Guaranty Trust Holding Company Plc has reported a Profit Before Tax, PBT of ₦302.9 billion for the first quarter of 2026, reflecting strong performance across its core banking operations.
The Group disclosed this in its unaudited consolidated and separate financial statements for the period ended March 31, 2026, released to the Nigerian Exchange Group and the London Stock Exchange.
According to the results, growth was driven by increases in interest income and fee income, which rose year-on-year by 17.5 per cent and 7.1 per cent respectively. The Group’s loan book also expanded modestly by 1.3 per cent to ₦3.17 trillion, while deposit liabilities grew by 6.3 per cent to ₦13.69 trillion.
GTCO’s total assets stood at ₦18.7 trillion, with shareholders’ funds at ₦3.6 trillion, underscoring what the Group described as a strong and well-diversified balance sheet.
Key financial indicators showed continued strength, with Capital Adequacy Ratio (CAR) at 39.5 per cent, while asset quality improved as Stage 3 loans declined to 4.4 per cent from 5.0 per cent recorded in December 2025. Cost of Risk also dropped significantly to 0.2 per cent from 2.2 per cent in the previous period.
Commenting on the performance, the Group Chief Executive Officer, Segun Agbaje, said the results reflect a shift in the quality and composition of the Group’s earnings.
“Our Q1 2026 results mark a defining shift in the quality and composition of our earnings, with strong underlying performance across our core banking operations and increasing contribution from our ecosystem businesses,” he said.
Agbaje added that the Group remains focused on sustainable growth by deepening customer relationships, scaling its ecosystem businesses, and leveraging technology to deliver efficient financial solutions.
He noted that the company sees significant opportunities across payments, wealth management, and banking operations in Nigeria and other African markets where it operates.
GTCO maintained strong profitability ratios, including a pre-tax return on equity of 34.4 per cent, return on assets of 6.6 per cent, and a cost-to-income ratio of 31.5 per cent.
The Group, which operates across Africa and the United Kingdom, said it remains committed to delivering long-term value to stakeholders through innovation, strong corporate governance, and customer-focused financial services.
