Chief Executive Bill Winters said he now expects income this year to grow around 10%, the top of a previously guided range.
The earnings update showed how rising central bank rates have boosted revenue, as StanChart charged borrowers more interest while not passing all of the increase to depositors.
StanChart, which earns most of its revenue in Asia, said January-March statutory pretax profit reached $1.81 billion. That compared with $1.49 billion a year earlier and the $1.43 billion average of 14 analyst estimates compiled by the bank. The bank said income in its corporate cash management business tripled due to "strong pricing discipline and passthrough rate management".The robust earnings echoed resilience at U.S. banks which reported results earlier this month, as the sector weathered a global confidence crisis following the collapse of Silicon Valley Bank and Credit Suisse Group AG.
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