Stanbic IBTC Falls by 9.2% on Weak Investors Sentiment
The market value of Stanbic IBTC Holdings Plc’s 15.901 billion shares outstanding fell by more than 9% to N1.701 trillion on the Nigerian Exchange due to negative investors’ sentiment.
According to data from the Nigerian Exchange, the tier-2 lender was valued at N1.701 trillion at the close of the trading session on Friday.
The selloffs reduce Stanbic IBTC share price to N107.2 from the opening price of N118 for the week, reflecting fluctuation in the trading volume executed in the local bourse. Investors’ sentiment was weak before the group released the earnings scorecard for the third quarter.
Stanbic IBTC bolstered earnings performance; its profit grew by 52% to N278.476 billion at the end of 9month of 2025 reporting period.
The financial services company’s unaudited numbers showed a 37.2% year on year increase in interest income to N584.3 billion, driven by higher yields on risk assets.
Reflecting its low lending appetite, Stanbic IBTC net loans to customers declined by 2.5% in 9M 2025 compared with the December 2024 position. Interest expense declined, down 25.4% year on year to N129.7 billion, implying reduced funding costs.
Overall, net interest income grew strongly, up 80.5% year on year to N454.6 billion in 9M 2025 but was down 16.6% quarter on quarter.
Net fee and commission was up 38.5% y/y, mainly driven by foreign currency service fees, custody transaction fees, brokerage and financial advisory fees, and asset management fees.
Other income declined significantly y/y, down 68.7% year on year to N27.98bn, from N89.4bn in 9M 2024. The year on year decline was mainly due to a 70.3% decline in trading revenue on fixed income and currencies.
Stanbic IBTC Holdings Plc’s nonperforming loan to total loan ratio increased to 5.0% from 4.2% as of December 2024. Operating expenses grew 36.0% year on year Regulatory Crossfire: CBN’s Foray into FIM Oversight Erodes SEC Authority
