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Banking sector financial performance reports

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2026-10-24 07:58 UTC → 2026-10-24 19:14 UTC · added ~~removed~~

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.

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