The company reported a pre-tax profit of N551.7 billion, marking an 81.62% jump from N303.7 billion recorded in 2024. This sharp increase was largely driven by a combination of strong top-line growth and improved efficiency, supported by both interest and non-interest income streams.
At the core of this performance was interest income, which climbed by 38.94% year-on-year to N787.05 billion. Loans and advances to customers contributed the largest share at N473.2 billion—about 60% of total interest income—highlighting aggressive credit expansion during the period. Investment income followed at N285.1 billion (36%), while loans and advances to banks contributed N28.7 billion.
However, rising yields were accompanied by higher funding costs. Interest expenses increased by 29.51% to N202.04 billion. Despite this, net interest income grew strongly by 42.53% to N585 billion, up from N410.4 billion in 2024, reflecting effective margin management.
Non-interest revenue also recorded significant growth. Fees and commissions rose by 38.28% to N257.7 billion from N186.4 billion. After deducting expenses of N27.6 billion, net fees and commissions stood at N230.1 billion. Trading revenue grew by 33.67% to N76.9 billion, driven primarily by fixed income and foreign exchange trading activities.
Additional contributions came from net insurance income of N6.7 billion and other income of N8.3 billion, bringing total non-interest revenue to N310.7 billion.
Combining both income streams, operating income increased by 38.48% to N895.7 billion. A notable highlight was the sharp decline in net impairment losses on financial assets, which fell to N14.2 billion from N99.3 billion in the prior year—an indication of improved credit quality and risk controls. This left net income at N881.5 billion before expenses.
Operating expenses rose by 35.31% to N329.7 billion, up from N243.6 billion, reflecting inflationary pressures and business expansion. The bulk of these costs came from other operating expenses totaling N216.3 billion and staff costs of N113.4 billion.
After accounting for these expenses, profit before tax settled at N551.7 billion. Following an income tax charge of N170.9 billion, post-tax profit reached N380.7 billion, representing a 69% year-on-year increase. Earnings per share also rose significantly to N23.68 from N13.94.
On the balance sheet, the group recorded strong expansion. Total assets grew to N8.6 trillion from N6.9 trillion in 2024. Loans and advances stood as the largest asset class at N3.8 trillion, up from N2.4 trillion. This was followed by cash and bank balances of N1.6 trillion, financial investments of N1.4 trillion, and trading assets of N862.1 billion.
Total liabilities increased to N7.4 trillion from N6.2 trillion, driven largely by growth in customer deposits and current accounts, which reached N4.7 trillion. Meanwhile, total equity strengthened to N1.1 trillion from N670.6 billion, supported by reserves of N858.4 billion, indicating a stronger capital base.
In line with its improved earnings, the group declared a final dividend of N4 per ordinary share of 50 kobo, amounting to N63.6 billion. The dividend is scheduled for payment on May 26, 2026, bringing total dividends for the 2025 financial year to N6.50 per share—up from N5.00 in 2024.
Market performance has already reflected investor optimism. During the trading week ended April 17, 2026, the company’s shares gained 36.63% on the Nigerian Exchange, with a market volume exceeding 8 million units traded. Year-to-date, the stock has appreciated by 88.55%, and analysts expect further positive sentiment as investors continue to digest the audited results.
Overall, the 2025 financials underscore a year of accelerated growth for Stanbic IBTC, driven by strong revenue diversification, improved asset quality, rising shareholder returns, and a significantly strengthened balance sheet.