Stanbic IBTC Reports 35% Profit Surge, Sets Scrip Dividend

Stanbic IBTC Holdings Plc announced a 35.05% year-on-year increase in group profit before tax, reaching N531.88 billion for the nine months ending September 30, 2026, compared to N393.84 billion in the same period of 2025. In Q3 2026, pre-tax profit rose by 26.80% to N190.31 billion from N150.09 billion in Q3 2025.

Profit after tax increased by 33.00% to N370.36 billion from N278.48 billion in 9M 2025, with earnings per share rising to N23.03 from N17.31. On October 23, 2026, Stanbic IBTC set the reference price for its 2026 interim scrip dividend at N159.86 per ordinary share, following an interim dividend declaration of N4.50 per share.

Shareholders can choose cash or new shares, with election forms due by November 6, 2026, and cash payments scheduled for November 13, 2026. The profit growth was driven by increased trading income, higher fee and commission revenue, and reduced impairment charges.

Total assets grew to N9.60 trillion, while total loans and advances declined by 20.90% to N3.04 trillion.