Stanbic IBTC Holdings Plc has released its financial statement for the first quarter of 2025, with profit surging by 80% to N82 billion, from N45.6 billion announced in the same period last year.
According to the group 2025 first quarter financial statement filed with the Nigerian Exchange, the group witnessed significant improvement across key success metrics with Profit before tax reaching N116.4 billion from N62.7 billion.
The group recorded a 91% surge in interest paid on loans and other investment activities, with the net interest income reaching N149.9 billion in Q1 2025.
However, Non-Interest revenue declined to N53.1, compared to the N61.3 billion achieved in the same period the previous year, highlighting the group’s decrease in income generated from service charges, fees, commissions, and other miscellaneous revenue.
Operating expenses increased to N90 billion from N68.4 billion. The assets and liabilities also increased, with the total assets reaching N7.4 trillion, while total liabilities also reached N7.4 trillion.
The bank experienced significant growth in its financial activities, with a moderate increase in deposits from customers, which jumped to N3.4 trillion from N3.3 trillion. While loans and advances to customers reached N1.3 billion.
The group Q1 financial statement highlights a solid performance driven by growth in key income streams and a growing customer base.
Additionally, the rise in net interest income reflects the bank’s ability to optimize its interest-earning assets while managing costs effectively.
