Stanbic IBTC Holdings Plc has reported a pretax profit of N150 billion for the third quarter of 2025, nearly doubling its N78.2 billion performance from the same period last year.
The financial services group’s latest financial statement, released for the period ended September 30, shows a 91.78% year-on-year increase in quarterly pretax profit, bringing its nine-month total to N393.8 billion, up 76.66% from 2024 levels.
The performance was underpinned by a strong top-line expansion, with interest income rising 11.06% to N199.5 billion in the third quarter alone and 37.23% year-to-date to N584.3 billion.
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Solid Growth Across Income Lines
Interest income from loans and advances to customers remained the biggest driver, contributing N118 billion, while income from investments added N73.5 billion and loans to banks generated N7.9 billion.
Total net interest income surged 78.69% to N138.5 billion, benefiting from a decline in interest expenses to N60.9 billion from N102.1 billion in the same quarter of 2024.
Operating income stood at N221.2 billion, up 34.29% year-on-year, while income after impairment charges reached N220.7 billion, marking a 67.3% rise.
Non-Interest Income and Cost Efficiency
Stanbic IBTC recorded a slight dip in non-interest income, which closed at N82.6 billion, compared to N87.2 billion a year earlier.
This included net fee and commission income of N58.2 billion and trading revenue of N24.7 billion.
Despite this, the group maintained strong operational efficiency, with operating expenses at N70.6 billion, leading to a pretax profit of N150.09 billion and a net profit of N105 billion after tax of N45 billion.
The bank’s performance reflects continued balance between lending growth, interest management, and effective cost discipline — a trend that has strengthened its position among Nigeria’s most profitable banking groups.
Stanbic IBTC’s total assets grew 21.25% to N8.3 trillion, up from N6.9 trillion a year earlier.
Loans and advances made up the largest portion, totalling N2.6 trillion, while total equity rose to N1.06 trillion, compared to N670.6 billion six months ago — largely driven by retained earnings of N800.9 billion.
Total liabilities climbed 17.21% to N7.3 trillion, with current account deposits at N4.7 trillion and trading liabilities of N1.1 trillion forming the bulk of obligations.
The company’s stock has also reflected investor confidence, closing at N107.2 per share on October 27 — representing an 86.1% gain year to date.
Stanbic IBTC’s third-quarter performance underscores the strength of its diversified financial structure and strategic focus on revenue optimization.
The significant rise in pretax profit and balance sheet size signals sustained momentum heading into the final quarter of 2025, driven by resilient interest income and disciplined cost management.
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