Stanbic IBTC Holdings Plc has approved directors’ remuneration of N804.5 million for the year ending 31 December 2026, following resolutions passed at its 14th Annual General Meeting.
This decision was approved alongside other corporate matters, including dividend declarations, director re-elections, board appointments, and related shareholder decisions presented during the meeting.
The approvals followed a strong FY2025 showing by the group, which reported pretax profit of N551.7 billion, up significantly from N303.7 billion recorded in the previous year on stronger interest and non-interest income.
A close look shows that the remuneration is higher than the N681 million fixed for the financial year ending 31 December 2025 at the company’s 13th Annual General Meeting.
It is also above the N653 million approved for FY2024 and the N544.5 million set for the financial year ending 31 December 2023, reflecting a steady upward adjustment over the period.
- This follows a strong FY2025 performance, where post-tax profit grew by 69% year-on-year to N380.7 billion from N225.3 billion in FY2024, which itself rose from N140.6 billion in FY2023.
Apart from the remuneration, shareholders at the meeting also approved a final dividend of N4 per share for FY2025, higher than the N3 per share final dividend declared for FY2024.
- This payout is likely supported by a strengthening reserves position, which maintained a consistent growth trajectory from N390.3 billion in FY2023 to N552.6 billion in FY2024 and N858.4 billion in FY2025.
On the Nigerian Exchange, the company’s shares returned 73.61% in 2025 to close at N100, becoming the second Nigerian banking stock after GTCO to cross the N100 level.
So far in 2026, the stock has gained more than 74% as of market open on 29 May 2026, trading at N174.5 per unit.
