.
