Stanbic IBTC published its Q1 2020 unaudited financials for the period ended 31st March 2020 to the Nigerian stock exchange. The bank\u2019s gross earnings increased by 4.64% from N58.69 billion in Q1 2019 to N61.41 billion in Q1 2020 driven by sustained growth in non-interest income. Net interest income declined by 8.26% to N18.51 billion from N20.18 billion in the period of 2019. The drop in net interest income was as a result of an 11.83% decrease in interest income from N31.14 billion in Q1 2019 to N27.45 billion in the current period, resulting from a drop in interest received on loans granted to the bank and the interest on investment by 42.17% and 30.88% respectively. Although interest received on loans granted to customers rose by 7.8%, this couldn't lead to a rise in interest income. Also, interest expenses declined by 18.39% to N8.94 billion from N10.95 billion in Q1 2019, due to the decline across various deposit account and interest on borrowed funds as the bank paid off it debt payment. Consequently, the decline in interest expense was unable to move net interest income upwards due to the decrease in interest income. Non-interest revenue grew by 20.87% from N27.00 billion in Q1 2019 to N32.63 billion in Q1 2020 driven by the growth in fees and commission (6.65%) and trading revenue (47.14%). Although, other income dropped by 34.24% to N1.32 billion. The rise in income from fees and commission is attributable to its asset management fees and financials advisory fees which contributed 76.12% of net fees and commission. Also the increase in trading revenue was driven by income from fixed income securities which grew by 47.19%. Operating expenses declined by 1.18% to N24.77 billion from N25.07 billion in Q1 2019 on the back a 6.53% drop in other operating income. Meanwhile, the cost-to-income ratio stood at 50.37% moderating from 51.61% in Q1 2019. Profit before tax (PBT) stood at N24.71 billion indicating an advancement of 3.85% from N23.50 billion recorded in Q1 2019. Profit after tax in the Q1 2020 grew by 7.58% to N20.60 billion from N19.15 billion at the end of the corresponding period of 2019, supported by the reduction in the effective tax rate. Net loans and advances rose by 16.92% to N625.72 billion from N535.17 billion in FY 2019 driven by loans and advances granted by the personal and business banking (PBB) and corporate and investment banking (CIB) division by 7.05% and 19.58% respectively. Loan to deposit ratio stood 53.60% when compared with FY 2019 which settled at 60.38%. However, the bank is still unable to meet the requirement for the Loan to deposit ratio fixed by the CBN at 65%. Also, Total deposit increased by 31.61% from N886.74 billion in FY 2019 to N1.16 trillion at the end of Q1 2020 resulting to the rise in deposit from banks (78.77% to N444.96 billion), from current account(29.17% to N472.2 billion), call deposits(44.89% to N44.09 billion) and savings account (24.99% to N109.25 billion).