Stanbic Bank Kenya has reported its financial results for the first quarter of 2026, showcasing a resilient performance with a notable 5.5% increase in net profit compared to the same period in 2025.
Profits and revenue during the first quarter of 2026 had steady growth in its core lending business. The bank’s profit after tax increased to KES 3.516 billion, up from KES 3.333 billion in Q1 2025, while the profit before tax surged by 20.5% to reach KES 4.921 billion.
This performance was underpinned by an 11.7% growth in net interest income, which totaled KES 7.571 billion, a result of a 4.7% rise in total interest income paired with a 6.4% reduction in interest expenses. Conversely, non-interest income experienced a decline of 13.8%, falling from KES 2.758 billion to KES 2.379 billion year-on-year.
The bank also achieved a massive expansion of its balance sheet, with its financial position strengthening considerably as total assets crossed the half-trillion mark. Total assets jumped by 22.6% to reach KES 551.7 billion, compared to the KES 450.1 billion recorded in March 2025.
This growth was supported by a robust 21.7% increase in customer deposits, which totaled KES 411.0 billion, while net loans and advances grew by 5.8% to reach KES 258.2 billion. Additionally, total equity rose to KES 73.41 billion, up from KES 68.65 billion in the previous year.
Stanbic demonstrated tighter cost management and a significant reduction in credit risk provisions during the quarter. Operating expenses fell by 7.8% to KES 5.029 billion, and loan loss provisions dropped sharply by 59.1% to KES 350.2 million, down from KES 855.5 million in Q1 2025. While gross non-performing loans remained relatively stable with a slight 1.6% increase to KES 23.31 billion, the bank’s earnings per share improved to KES 20.61, reflecting the 5.5% growth in overall net earnings.
Stanbic Market Performance.
Investor confidence in Stanbic remains exceptionally high, as evidenced by substantial stock price appreciation. As of March 31, 2026, the bank’s shares traded at KES 257.00, representing a massive 58.9% year-on-year gain from March 31, 2025, price of KES 161.75.
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