Stanbic IBTC Holdings Plc has reported a pretax profit of N243.7 billion for the half-year ended June 30, 2025, representing a 65.81% increase from N147 billion in the corresponding period of 2024.
The sharp rise was driven mainly by robust growth in interest income, which offset a mild dip in non-interest revenues.
The group’s interest income jumped 56.34% year-on-year to N384.7 billion. This was powered by N239.7 billion from loans and advances to customers, N131.2 billion from investment securities, and N13.7 billion from loans and advances to banks. At the same time, interest expenses fell slightly to N68.7 billion from N71.8 billion a year earlier, resulting in an 81.31% surge in net interest income to N316 billion.
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Non-interest revenue, however, slipped to N117.9 billion compared with N129.1 billion in the prior period. Fees and commission income remained the bulk contributor at N123.6 billion, while other income—largely from property disposals—was down to N6.6 billion.
Altogether, Stanbic’s interest and non-interest income stood at N433.9 billion before impairments. After accounting for impairment charges of N11.1 billion, income came to N422.8 billion, reflecting a 52.70% increase year-on-year.
Operating costs reached N179 billion, largely driven by staff expenses and administrative overheads, leaving a pretax profit of N243.7 billion.
On the balance sheet, total assets climbed 17.51% to N8.12 trillion, while reserves increased to N686.7 billion from N522.6 billion a year earlier, underscoring the bank’s strengthened capital position.
Key Highlights (H1 2025 vs H1 2024):
- Interest income: N384.7 billion, +56.34%
- Net interest income: N316 billion, +81.31%
- Net fees and commission revenue: N117.9 billion, -8.70%
- Other income: N6.6 billion, -10.17%
- Income after impairment charges: N422.8 billion, +52.70%
- Profit before tax: N243.7 billion, +65.81%
- Total assets: N8.1 trillion, +17.51%
Stanbic IBTC’s share price has rallied strongly in 2025, gaining 70.14% year-to-date, with the stock closing at N98.00 as of September 22, 2025.
Comparative Performance Across the Sector
Stanbic’s performance places it among the leaders of Nigeria’s banking sector, where several tier-one banks have also reported strong half-year results, albeit under similar macroeconomic headwinds.
Zenith Bank, for instance, reported a pretax profit of N505 billion for H1 2025, driven by a surge in interest income that mirrored the trend across the sector. Access Holdings also posted robust growth, with a pretax profit crossing N400 billion, supported by higher loan yields and investment income. GTCO recorded N367 billion pretax profit, also reflecting stronger interest earnings despite pressures on non-interest revenues.
While Stanbic’s N243.7 billion pretax profit is lower in absolute terms compared to its peers, the bank’s year-on-year growth rate of 65.81% stands out as one of the fastest among tier-one banks. The strong expansion in net interest income, which rose by 81.31%, demonstrates its ability to capitalize on higher interest rates more effectively than some rivals, even as non-interest income remained pressured.
Analysts note that this growth trajectory highlights Stanbic’s resilience in balancing its operations amid elevated funding costs, foreign exchange volatility, and inflationary pressures. With total assets rising to N8.12 trillion, Stanbic continues to consolidate its position among Nigeria’s largest financial institutions, though still behind peers like Access Holdings and Zenith Bank, which reported asset bases above N20 trillion.