# Banking sector financial performance reports

> Live situation record from CLSTR: https://clstr.news/situations/20261022-banking-sector-financial-performance-reports
> Updated: 2026-10-23T09:33:40.000Z. Sources: 13. Developments: 2.

Financial institutions have reported varying growth patterns in their recent earnings reports. Stanbic IBTC Holdings PLC recorded a 40.13% year-on-year increase in profit before tax for the first half of 2026, reaching ₦341.57 billion. While net interest income declined by 14.3%, this was offset by a 125.9% surge in non-interest revenue, largely driven by a rebound in trading revenue. Consequently, the Board recommended an interim dividend of ₦4.50 per share. By the nine months ended September 30, 2026, Stanbic IBTC reported a 35.05% year-on-year increase in group profit before tax, totaling ₦531.88 billion, with profit after tax rising 33% to ₦370.36 billion. The company also established a reference price of ₦159.86 per share for its 2026 interim scrip dividend programme, allowing shareholders to choose between cash or new shares. Bankinter reported a net profit of approximately €901 million for the first nine months of 2026, an 11% increase compared to the previous year. Growth was attributed to increased client activity and revenue diversification, with net commissions rising by 12.9%. Key metrics included a record net interest margin of 1,762 million euros and a gross margin of 2,397 million euros. Despite these results, the bank’s stock declined following the announcement, a reaction investment firm Jefferies described as “exaggerated,” maintaining a buy recommendation due to attractive entry points. Other major institutions in emerging markets also reported strong nine-month results ending September 30, 2026. In India, Bank of India saw a 25% increase in Q2 net profit to ₹3,202 crore, while Kotak Mahindra Bank reported a 29% rise in standalone profit after tax to ₹4,212 crore. SBI Card reported a 75% increase in Q2 profit after tax, reaching ₹778 crore. In Nigeria, First Holdco Plc reported a 65.11% increase in profit after tax to ₦744.45 billion.

## Claims

- Bankinter obtained a net profit of 901 million euros between January and September 2026. (single source)
- Net profit increased by 11% compared to the same period the previous year. (single source)
- Pre-tax profit reached 1,267 million euros, a 10.8% increase. (single source)
- The Return on Tangible Equity (ROTE) was 20.4%. (single source)
- The Return on Equity (ROE) reached 19.2%. (single source)
- Interest margin grew 5.7% to 1,762 million euros. (single source)
- Commission income increased by 12.9% to 651 million euros. (single source)
- Operating costs rose 2.3% to 833.9 million euros. (single source)

## Timeline

### 2026-10-23: Major Asian and African banks report strong nine-month financial results

Major banks in India, Nigeria, and Pakistan report strong nine-month financial results for 2026, with significant profit growth reported by Bank of India, Kotak Mahindra, Stanbic IBTC, and First Holdco.

11 sources. https://clstr.news/cluster/sbi-card-and-stanbic-ibtc-report-significant-profit-growth

### 2026-10-04: Stanbic IBTC reports 40% increase in H1 2026 pretax profit

Stanbic IBTC Holdings reported a 40% rise in H1 2026 pretax profit to ₦341.6 billion, driven by surging trading revenue and non-interest income despite a decline in net interest income.

2 sources. https://clstr.news/cluster/stanbic-ibtc-reports-40-increase-in-h1-2026-pretax-profit

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Cite as: Banking sector financial performance reports. CLSTR, https://clstr.news/situations/20261022-banking-sector-financial-performance-reports