I&M Group has reported a strong financial performance for the third quarter of 2025, posting a 27.5% rise in profit after tax to Sh 12.68 billion, supported by solid double-digit growth across major income lines and a continued expansion of its balance sheet.
According to the results released on Wednesday, November 19, 2025, net interest income grew 21.1% to Sh31.819 billion, up from Sh26.280 billion in the same period last year.
Non-interest income also recorded double-digit momentum, rising 17.9% to Sh11.185 billion compared to Sh9.485 billion previously.
The combined effect pushed I&M Group’s operating income to Sh43.005 billion, a growth of 20.3% from Sh35.764 billion posted a year earlier.
However, costs also rose during the period. The bank said its total operating expenses increased 15.6% to Sh25.845 billion, while loan loss provisions climbed 21.8% to Sh6.700 billion, up from Sh 5.500billion.
Despite the higher provisioning, the bank still recorded a strong improvement in profitability.
Profit before tax rose 25.8% to Sh17.754 billion, compared to Sh14.115 billion last year, while profit after tax inclusive of non-controlling interests, reached Sh12.675 billion, a jump of 27.5% from Sh9.946 billion in Q3 2024.
The banking group also announced an improved payout to shareholders.
According to the results update, “The board declares a Sh1.50 interim dividend, up 15.4%.” This signals stronger returns on the back of growing earnings and capital buffers.
The balance sheet expanded significantly during the period. Total assets increased 12.8% to Sh640.417 billion, up from Sh567.719 billion last year.
Shareholder equity also surged, rising 29.9% to Sh113.786 billion, signalling stronger capitalisation and improved retained earnings.
Customer deposits grew 10.2%, moving from Sh413.806 billion to Sh455.849 billion, reflecting increased customer confidence and liquidity strength.
Loans and advances rose 7.3% to Sh281.342 billion, up from Sh261.985 billion last year, while net loans stood at Sh301.905 billion.
The results also reflected movements in the bank’s risk profile. Gross non-performing loans were reported at Sh35.662 billion, representing a 7.0% decline, while the NPL ratio was listed at 3.12, marking a 2.6% year-on-year change.
On investor-focused metrics, I&M recorded improved earnings per share, rising 15.4% from 1.3 to 1.5, aligning with the profit surge and supporting the increased interim dividend.
I&M Group said the performance was the result of sustained income growth, disciplined balance sheet management, and continued investment in cost control, despite the uptick in expenses and provisioning requirements.
The company noted that both funded and non-funded income streams delivered strong support to the quarter’s outcome.
The results summary released alongside the earnings announcement classified the performance under the headline,
“I&M Group’s Q3 2025 profit after tax was up 27.5% to 12.68billion on double-digit growth in both net interest and non-funded income.”
The bank also highlighted its expanding capital base, stating that shareholder equity rose 29.9% to Sh113.79 billion, with deposits also rising 10.2% to Sh455.85 billion.
As the group moves into the final quarter of the financial year, its strengthened earnings, improved capital base, and enhanced shareholder returns reaffirm a period of growth and operational resilience.
