Stanbic IBTC Holdings Plc has secured shareholder approval for N804.5 million in directors’ remuneration for the 2026 financial year following resolutions passed at its 14th Annual General Meeting.
The approved remuneration covers the financial year ending December 31, 2026, and represents an increase from the N681 million approved for the 2025 financial year. The development comes amid strong earnings growth recorded by the banking group in its latest audited results.
The company also received shareholder approval for several key corporate resolutions, including the payment of a final dividend of N4 per share for the 2025 financial year, the re-election of directors, appointments to the board, and the confirmation of external auditors.
Brandspur Banking News Desk reports that the financial institution posted a pretax profit of N551.7 billion for the 2025 financial year, compared with N303.7 billion recorded in the previous year, driven by growth in both interest and non-interest income streams.
Post-tax profit also rose significantly to N380.7 billion, representing a 69 percent year-on-year increase from N225.3 billion declared in 2024. The bank had previously reported a profit after tax of N140.6 billion in 2023, highlighting sustained earnings expansion over the last three years.
Directors’ remuneration has continued to rise steadily over the period, moving from N544.5 million approved for the 2023 financial year to N653 million in 2024, before increasing to N681 million for 2025 and now N804.5 million for 2026.
The lender’s reserves position also strengthened considerably, climbing from N390.3 billion in 2023 to N552.6 billion in 2024 before reaching N858.4 billion in 2025.
On the Nigerian Exchange, Stanbic IBTC shares maintained strong momentum, delivering a 73.61 percent return in 2025 to close at N100 per share, becoming one of the few Nigerian banking stocks to cross the N100 mark.
The stock has continued its upward trajectory in 2026, gaining more than 74 percent as of May 29, 2026, to trade at N174.5 per share during market activity.
The group also reported significant balance sheet expansion in its full-year results. Customer deposits increased to N4.3 trillion from N3 trillion recorded in the previous year, while loans and advances to customers rose slightly to N2.37 trillion from N2.34 trillion.
Total assets climbed to N8.6 trillion, up from N6.9 trillion in the prior financial year, reflecting continued growth across the group’s banking operations.
At the Annual General Meeting, shareholders re-elected Mrs. Sola David-Borha, Mr. Ballama Manu MFR, and Dr. Kunle Adedeji as directors. Shareholders also approved the appointment of Mr. Chukwuma Nwokocha to the board.
Members also re-elected Mr. Samuel Ayininuola, Mr. Olatunji Bamidele, and Mr. Ibhade George as representatives on the Audit Committee.
In addition, shareholders approved the appointment of Ernst & Young Nigeria as external auditors until the conclusion of the next Annual General Meeting, with the board authorised to determine the firm’s remuneration for the coming year.
