Stanbic IBTC Holdings Plc has published its half-year financial results for the period ended 30 June 2025, showing stronger revenues but weaker profits compared to last year.
Gross earnings climbed to ₦258.9 billion, up from ₦222.5 billion in H1 2024, reflecting healthy growth in banking income and other operations.
Profit before tax fell by 6% to ₦92.7 billion, compared to ₦98.2 billion in H1 2024, mainly due to higher costs.
Profit after tax declined by 9% to ₦75.3 billion, down from ₦82.4 billion last year.
Earnings per share (EPS) stood at ₦5.56, lower than ₦6.07 in H1 2024.
In a move that surprised many investors, the bank declared an interim dividend of ₦2.50 per share, a sharp increase from last year’s ₦1.60 per share. This payout will go to shareholders whose names appear in the company’s register by the qualification date.
The group’s financial position remains solid. Total assets grew to ₦6.73 trillion, up from ₦5.35 trillion at the end of 2024. Customer deposits rose significantly to ₦4.51 trillion, compared to ₦3.56 trillion six months earlier. Shareholders’ equity also strengthened to ₦664.5 billion, reflecting a stronger capital base.
What this means for shareholders
For investors, the results are encouraging despite the profit dip. The higher interim dividend (₦2.50 vs ₦1.60 last year) shows management’s confidence and commitment to delivering value to shareholders, even in a tougher operating environment. While the decline in profit and EPS points to rising costs that could be a concern, the strong growth in deposits, assets, and capital suggests the bank is well-positioned for long-term stability.
In short: lower profits, but a much bigger dividend — a trade-off most shareholders will likely welcome.
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