Stanbic IBTC Offers N4.50 Interim Dividend as H1’26 Net Profit Surges 38%

By Aduragbemi Omiyale

An interim dividend of N4.50 has been announced by the board of Stanbic IBTC Holdings Plc for the half-year, which ended on June 30, 2026.

In its H1 2026 financial statements released to the Nigerian Exchange (NGX) Limited, the financial services firm said the qualification date for the cash reward is Thursday, October 15, 2026, while the payment date is Friday, November 13, 2026.

The interim dividend is being proposed after the organisation improved its profit before tax by 40.17 per cent to N341.3 billion from N243.7 billion in the first half of 2025, as its net profit surged by 38.24 per cent to N239.7 billion from N173.4 billion.

A look at the top line showed that gross earnings in the first six months of this year increased to N650.3 billion from N511.5 billion despite a 13.32 per cent contraction in net interest income.

It was observed that the interest income was down to N359.1 billion from N379.6 billion in the same period of last year due to lower earnings from loans to banks and customers despite an improvement in interest on investments.

Business Post reports that loans to customers shrank by 12.97 per cent to N208.7 billion from N239.8 billion, while interest on investment grew by 12.37 per cent to N141.7 billion from N126.1 billion.

In the period under review, interest expense soared to N92.8 billion from N68.8 billion due to higher interest on borrowed funds, term deposits and others.

A further analysis showed that operating costs ballooned by 9.10 per cent to N195.4 billion from N179.1 billion as a result of increases in staff expenses and other operating expenses like training, security, and AMCON fees.