Two of T&T’s largest com­mer­cial banks yes­ter­day re­port­ed im­proved fi­nan­cial re­sult for the nine-month pe­ri­od end­ed June 30, 2025.

Chair­man of Re­pub­lic Fi­nan­cial Hold­ings Ltd (RFHL), Vin­cent A Pereira, an­nounced that the Group record­ed prof­its af­ter tax and non-con­trol­ling in­ter­ests of $1.5 bil­lion for the pe­ri­od end­ing June 30, 2025, an in­crease of 1.7 per cent com­pared to the same pe­ri­od in the pri­or year.

Chair­man of the First Cit­i­zens Group, An­tho­ny Smart, said the ma­jor­i­ty State-owned bank it has con­clud­ed an­oth­er prof­itable quar­ter for the pe­ri­od end­ed June 30,2025.

The First Cit­i­zens Group re­port­ed af­ter tax prof­it $719.6 mil­lion for the pe­ri­od from Oc­to­ber 1 to June 30, an in­crease of 5.1 per cent, com­pared to the pri­or pe­ri­od.

In an­nounc­ing the re­sults, the RFHL chair­man said, “In an ever chang­ing and chal­leng­ing glob­al op­er­at­ing en­vi­ron­ment, this steady and re­li­able per­for­mance is tes­ta­ment to the group’s re­silience, strong di­ver­si­fied busi­ness mod­el and pru­dent risk man­age­ment prac­tices.

“The un­der­ly­ing per­for­mance of our core bank­ing op­er­a­tions re­mained sound, with con­tin­ued growth in net in­ter­est in­come and im­proved cus­tomer en­gage­ment across key mar­kets. These out­comes are a tes­ta­ment to the strength of our fran­chise, the depth of our cus­tomer re­la­tion­ships, and the com­mit­ment of our teams across all sub­sidiaries.”

First Cit­i­zens Group al­so re­port­ed that there was a growth of 1.8 per cent to $47.9 bil­lion in the group’s to­tal as­sets when com­pared to Sep­tem­ber 30, 2024.

This growth, Smart ex­plained, was main­ly dri­ven by 11.4 growth in loans to cus­tomer and 3.3 per cent growth in its in­vest­ment se­cu­ri­ties.

Based on this per­for­mance, the board has de­clared a third in­ter­im div­i­dend of $0.53 per or­di­nary share, which brings the to­tal in­ter­im div­i­dend for the nine-month pe­ri­od to $1.59 per or­di­nary share. This rep­re­sents a 6.8 per cent in­crease when com­pared to the div­i­dend paid for the same pe­ri­od last year of $1.49. The div­i­dend would be paid on Sep­tem­ber 5, 2025 to share­hold­ers on record as at Au­gust 15, 2025.

Pereira said based on these re­sults, the RFHL board has de­clared the third quar­ter­ly in­ter­im div­i­dend for the year of $1.00 per share, payable on Au­gust 29, 2025, to share­hold­ers on record as at Au­gust 15, 2025.

Pereira fur­ther added, “While eco­nom­ic con­di­tions re­main flu­id, we are con­fi­dent in our abil­i­ty to adapt and de­liv­er long-term val­ue. The Group will main­tain its fo­cus on op­er­a­tional ef­fi­cien­cy, em­ploy­ee en­gage­ment, risk dis­ci­pline, and de­liv­er­ing su­pe­ri­or cus­tomer ex­pe­ri­ences as we con­tin­ue to build a more ag­ile and fu­ture-ready or­gan­i­sa­tion.

Com­ment­ing fur­ther on the First Cit­i­zens Group’s per­for­mance, Smart said, “Our aim to pro­vide val­ue-added so­lu­tions to our cus­tomers is un­der­pinned by a foun­da­tion of strong cor­po­rate prin­ci­ples, ethics and sound gov­er­nance.

“This strat­e­gy is cen­tral to our dri­ve to de­liv­er sus­tain­able val­ue to all of our stake­hold­ers. Our per­for­mance was re­cent­ly ac­knowl­edged by two well recog­nised In­ter­na­tion­al pub­li­ca­tions: Eu­romoney in the award of Best Bank Trinidad and To­ba­go (2025 Award for Ex­cel­lence) as well as, The Banker as Best Per­form­ing Bank in Trinidad and To­ba­go (Top 30 Caribbean Banks 2025).”