Shareholders of Stanbic IBTC Holdings Plc have approved directors’ remuneration of N804.5 million for the financial year ending 31 December 2026.
The approval was granted during the company’s 14th Annual General Meeting alongside other corporate resolutions, including dividend declarations, director re-elections, board appointments, and audit committee confirmations.
The approved remuneration represents an increase from the N681 million approved for the 2025 financial year at the company’s previous AGM.
It also exceeds the N653 million approved for FY2024 and the N544.5 million fixed for the financial year ending 31 December 2023, continuing a steady upward trend in directors’ compensation over recent years.
The approvals followed a strong financial performance by the group in FY2025.
Stanbic IBTC reported a pretax profit of N551.7 billion for the 2025 financial year, a sharp increase from N303.7 billion recorded in FY2024, driven by stronger interest and non-interest income growth.
Post-tax profit also rose by 69 per cent year-on-year to N380.7 billion, compared with N225.3 billion in FY2024.
The FY2024 result itself had improved significantly from N140.6 billion recorded in FY2023, reflecting sustained earnings growth across the group’s operations.
Shareholders also approved a final dividend payout of N4 per share for FY2025, higher than the N3 per share final dividend declared for the previous year.
The dividend increase comes amid a stronger reserves position, which rose consistently from N390.3 billion in FY2023 to N552.6 billion in FY2024 before reaching N858.4 billion in FY2025.
On the Nigerian Exchange, Stanbic IBTC shares delivered a 73.61 per cent return in 2025, closing at N100 per share and becoming the second Nigerian banking stock after GTCO to cross the N100 mark.
The stock has continued its strong performance in 2026, gaining more than 74 per cent as of market open on May 29, 2026, to trade at N174.5 per share.
During the AGM, shareholders also re-elected Sola David-Borha, Ballama Manu, and Kunle Adedeji as directors of the company.
The meeting further approved the appointment of Chukwuma Nwokocha to the board.
Shareholders also re-elected Samuel Ayininuola, Olatunji Bamidele, and Ibhade George as representatives on the Audit Committee.
In addition, Ernst & Young Nigeria was reappointed as the company’s external auditor until the conclusion of the next Annual General Meeting, while directors were authorised to determine the firm’s remuneration for the coming year.
Stanbic IBTC also recorded significant balance sheet growth during FY2025.
Customer deposits increased to N4.3 trillion from N3 trillion in FY2024, reflecting stronger customer confidence and deposit mobilisation.
Loans and advances to customers rose slightly to N2.37 trillion from N2.34 trillion in the previous year, accounting for a substantial portion of the group’s total assets.
Total assets climbed to N8.6 trillion in FY2025, compared with N6.9 trillion recorded in FY2024, underscoring the group’s expanding financial position.
