Stanbic IBTC Holdings Plc has recorded a profit after tax of N278.48bn for the nine months ended September 30, 2025, representing a significant increase from N182.87bn in the same period of 2024, according to financial statements released on the Nigerian Exchange.
The company’s profit before tax rose to N393.84bn from N222.93bn, an increase of 77 per cent. This growth was supported by higher net interest income and lower impairment charges.
Net interest income increased to N454.59bn, up from N251.85bn in 2024. Interest income grew to N584.31bn from N425.78bn, while interest expenses declined to N129.72bn from N173.93bn. Non-interest revenue, which includes fee and commission income, trading revenue, and other income, decreased slightly to N200.58bn from N214.01bn. Fee and commission revenue rose to N190.52bn from N134.38bn, while fee and commission expenses increased to N17.93bn from N9.74bn.
Net impairment write-back on financial assets improved sharply, recording a loss of N11.64bn, down from a loss of N59.38bn in 2024. The reduction in impairment charges contributed significantly to the increase in profit.
Operating expenses increased to N249.69bn from N183.55bn in 2024. Staff costs rose to N82.90bn from N63.71bn, while other operating expenses increased to N166.79bn from N119.85bn. Despite higher operating costs, the growth in revenue and reduction in impairments supported overall profitability.
The profit attributable to equity holders of the parent company was N275.29bn, while non-controlling interests accounted for N3.18bn. Basic and diluted earnings per share increased to 1,731 kobo from 1,390 kobo.
On the balance sheet, the company’s total assets grew to N8.38tn from N6.91tn at the end of 2024. Cash and cash equivalents declined to N1.68tn from N2.25tn, while trading assets increased to N1.63tn from N591.53bn, reflecting increased market activity. Financial investments rose to N1.36tn from N1.09tn, and loans and advances increased to N2.62tn from N2.40tn, driven mainly by growth in loans to banks, which rose to N330.55bn from N51.85bn. Customer loans decreased slightly to N2.29tn from N2.35tn.
Customer deposits, a key source of funding for the bank, increased to N4.18tn from N3.01tn, while total deposits, including those from banks, rose to N4.71tn from N3.27tn. Shareholders’ equity increased to N1.06tn from N670.65bn, reflecting retained earnings and share capital movements. Total liabilities grew to N7.32tn from N6.24tn.
Other key balance sheet items include trading liabilities of N1.17tn, derivative liabilities of N4.31bn, debt securities issued of N180.87bn, and provisions of N15.44bn. Insurance contract liabilities increased to N66.68bn, up from N39.33bn.
