Ecobank pre-tax profit edges down to ₦1.01 trillion

LAGOS, Nigeria — Ecobank Transnational Incorporated reported a pre-tax profit of ₦1.01 trillion for the nine months ended September 30, 2026, a marginal decline of 0.41% from ₦1.015 trillion in the same period of 2025.

The unaudited financial statements were filed with the Nigerian Exchange on Tuesday, October 27, 2026. Nine-month revenue fell 0.61% to ₦2.69 trillion from ₦2.71 trillion, and gross earnings declined 1.46% to ₦3.50 trillion from ₦3.55 trillion.

Profit after tax rose 0.71% to ₦707.40 billion from ₦702.40 billion, and basic earnings per share increased 2.21% to about ₦20.30 from ₦19.86.

In US dollar terms, the group’s reporting currency, revenue grew 12% to $1.96 billion and pre-tax profit rose 12% to $736.94 million.

Net interest income declined 0.60% to ₦1.55 trillion. Interest income fell 2.21% to ₦2.28 trillion, mainly because of lower earnings from loans to customers and investment securities. Higher income from Treasury Bills, which rose to ₦469.62 billion from ₦456.32 billion, partly offset that decline. Interest expense fell 5.47% to ₦728.26 billion, driven by lower interest on deposits from banks and on other borrowed funds. Interest paid on customer deposits edged up.

Non-interest revenue declined 0.62% to ₦1.14 trillion. Fee and commission income fell 2.41% to ₦739.90 billion, with cash management, credit-related and card management fees all lower. Trading income and foreign exchange gains dropped 4.59% to ₦427.79 billion.

Impairment charges were broadly flat at ₦393.87 billion, against ₦393.68 billion a year earlier. Charges on loans fell, but higher provisions for other financial assets kept the total unchanged.

Total assets declined 3.50% to ₦47.92 trillion from ₦49.66 trillion at the end of 2025. Customer deposits rose 0.72% to ₦36.70 trillion, while loans and advances to customers fell 5.94% to ₦15.95 trillion. Cash and balances with central banks rose 10.98% to ₦9.39 trillion. Total equity fell 5.33% to ₦3.90 trillion.

Asset quality improved. Stage 3 loans fell to 7.5% of gross loans from 9.4% at the end of December 2025, and the cost-to-income ratio improved slightly to 47.8% from 48.0%.

The shares closed at ₦69.00 on Wednesday, October 28, up 2.99% from ₦67.00 the previous session. The stock started 2026 at ₦41.90 and has gained about 64.68% since.