Stanbic IBTC Holdings Plc recorded a profit after tax of ₦239.68 billion for the first half of 2026, representing a 38.2 percent increase from the ₦173.43 billion reported in the corresponding period of 2025.
Profit before tax also rose by 40.13 percent to ₦341.57 billion, compared with ₦243.74 billion a year earlier. Gross earnings increased 27.15 percent to ₦650.31 billion from ₦511.45 billion, giving the financial services group a stronger top-line performance alongside the increase in profitability.
Non-Interest Revenue Changes the Earnings Mix
The earnings growth came against a decline in the Group’s interest income, which fell 5.4 percent to ₦359.10 billion from ₦379.61 billion in H1 2025. Net interest income was also lower, declining to about ₦266.28 billion from ₦310.83 billion, reflecting the pressure on the traditional interest-driven component of the business.
The gap was more than offset by stronger non-interest revenue, which rose 125.88 percent to ₦278.02 billion. The result points to a broader earnings contribution from Stanbic IBTC’s businesses beyond conventional lending and deposit-related income.
The Group’s diversified structure includes banking, pension management, asset management, capital markets, insurance and other financial services.
Its pension and asset management businesses remained significant contributors among the non-banking subsidiaries during the period, with Stanbic IBTC Pension Managers recording revenue of ₦56.60 billion, up from ₦43.76 billion in H1 2025.
Stanbic IBTC Increases Interim Dividend
The stronger earnings have also translated into a higher interim return for shareholders. The Board declared an interim dividend of ₦4.50 per ordinary share, subject to applicable withholding tax and regulatory requirements. The dividend is 80 percent higher than the ₦2.50 per share interim dividend declared for H1 2025.
The Nigerian Exchange disclosure gives October 15, 2026 as the qualification date and November 13, 2026 as the payment date for the dividend.
The H1 results come after a strong 2025 for Stanbic IBTC, when the Group reported ₦551.8 billion in profit before tax, ₦895.7 billion in operating income and ₦8.62 trillion in total assets for the full year. The latest performance shows that the Group has continued to build on that earnings base, even as the contribution from interest income comes under pressure.
For Stanbic IBTC, the significance of the H1 numbers therefore extends beyond the 38 percent increase in profit. The results show a financial services group increasingly drawing earnings from a wider mix of businesses, allowing stronger non-interest income to compensate for weaker net interest income while supporting a higher dividend payout to shareholders.
