STB stock faces weaker first half while tenders open

STB stock faces a 59.4 percent first-half profit drop to TND 9.062 million in 2026. Deposits rose 4 percent as tenders dated October 5 and October 6 added activity.

STB (ISIN TN0002600955) reported first-half 2026 net income of TND 9.062 million, down 59.4 percent from TND 22.318 million in the same period of 2025, according to AllAfrica on September 15, 2026. The Tunisian public bank also listed procurement notices dated October 5 and October 6, 2026, on its website, covering technology and branch-related projects.

Profit falls as income weakens

The first-half figures show a sharp decline in profitability. Banking operating income fell 9 percent to TND 664 million from TND 728 million a year earlier, while operating expenses reached TND 350 million, according to AllAfrica.

Net banking income decreased 10.47 percent to TND 314 million from TND 350.393 million in the first half of 2025, Financial Afrik reported on September 11, 2026. The comparison makes the earnings pressure clear: the decline in net banking income was accompanied by a much steeper fall in net profit.

Deposits provide a counterweight

Customer deposits increased 4 percent to TND 12.973 billion at June 30, 2026, from TND 11.757 billion one year earlier, while customer loans declined 4.11 percent to TND 8.720 billion, AllAfrica reported. The balance sheet expanded 3.5 percent to TND 15.900 billion, indicating that deposit growth did not yet translate into stronger lending or earnings.

Managers said on September 17, 2026, that the first-half data compiled by Prime Partners showed STB's net banking income down 10.5 percent and net profit down 59.4 percent. For investors, the key tension is the gap between a larger deposit base and weaker reported profitability.

October notices add operating activity

STB's website listed a storage-solution procurement result dated October 5, 2026, and a branch redevelopment tender dated October 6, 2026. The notices add concrete operating activity to the bank's October calendar, while the latest reported financial period remains the six months ended June 30, 2026.

STB stock facts

• Company: Societe Tunisienne de Banque
• ISIN: TN0002600955
• Ticker: STB
• Trading venue: Bourse de Tunis
• Sector / Industry: Financials / Banking

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