Ecobank Transnational Incorporated (ETI) has reported a pre-tax profit of N1.01 trillion for the nine months ended September 30, 2026, according to unaudited financial statements filed with the Nigerian Exchange on Tuesday, October 27. The figure represents a marginal 0.41% decline from N1.015 trillion recorded in the corresponding period of 2025.
Revenue slipped 0.61% to N2.69 trillion from N2.71 trillion, while profit after tax increased 0.71% to N707.40 billion from N702.40 billion. Basic earnings per share improved 2.21% to about N20.30 from N19.86. In its US dollar reporting currency, the group posted revenue growth of 12% to $1.96 billion and a 12% rise in pre-tax profit to $736.94 million.
The improvement in bottom-line performance was partly driven by lower funding costs. Interest expenses declined 5.47% to N728.26 billion from N770.42 billion, reflecting reduced interest payments on deposits from banks, which fell to N51.46 billion from N81.94 billion, and lower costs on other borrowed funds. Interest paid on customer deposits, however, edged up to N481.04 billion from N479.35 billion.
Interest income declined 2.21% to N2.28 trillion from N2.33 trillion, as earnings from customer loans dropped to N1.13 trillion from N1.16 trillion and investment securities income fell to N512.38 billion from N543.44 billion. Higher income from treasury bills, which rose to N469.62 billion from N456.32 billion, partly offset the decline. Net interest income settled at N1.55 trillion, down from N1.56 trillion.
Impairment charges remained broadly flat at N393.87 billion compared with N393.68 billion in 2025, leaving operating profit after impairments at N1.01 trillion, marginally lower than N1.014 trillion a year earlier.
Non-interest revenue fell 0.62% to N1.14 trillion from N1.15 trillion, contributing 42.4% of total operating income. Fee and commission income declined 2.41% to N739.90 billion, while trading income and foreign exchange gains dropped 4.59% to N427.79 billion.
Total assets stood at N47.92 trillion, down 3.50% from N49.66 trillion in December 2025. Customer deposits rose 0.72% to N36.70 trillion, while loans and advances to customers fell 5.94% to N15.95 trillion. Cash and balances with central banks increased 10.98% to N9.39 trillion.
