Stanbic IBTC Holdings Plc has reported a profit after tax of N173.4 billion for the half year ended June 30, 2025, showing a 49 per cent rise compared with the N116.4 billion recorded in the same period of 2024.
The results, contained in the bank’s unaudited financial statement released to the Nigerian Exchange Limited on Monday, showed that the growth was mainly driven by strong interest income as well as improved earnings from fees and commissions.
Interest income rose by 56 per cent to N384.8 billion in the first half of 2025, up from N246.1 billion recorded in the first half of 2024. This pushed net interest income to N316 billion, compared with N174.3 billion in the same period last year.
The lender also recorded solid growth in its fee-based businesses. Fee and commission revenue increased to N123.7 billion in June 2025 from N88.7 billion in June 2024, while net fee and commission income rose to N114.3 billion from N83 billion. Other income improved slightly to N6.6 billion, though total non-interest revenue declined to N117.9 billion compared with N129.1 billion in the same period last year.
Profit before tax climbed 66 per cent to N243.7 billion from N147 billion a year earlier, showing the bank’s ability to deliver improved earnings across different income lines. Earnings per share also moved up to N10.78 from N8.84 reported in the previous year, giving shareholders higher returns.
On the balance sheet side, Stanbic IBTC recorded a 17.5 per cent growth in total assets, which rose to N8.12 trillion as of June 30, 2025, compared with N6.91 trillion at the end of December 2024. The increase was supported by higher loan volumes and other interest-generating assets.
Equity attributable to shareholders grew strongly to N941.7 billion, up from N661.9 billion at the end of 2024. The growth was largely from retained earnings and reserves, reflecting stronger profitability and improved capital position.
The bank also reported higher deposit mobilisation in the period under review. Deposit liabilities climbed to N3.7 trillion in June 2025, compared with N3.27 trillion in December 2024. Customer deposits accounted for N3.43 trillion, showing that the bank continued to attract more funds from individuals and businesses.
Financial analysts note that Stanbic IBTC’s half-year performance highlights the resilience of the Nigerian banking sector despite macroeconomic challenges, including inflation and rising interest rates. The growth in interest income suggests that the bank benefitted from the higher yield environment, while its fee and commission growth points to strong performance in asset management, digital banking, and transaction services.
The performance also reinforces Stanbic IBTC’s position as one of the leading financial institutions in Nigeria with a solid balance sheet, strong customer base, and increasing profitability. Market watchers say the positive half-year result may strengthen investor confidence in the lender’s stock on the Nigerian Exchange in the coming months.
