Ecobank Transnational Incorporated (ETI) reported a pre-tax profit of N1.01 trillion for the 9 months ended September 30, 2026, representing a marginal decline of 0.41% from N1.015 trillion within the corresponding interval of 2025.
The unaudited monetary statements filed with the Nigerian Exchange (NGX) on Tuesday, October 27, reveals that the group’s nine-month income declined by 0.61% to N2.69 trillion from N2.71 trillion.
Despite the weaker income efficiency in naira phrases, profit after tax elevated by 0.71% to N707.40 billion, whereas fundamental earnings per share rose by 2.21% to roughly N20.30 from N19.86.
In its US greenback reporting foreign money, nonetheless, the group recorded income development of 12% to $1.96 billion, whereas pre-tax profit elevated by 12% to $736.94 million.
Key Highlights
- Gross earnings: N3.50 trillion (Down 1.46% YoY from N3.55 trillion).
- Revenue: N2.69 trillion (Down 0.61% YoY from N2.71 trillion).
- Net curiosity earnings: N1.55 trillion (Down 0.60% YoY from N1.56 trillion).
- Non-interest income: N1.14 trillion (Down 0.62% YoY from N1.15 trillion).
- Operating profit earlier than impairment: N1.40 trillion (Down 0.23% YoY from N1.41 trillion).
- Pre-tax profit: N1.01 trillion (Down 0.41% YoY from N1.015 trillion).
- Profit after tax: N707.40 billion (Up 0.71% YoY from N702.40 billion).995006
- Earnings per share: N20.30 (Up 2.21% YoY from N19.86).
- Total belongings: N47.92 trillion (Down 3.50% from N49.66 trillion).
- Customer deposits: N36.70 trillion (Up 0.72% from N36.44 trillion).
- Loans and advances to clients: N15.95 trillion (Down 5.94% from N16.96 trillion).
- Cash and balances with central banks: N9.39 trillion (Up 10.98% from N8.46 trillion).
- Total fairness: N3.90 trillion (Down 5.33% from N4.12 trillion).
Driving the numbers
Ecobank’s nine-month profit after tax elevated by 0.71% to N707.40 billion from N702.40 billion, regardless of a marginal decline in income to N2.69 trillion from N2.71 trillion.
The enchancment was partly supported by decrease funding and working prices.
Interest bills declined by 5.47% to N728.26 billion from N770.42 billion, largely pushed by decrease curiosity funds on deposits from banks, which fell to N51.46 billion from N81.94 billion, and different borrowed funds, which declined to N186.66 billion from N197.03 billion. However, curiosity paid on buyer deposits elevated marginally to N481.04 billion from N479.35 billion.
On the earnings facet, curiosity earnings declined by 2.21% to N2.28 trillion from N2.33 trillion, primarily reflecting decrease earnings from loans and advances to clients, which fell to N1.13 trillion from N1.16 trillion, and funding securities, which declined to N512.38 billion from N543.44 billion.
- This was partly offset by increased earnings from treasury payments and different eligible payments, which elevated to N469.62 billion from N456.32 billion.
Consequently, web curiosity earnings declined marginally to N1.55 trillion from N1.56 trillion, as decrease funding prices helped cushion the discount in curiosity earnings.
Net curiosity earnings after impairment prices declined marginally to N1.16 trillion from N1.17 trillion within the corresponding interval of 2025.
- This was largely as a consequence of weaker curiosity earnings, as web curiosity earnings fell to N1.55 trillion from N1.56 trillion, regardless of decrease funding prices.
Meanwhile, impairment prices, which cowl potential losses from unpaid loans and different monetary belongings, remained comparatively secure at N393.87 billion, in contrast with N393.68 billion in 2025.
Although prices on loans declined, increased provisions for different monetary belongings saved the entire impairment price largely unchanged, limiting the development in earnings.
- Impairment prices, which cowl potential losses from unpaid loans and different monetary belongings, remained comparatively secure at N393.87 billion, in contrast with N393.68 billion in 2025.
- While prices on loans declined, increased provisions for different monetary belongings saved the entire largely unchanged.
After impairment prices, working profit stood at N1.01 trillion, down marginally from N1.014 trillion within the earlier yr.
Non-interest earnings
Non-interest income declined marginally by 0.62% to N1.14 trillion from N1.15 trillion within the corresponding interval of 2025, contributing 42.4% of whole working earnings.
The decline was partly pushed by decrease payment and fee earnings, which fell by 2.41% to N739.90 billion from N758.16 billion.
- Cash administration charges declined to N353.78 billion from N362.40 billion, whereas credit-related charges fell to N198.55 billion from N203.28 billion.
- Similarly, card administration charges declined to N115.93 billion from N125.11 billion.
- Trading earnings and overseas change beneficial properties additionally declined by 4.59% to N427.79 billion from N448.39 billion, including to the strain on non-interest income.
Cost
On the fee facet, working bills elevated by 12% in US greenback phrases to $938.08 million, broadly according to income development.
- Consequently, the group’s cost-to-income ratio improved marginally to 47.8%, in contrast with 48.0% within the corresponding interval of 2025.
- Asset high quality additionally improved, with Stage 3 loans declining to 7.5% of gross loans from 9.4% on the finish of December 2025.
Balance sheet
On the stability sheet, whole belongings declined by 3.50% in naira phrases to N47.92 trillion from N49.66 trillion in December 2025.
- The decline mirrored decrease reported balances in funding securities and buyer loans, partly offset by will increase in money and balances with central banks and loans to banks.
- Investment securities declined to N11.01 trillion from N12.72 trillion, whereas loans and advances to clients fell to N15.95 trillion from N16.96 trillion.
- Conversely, money and balances with central banks elevated to N9.39 trillion from N8.46 trillion, whereas loans and advances to banks elevated to N4.80 trillion from N4.16 trillion.
Customer deposits elevated marginally by 0.72% to N36.70 trillion from N36.44 trillion in December 2025, accounting for 76.59% of whole belongings.
- Current accounts remained the most important element of deposits, representing 71% of the entire, adopted by financial savings deposits at 17% and time period deposits at 12%.
Market response
Ecobank Transnational Incorporated shares gained 2.99% to N69.00 on Wednesday, October 28, 2026, from N67.00 within the earlier buying and selling session, following the discharge of the group’s nine-month monetary outcomes on October 27.
The inventory started 2026 at N41.90 per share and has gained roughly 64.68% yr thus far.
