{
  "id": 16290776,
  "title": "Stanbic IBTC’s pre-tax profit rises 35% in 9M 2026, sets N159.86 scrip dividend price",
  "url": "https://urgent.news/2026/10/24/stanbic-ibtcs-pre-tax-profit-rises-35-in-9m-2026-sets-n159-86-scrip",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T06:16:01.000Z",
  "source": {
    "name": "Nairametrics",
    "slug": "nairametrics",
    "url": "https://nairametrics.com/2026/10/24/stanbic-ibtcs-pre-tax-profit-rises-35-in-9m-2026-sets-n159-86-scrip-dividend-price/"
  },
  "original_language": "en",
  "account": "Stanbic IBTC's profit before tax surged 35.05% in the nine months ending September 30, 2026, reaching N531.88 billion compared to N393.84 billion in the same period last year. The third quarter saw a 26.80% increase, with pre-tax profit climbing to N190.31 billion from N150.09 billion in Q3 2025. After-tax profit rose 33.00% to N370.36 billion from N278.48 billion, while earnings per share increased to N23.03 from N17.31. The company announced a N159.86 per share interim scrip dividend price on October 23, 2026, following an earlier announcement of N4.50 per share. Shareholders can choose to receive the dividend in cash or new shares by submitting their election forms by November 6, 2026. The company's total income grew by 24.82% year-on-year to N817.77 billion, while interest income decreased by 5.35% to N545.35 billion. Operating expenses rose by 14.30% to N285.39 billion. The company's nine-month earnings were driven by stronger trading income, higher fee and commission revenue, and a significant reduction in impairment charges. Trading revenue increased by approximately 780.58% to N210.13 billion, while non-interest revenue more than doubled to N437.99 billion, contributing 53.56% to total income. The company's total assets grew by N978.60 billion to N9.60 trillion, while loans and advances declined by 20.90% to N3.04 trillion. Total deposits increased by 12.30% to N5.37 trillion.",
  "summary": "Stanbic IBTC Holdings Plc has reported a 35.05% year-on-year increase in group profit before tax to N531.88 billion for the nine months ended September 30, 2026, compared with N393.84 billion in the corresponding period of 2025. The post Stanbic IBTC’s pre-tax profit rises 35% in 9M 2026, sets N159.86 scrip dividend price appeared first on Nairametrics .",
  "key_points": [
    "Stanbic IBTC's pre-tax profit rose 35% to N531.88 billion in 9M 2026",
    "Interim scrip dividend price set at N159.86 per share",
    "Total income grew 24.82% year-on-year to N817.77 billion"
  ],
  "editors_take": "A massive surge in trading income and non-interest revenue shifts the bank's profitability profile away from traditional lending toward more diverse, fee-based income streams.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}