Standard Bank Group (SBK) Q1 2026 TU earnings summary

Executive summary

• Earnings attributable to ordinary shareholders reached R12.3 billion in 1Q26, a 12% increase year-over-year, driven by strong trading performance.

• Headline adjustable items were immaterial, and headline earnings growth matched attributable earnings growth.

Financial highlights

• Ordinary shareholders' equity stood at R261.7 billion as of 31 March 2026, down from R264.2 billion at the start of the year.

• Retained earnings decreased to R249.1 billion, reflecting R14.5 billion in ordinary dividends declared in March 2026.

• Foreign currency translation reserve improved by R3.3 billion during the quarter.

Outlook and guidance

• Full-year 2026 guidance remains unchanged despite ongoing macroeconomic uncertainties linked to Middle East conflicts.