Stanbic IBTC Nine-Month Profit Rises 35% to ₦531.88bn as Trading Income Surges

Stanbic IBTC Holdings reported a 35.05% year-on-year rise in profit before tax to ₦531.88 billion for the nine months ended September 30, 2026. Profit after tax increased to ₦370.36 billion, while earnings per share rose to ₦23.03. The result was supported by a sharp increase in trading revenue and higher fee and commission income. Trading revenue rose to ₦210.13 billion from ₦23.86 billion, while lower impairment charges also strengthened the bank's bottom line. Net interest income, however, fell 14.93% as interest expenses increased. Total assets rose to ₦9.60 trillion, while customer loans grew to ₦2.61 trillion. The group also fixed a reference price of ₦159.86 per share for its interim scrip dividend programme, giving eligible shareholders a choice between cash and additional shares. Stanbic IBTC shares closed at ₦160 on October 23, up 60% from ₦100 at the start of the year.

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