Stanbic IBTC profit hits $283 million in 2025, up 69%

Stanbic IBTC Holdings (Stanbic IBTC), a Lagos-based financial services group backed by investment banker Atedo Peterside, reported a 69% surge in profit to N380.8 billion ($283.22 million) in 2025, driven by rising interest rates and favorable foreign exchange movements. The performance underscores the bank’s ability to capitalize on Nigeria’s high-rate environment, boosting earnings across core business lines.

The group’s profit rose sharply from N225.31 billion ($167.46 million) in 2024, reflecting strong momentum in both interest and non-interest income streams.

Interest income drives strong earnings

Interest income grew significantly, climbing from N566.46 billion ($421.43 million) in the prior year to N787.05 billion ($585.7 million), a significant 38.94% increase. Income from fees and commissions also jumped, rising 38.28% to N257.77 billion ($191.81 million) from N186.42 billion ($138.68 million) in 2024.

Peterside’s backing and Stanbic IBTC’s financial growth

Stanbic IBTC, a leading Nigerian financial services group with total assets expanding by 24.71% to of N8.62 trillion ($6.4 billion) as of December 31, 2025, ranks as the top 11 most-capitalised company on the Nigerian Exchange. Market capitalization stands at N3 trillion ($2.23 billion).

Founded in 1989 as an investment bank, Stanbic IBTC had Atedo N.A. Peterside as its first CEO. Peterside, a prominent figure in Nigerian banking and founder of Anap Business Jets and the Atedo N.A. Peterside Foundation retains a 1.54% stake in Stanbic IBTC, representing 245 million ordinary shares.

Stanbic IBTC proposes dividend payout

As a result of its impressive financial performance, the group’s board of directors proposed a dividend of N4 per share ($0.00298) per share, amounting to N63.61 billion ($47.18 million) is to be distributed from retained earnings. This alongside the N2.5 interim dividend declared in September 2025, totals N103.36 billion ($76.67 million).

The dividend reflects the bank’s commitment to shareholder value and complies with CBN regulations. Stanbic IBTC’s 2025 performance underscores its resilience, innovation, and unwavering pursuit of excellence in Nigeria’s banking sector. The bank is positioned as a trailblazer, driving sustainable growth and success in the dynamic financial landscape.