Stanbic IBTC Posts N243.7 Billion Pre-tax Profit in H1 2025

Stanbic IBTC Holdings Plc has released its financial report for the half-year period ending June 30, 2025, revealing a pretax profit of N243.7 billion.

This reflects a significant increase of 65.81% compared to the N147 billion recorded in the first half of 2024, primarily fueled by a robust performance at the top line.

Interest income surged by 56.34% to reach N384.7 billion, with contributions of N239.7 billion from loans and advances to customers, N131.2 billion from investments, and N13.7 billion from loans and advances to banks.

In contrast, interest expenses saw a slight decline to N68.7 billion from N71.8 billion a year prior, which helped elevate net interest income to N316 billion—a remarkable rise of 81.31%.

On the other hand, non-interest revenue experienced a slight dip, falling to N117.9 billion from N129.1 billion in the previous year.

Fees and commission income comprised the bulk at N123.6 billion, while other income, chiefly from property disposals, contributed N6.6 billion.

Together, the interest and non-interest income reached N433.9 billion before accounting for impairments. After an impairment charge of N11.1 billion, the adjusted figure settled at N422.8 billion.

Operating expenses, largely driven by staff costs and various overheads, amounted to N179 billion, resulting in a pretax profit of N243.7 billion, reflecting a year-on-year increase of 65.81%.

On the balance sheet front, Stanbic reported total assets of N8.12 trillion, marking a 17.51% increase, while reserves climbed to N686.7 billion from N522.6 billion in the previous year.

Key highlights (2025 vs 2024):

1. Interest income: N384.7 billion, +56.34% YoY
2. Net interest income: N316 billion, +81.31% YoY
3. Net fees and commission revenue: N117.9 billion, -8.70% YoY
4. Other income: N6.6 billion, -10.17% YoY
5. Income after impairment charges: N422.8 billion, +52.70% YoY
6. Profit before tax: N243.7 billion, +65.81% YoY
7. Total assets: N8.1 trillion, +17.51% YoY

Stanbic IBTC has recorded a year-to-date performance of 70.14%, with its share price closing at N98.00 as of market close on 22nd September 2025.