Guaranty Trust Holding Company Plc (GTCO) posted a profit before tax of N302.9 billion for the period ended March 31, 2026.
The group disclosed this on Thursday in Lagos, in its unaudited consolidated and separate financial statements for the first quarter.
Interest income and fee income rose by 17.5% and 7.1% year-on-year, reflecting sustained momentum in banking operations.
The loan book grew by 1.3% to N3.17 trillion, supported by a 6.3% rise in deposits to N13.69 trillion.
Total assets stood at N18.7 trillion, while shareholders’ funds closed at N3.6 trillion, underscoring a strong capital position.
The Capital Adequacy Ratio remained robust at 39.5% during the period.
Asset quality improved, with IFRS 9 Stage 3 loans declining to 4.4% from 5.0% in December 2025. The cost of risk also fell significantly to 0.2% from 2.2% in the previous period.
“The Group recorded growth across all asset lines and maintains a healthy, liquid, diversified balance sheet across its banking, payments, pension, and funds businesses,” the statement said.
Group Chief Executive Officer Segun Agbaje noted, “Our Q1 2026 results mark a defining shift in the quality and composition of earnings. We delivered solid growth across core income lines, supported by disciplined execution and a diversified, strong, and healthy balance sheet.
“Our focus remains on sustainable earnings through deeper customer relationships, scaling ecosystem businesses, and deploying technology for simpler, faster financial solutions.
“We see significant headroom across payments, wealth management, and banking in Nigeria and across West and East Africa. We are positioning the group to capture these opportunities while sustaining strong, long-term value creation.”
The group posted strong performance indicators, including a pre-tax ROAE of 34.4% and ROAA of 6.6%. It also recorded a cost-to-income ratio of 31.5%, reflecting continued operational efficiency.
