Co-op Bank 3Q25 Group EPS Jumps By 12.3%y/y; Surprise Interim Dividend

Co-op Bank released 3Q25 results, posting a 12.3%y/y increase in EPS to KES 3.68, with attributable income coming in at KES 21.6bn (PBT was up 12.1%y/y to KES 30.0bn). The Group’s performance is attributable to a 22.8%y/y jump in net interest income (NII) to KES 45.3bn and a 0.8%y/y contraction in non-interest revenue (NIR) to KES 22.1bn on lower FX trading income.

Notably, growing loan loss provisions (+31.9%y/y) suppressed the bottom line, with the Group’s gross NPLs rising by 12.7%y/y to KES 78.9bn. Its main subsidiary, Co-operative Bank Kenya Limited,  recorded a 10.1% y/y rise in PAT to KES 19.3bn, supported by a 23.3%y/y surge in net interest income. The Group’s Board of Directors has recommended an interim dividend (the Group’s first ever interim dividend) of KES 1.00, whose book closure is slated for 26th November 2025.

The market closed the session on a mixed note with the NASI gaining 0.1%. The N10, NSE 20, and NSE 25 eased by 0.1%, 0.3%, and 0.2%, respectively.

Equity turnover advanced to USD 6.6m (+40.5%). Local investors dominated market activity, accounting for 75.9% of the turnover levels, down from 89.2% yesterday.

Safaricom dominated trading activity, accounting for 35.8% of the day’s turnover. The counter’s price function gained 0.9% to KES 29.00.

Of the top traded banking stocks, KCB Group and Equity dropped by 1.1% and 0.8% to KES 65.00 and KES 64.50, respectively. Co-op Bank, on the other hand, rallied by 9.5% to KES 24.90, on the back of its 3Q25 earnings that were chaperoned by a maiden interim dividend of KES 1.00.

EABL eased by 2.1% to KES 235.00 while BAT remained unchanged at KES 450.00. Uchumi was the day’s top gainer, rallying by 10.0% to KES 0.44. ABSA shed 6.4% to KES 24.20, closing as the leading laggard.

Foreign investors were profit-taking, with net outflows of USD 850.7K. KCB Group led the buying charge while Safaricom led the selling charge, for the third consecutive session.

Read Also: Kamilisha: Co-op Bank’s Bold Strike to Redefine Short-Term Credit in Kenya