{
  "id": 11008859,
  "title": "Stanbic IBTC’s pre-tax profit rises 40%, declares N4.50 interim dividend",
  "url": "https://urgent.news/2026/09/30/stanbic-ibtcs-pre-tax-profit-rises-40-declares-n4-50-interim-dividend",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T18:35:41.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/09/30/stanbic-ibtcs-pre-tax-profit-rises-40-declares-n4-50-interim-dividend/"
  },
  "original_language": "en",
  "account": "Stanbic IBTC Holdings Plc revealed a 40.13% rise in profit before tax for the first half of 2026, reporting an interim dividend of N4.50 per share, which is an 80% increase from the N2.50 per share announced in the same period last year. The company's pre-tax profit surge was propelled by a significant rise in non-interest revenue, particularly trading income, alongside improved fee and commission income and reduced impairment charges. These gains largely countered weaker net interest income and higher operating costs. Notably, gross earnings climbed by 27.15% to N650.31 billion, despite interest income falling by 5.40% to N359.10 billion and interest expense rising by 34.98% to N92.83 billion. The decline in net interest income was offset by lower impairment charges and a sharp increase in non-interest revenue, which more than doubled to N278.02 billion from N123.08 billion, driven mainly by trading revenue. Net fee and commission revenue also climbed by 27.08% to N145.26 billion. Total assets expanded by 26.59% to N10.91 trillion, with customer deposits increasing 5.90% to N4.63 trillion and trading assets rising sharply by 235.42% to N2.89 trillion. While cash and bank balances declined by 17.98% to N1.39 trillion, total liabilities grew by 28.29% to N9.62 trillion. Despite these changes, equity expanded by 15.27% to N1.30 trillion, and the company's share price increased by 64% year-to-date, currently trading at around N164.00. Investors will be scrutinizing whether this impressive earnings growth and the higher interim dividend can sustain the stock's elevated valuation.",
  "summary": "Stanbic IBTC Holdings Plc has released its H1 2026 results, reporting a 40.13% increase in profit before tax for the period ended June 30, 2026. The post Stanbic IBTC’s pre-tax profit rises 40%, declares N4.50 interim dividend appeared first on Nairametrics .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "BusinessDay Nigeria",
        "title": "Stanbic IBTC profit surges 38%, declares N4.50 interim dividend",
        "url": "https://urgent.news/2026/09/30/stanbic-ibtc-profit-surges-38-declares-n4-50-interim-dividend",
        "published": "2026-09-30T13:55:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}