WATCH THE VIDEO HERE Stanbic IBTC Holdings Plc has released its first-quarter financial statement for the period ended 31 March 2025, revealing a pre-tax profit of N116.4 billion. This achievement represents an impressive 85.63% increase compared to the N62.7 billion reported during the same quarter last year, driven primarily by a significant surge in interest income. First quarter interest income soared to N180.4 billion, up from N115.8 billion in the previous year, reflecting a substantial growth of 55.84%. The Group’s interest expenses declined by 21.39%, from N38.9 billion to N30.5 billion in Q1 2025. Consequently, total income surged by 48.86%, rising from N138.2 billion to N203 billion. Furthermore, the Group’s total assets reached an impressive N7.3 trillion, marking a year-over-year increase of 7%. As of market close on 25th of April 2025, shares of the company were priced at N59.20, reflecting a year-to-date gain of 2.78%.
Stanbic IBTC reports pre-tax profit of N116.4 billion in Q1 2025 as interest income soars
