Stanbic IBTC Holdings Plc has reported a pretax profit of N150.09 billion for the third quarter of 2025, representing a remarkable 91.78% year-on-year increase from the N78.2 billion recorded in the corresponding period of 2024, according to its financial statements for the period ended September 30.
The result pushed the Group’s nine-month pretax profit to N393.8 billion, up 76.66% from the previous year’s figure, cementing Stanbic IBTC’s position among Nigeria’s most profitable financial institutions this year.
Revenue Drivers
The impressive performance was underpinned by robust growth in interest income, which rose 11.06% in the third quarter to N199.5 billion, bringing the total for the first nine months to N584.3 billion, up 37.23% year-on-year.
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Interest on loans and advances to customers remained the key driver, contributing N118 billion, while interest on investments added N73.5 billion. Interest earned from loans and advances to banks accounted for N7.9 billion.
At the same time, the bank recorded a significant drop in interest expenses, which fell from N102.1 billion in Q3 2024 to N60.9 billion this year — a decline of nearly 40%. This reduction in funding costs helped to expand net interest income by 78.69%, reaching N138.5 billion for the quarter.
Non-Interest Income and Operating Performance
Non-interest income, comprising fees, commissions, and trading revenue, amounted to N82.6 billion in Q3 2025 — slightly lower than the N87.2 billion reported in the same period last year. Despite the modest dip, fee and commission income rose 39.86% year-on-year to N58.2 billion, supported by growing transaction volumes and digital banking operations. Trading revenue, on the other hand, stood at N24.7 billion, reflecting softer trading activity in volatile market conditions.
Together, interest and non-interest income brought Stanbic IBTC’s total income to N221.2 billion, up from N164.7 billion a year earlier — a growth of 34.29%. After recognizing an impairment charge of N533 million, income after impairment stood at N220.7 billion, marking a 67.30% improvement from the previous year.
Operating expenses for the quarter amounted to N70.6 billion, underscoring improved cost discipline and operational efficiency. This left the bank with a pretax profit of N150 billion, while after-tax profit stood at N105 billion, following an income tax expense of N45 billion.
Balance Sheet Strength
On the balance sheet side, Stanbic IBTC recorded a notable expansion, with total assets climbing 21.25% year-on-year to N8.3 trillion, compared to N6.9 trillion in the same period of 2024. Loans and advances accounted for the largest share at N2.6 trillion, underscoring the Group’s sustained support for businesses and individuals amid Nigeria’s challenging credit environment.
Total equity rose sharply to N1.06 trillion, up from N670.6 billion six months earlier, largely driven by retained earnings totaling N800.9 billion. The stronger equity base positions the Group well for future capital adequacy and expansion plans.
Total liabilities also increased by 17.21% to N7.3 trillion, with customer deposits of N4.7 trillion and trading liabilities of N1.1 trillion accounting for the bulk.
Market Performance and Outlook
Stanbic IBTC’s shares have mirrored its financial momentum. As of the close of trading on October 27, the stock was priced at N107.2, representing an 86.1% gain year-to-date, making it one of the best-performing banking stocks on the Nigerian Exchange.
Analysts say the Group’s ability to manage costs and strengthen its interest income base in a volatile macroeconomic environment highlights its resilience and effective balance sheet strategy. The improvement in its funding cost also suggests better asset-liability management and improved access to cheaper deposits.
With a strong nine-month performance, Stanbic IBTC is on track to post record annual profits in 2025, positioning itself to further consolidate market share in corporate and investment banking, asset management, and retail financial services.
If inflationary pressures ease and credit growth remains stable through year-end, the Group could close 2025 with one of the highest profitability ratios among Nigeria’s tier-one banks.