Ecobank Transnational Incorporated

NGSE:ETI Stock Report

Market Cap: ₦2.3t

Ecobank Transnational Dividends and Buybacks

Dividend criteria checks 2/6

Ecobank Transnational is a dividend paying company with a current yield of 2.23% that is well covered by earnings. Next payment date is on 30th June, 2026 with an ex-dividend date of 15th June, 2026.

Key information

2.2%

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yield0%
Dividend Growth-4.6%
Next dividend pay date30 Jun 26
Ex dividend date15 Jun 26
Dividend per sharen/a
Payout ratio9%

Recent dividend and buyback updates

No updates

Recent updates

Narrative Update May 21

Ecobank Transnational Incorporated (ETI) – Landmark Sustainable Agriculture & Natural Capital Bond Issuance

Author: Qudus Adebara Ecobank Transnational Incorporated has successfully priced a landmark USD 450 million Sustainable Agriculture & Natural Capital Bond, reinforcing its leadership position in sustainable finance and strengthening its capital base while advancing environmental financing initiatives across Africa. The Tier 2 capital issuance, which has a 10.25-year tenor callable after 5.25 years, is expected to be listed on the main market of the London Stock Exchange, with settlement scheduled for May 19, 2026.
Narrative Update May 06

Ecobank Group Reports Resilient Q1 2026 Earnings Growth Amid Elevated Impairments and Strong Operating Income Expansion

Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Ecobank Transnational Incorporated delivered a solid financial performance for the three months ended March 31, 2026, supported by strong growth in interest income and operating revenue. Gross earnings rose 12% YoY, driven by higher yields on loans and investment securities, while net interest income surged 20%.
Narrative Update Apr 28

Ecobank Transnational Incorporated Reports Strong FY 2025 Earnings Growth Driven by Net Interest Income and Balance Sheet Expansion

Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) Executive Summary Ecobank Transnational Incorporated (ETI) delivered a strong consolidated unaudited performance for the year ended 31 December 2025, supported by robust growth in net interest income, improved non-interest revenue, and continued balance sheet expansion across its pan-African footprint. Gross interest income rose by 15% YoY to ₦3.18 trillion, driven primarily by growth in interest income from investment securities, treasury bills, and interbank placements.
Narrative Update Feb 08

last report

ECOBANK TRANSNATIONAL INCORPORATED (ETI) – Sustained Growth Momentum as Q3 2025 Profit Soars 47% YoY on Strong Core Banking Analyst: Qudus Adebara Executive Summary Ecobank Transnational Incorporated (ETI) delivered a stellar performance for the nine months ended 30 September 2025 , showcasing strong earnings growth, improved operational efficiency, and a fortified balance sheet. The Pan-African banking group recorded a profit before tax (PBT) of US$656.6 million , up 33% year-on-year , while profit after tax (PAT) rose 34% to US$460.6 million , underscoring management’s ability to navigate a challenging macroeconomic environment marked by currency volatility, rising interest rates, and inflationary pressures across several African markets.
Narrative Update Dec 31

Ecobank Group – Strategic Partnership with Bank of China Strengthens China–Africa Trade and Payments Corridor

Author: Qudus Adebara (Founder of Wane Investment House) Executive Summary Ecobank Group has signed a Memorandum of Understanding (MoU) with Bank of China (Mauritius) Limited on December 22, 2025, reinforcing a long-standing partnership that dates back over 15 years. The agreement is designed to deepen cooperation in trade finance, cross-border payments, and financial services that support the rapidly expanding economic relationship between China and Africa.
Narrative Update Nov 02

Ecobank Delivers Strong Q2/H1 2025 result

Ecobank Transnational Incorporated (ETI) – Strong Q3 2025 Momentum Sustained as Profit Soars 47% YoY Executive Summary Ecobank Transnational Incorporated (ETI) reported a robust performance in Q3 2025, sustaining its growth trajectory with a significant year-on-year improvement in earnings across key profitability metrics. The Group delivered a 47% year-on-year growth in pre-tax profit to N394.6 billion , reflecting strong revenue generation, disciplined cost management, and strategic balance sheet optimization.
Narrative Update Aug 07

Ecobank Delivers Strong Q2/H1 2025 result

Ecobank Transnational Incorporated (ETI) – Strategic Portfolio Optimization to Enhance Returns and Focus Strategic Divestment: Exit from Mozambique to Sharpen Regional Focus Ecobank Transnational Incorporated (ETI) has announced the divestment of its entire stake in Ecobank Mozambique S.A. (EMZ) to FDH Bank Plc , a publicly listed financial institution on the Malawi Stock Exchange. The decision marks a strategic repositioning in line with ETI’s broader “Growth, Transformation, and Returns” (GTR) strategy.
Narrative Update Aug 05

Ecobank Delivers Strong Q2/H1 2025 result

Here’s the full professional equity research report for Ecobank (ETI) based on the provided data: Ecobank Transnational Incorporated (ETI) – Equity Research Report Ticker: ETI | Current Price: ₦37.45 | 52-Week High: ₦37.50 | Target Price: ₦46.00 | Recommendation: BUY Ecobank has delivered strong half-year performance with double-digit profit growth, improved cost efficiency, and enhanced asset quality. The bank’s profit after tax (PAT) surged 22.7% YoY to $278.8m , driven by robust non-interest income and disciplined cost management.

Upcoming Dividend Payment

TodayJun 08 2026Ex Dividend DateJun 15 2026Dividend Pay DateJun 30 202615 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: ETI's dividend payments have been volatile in the past 10 years.

Growing Dividend: ETI's dividend payments have fallen over the past 10 years.


Dividend Yield vs Market

Ecobank Transnational Dividend Yield vs Market
How does ETI dividend yield compare to the market?
SegmentDividend Yield
Company (ETI)2.2%
Market Bottom 25% (NG)1.1%
Market Top 25% (NG)3.2%
Industry Average (Banks)6.9%
Analyst forecast (ETI) (up to 3 years)0%

Notable Dividend: ETI's dividend (2.23%) is higher than the bottom 25% of dividend payers in the NG market (1.09%).

High Dividend: ETI's dividend (2.23%) is low compared to the top 25% of dividend payers in the NG market (3.18%).


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (9.3%), ETI's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/08 10:55
End of Day Share Price 2026/06/05 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ecobank Transnational Incorporated is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Adewale OkunrinboyeARM Research
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Brent MalahayJ.P. Morgan