Stanbic IBTC Holdings has reaffirmed its commitment to sustainable growth and delivering long-term value to shareholders, as its stock maintained a steady position at N101 per unit at the close of trading on Monday on the Nigerian Exchange Limited.
The shares of Stanbic IBTC Holdings Plc crossed the N100 per unit milestone last Tuesday, thus becoming the second banking stock to achieve that three-digit share price feat.
In a statement on Monday, the financial institution said that the increased investor confidence in its stocks reflects a broader enthusiasm surrounding the company’s robust fundamentals. The upward momentum has been impacted by the group’s first quarter 2025 results, where it reported a pre-tax profit of N116.4bn, marking 85.6 per cent appreciation when compared to the same period last year.
Amidst positive sentiments prevailing in the market, Stanbic IBTC has now delivered an extraordinary year-to-date return of over 74 per cent and a cumulative trading volume of 180 million shares.