• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities Company Results

Stanbic IBTC Plc reports profit of N15 billion in Q1 2022, Interest Income up 47%

...the bank also grew its deposits from customers by 6.72% to N1.20 trillion.

Chidinma Anyalewechi by Chidinma Anyalewechi
April 25, 2022
in Company Results
Stanbic IBTC Chief Executive Officer

Demola Sogunle

Share on FacebookShare on TwitterShare on Linkedin

Stanbic IBTC Plc has released its Q1 2022 financial result, which revealed a profit of N15.07 billion in during the period. This reflects a 33.87% increase year on year.

The bank also reported earnings per share of N1.11, a 35.37% growth from the N0.82 reported a year earlier in 2021.

In Q1 2021, the bank’s profit got slashed by 45% compared to Q1 2020, still reeling from the impact of the pandemic and its adverse effect on businesses. However, in Q1 2022, we can see the bank’s profit starting to recover.

RelatedStories

Stanbic IBTC delays HY results, seeks CBN approval

Stanbic IBTC Plc reports N36.26 billion pre-tax profits for first quarter 2023

April 21, 2023
Bank stocks record losses in third quarter 2022

Bank stocks record losses in third quarter 2022

October 7, 2022

The statement revealed that in Q1 2022, Net interest income grew by 47.75% from N15.86 billion to N23.43 billion in the current period. The bank’s profit performance is on the back of economic recovery, which is reflected in all margin growth as income from interest, trading income and fees and commission income all appreciated year on year.

Key highlights of its results

  • The lender earned N33 billion from its lending business as Interest Income grew by 57.02% from N21.01 billion.
  • While net impairment loss of N586 million was recorded, income after impairments still appreciated by 41% to stand at N55.21 billion.
  • Stanbic IBTC, however, grew its income from fees and commission rising 4.30% to N23.13 billion year on year and also generating a total of N10.50 billion in trading income on securities representing an impressive 225.88% increase year on year.
  • Income from insurance premium grew by 221% to be recorded as N183 million. However, this was subdued by increases in Insurance benefits and claims paid, as well as, insurance premium revenue ceded to reinsurers.
  • The bank’s e-banking income raked in N1.27 billion, representing a 71% spike from N745 million in 2021. This suggests that the bank has really improved in its utilization of the e-banking channels in the delivery of financial services to its customers.
  • In addition, the bank also grew its deposits from customers by 6.72% to N1.20 trillion while its total assets are now N3.10 trillion, almost twice the bank’s total assets in 2018. Net assets rose 5.08% to N396 billion.

Stanbic IBTC Plc last traded at N33.25 per share and its market capitalization stands at N430.82 billion as of Friday, April 22, 2022. Year-to-date performance shows that the share price of the company has depreciated by 7.64%.

The bank recently declared a final dividend per share of N2.00 per share, to be paid on each of the 12,956,997,163 issued ordinary shares, for the period ended December 31, 2021.

The dividend representing N25.91 billion will be paid on May 27, 2022, to the shareholders whose names appear on the Register of shareholders as at April 13, 2022.

Based on its current share price, Stanbic IBTC Plc’s dividend yield is about 6.02%.


Follow us for Breaking News and Market Intelligence.
Tags: Stanbic IBTC Plc
Chidinma Anyalewechi

Chidinma Anyalewechi

For further inquiries about this article, contact: Email: chidinma.anyalewechi@nairametrics.com LinkedIn: linkedin.com/in/chidinma-anyalewechi-a323ab173/

Related Posts

Stanbic IBTC delays HY results, seeks CBN approval
Company Results

Stanbic IBTC Plc reports N36.26 billion pre-tax profits for first quarter 2023

April 21, 2023
Bank stocks record losses in third quarter 2022
Markets

Bank stocks record losses in third quarter 2022

October 7, 2022
Corporate Actions, NSE
Dividends

Corporate Actions: These companies have announced dividend payments in May 2022

May 23, 2022
why refuse everybody from Border trade and allow only Dangote? - Atedo Peterside
Business

Border Closure: Open border for all not only Dangote Cement – Atedo Peterside

November 10, 2020
Demola Shogunle CEO of Stanbic IBTC Bank
Business News

Stanbic IBTC Plc: Decrease in interest income depletes revenues

October 31, 2020
Sulaimon Adedokun resumes as TRANEX Board Chairman  Dangote Cement, Zenith Bank, shares, stocks, ARM's Shares of fortune, Understanding securities lending, nigerian stock exchange, coronavirus, NSE, Bears return ASI down 0.13% as trading volumes plunge, What’s going to happen to Nigeria’s stock market in May?, What’s going to happen to Nigeria’s stock market in May?, Nigerian bourse gains N37. 26 billion, triggered by BUACEMENT, ZENITH
Business News

The Nigerian stock market trades bullish on Wednesday

September 18, 2019
Next Post
Concession: FG to boost productivity, requests for RFQ of Calabar and Kano Free Trade Zones

Concession: FG to boost productivity, requests for RFQ of Calabar and Kano Free Trade Zones

Comments 2

  1. Omo says:
    April 25, 2022 at 12:11 pm

    It really boggles the mind how Nigerian banks keep declaring fantastic profits in an economy where every other industry is dead or comatose.

    Reply
  2. Joseph Odion says:
    April 25, 2022 at 2:11 pm

    How will they not make Hung profit, when they are ATM machine debiting people without refunding it, and they’ll later tell you that you successfully withdraw the cash, may God save us from all this yahoo banks

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Sterling Bank to raise $400 million via debt and equity instruments to strengthen growth capacity and balance sheet 
  • South-West doctors threaten strike over unfavorable allowances, issue 21-day ultimatum to FG
  • 15 things you don’t need to start a business in Nigeria 

Follow us on social media:

Recent News

Sterling Bank concludes core application migration, leads the way for African Banking

Sterling Bank to raise $400 million via debt and equity instruments to strengthen growth capacity and balance sheet 

July 15, 2025
Doctors

South-West doctors threaten strike over unfavorable allowances, issue 21-day ultimatum to FG

July 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics