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FCMB Group reports N157.3 billion H1 2026 pre-tax profit, up 99%

AI Market Summary
FCMB Group reported strong unaudited H1 2026 results, with profit before tax up 99% YoY and broad-based gains across banking, consumer finance, investment banking, and asset management. Improved low-cost deposits, expanding net interest margins, and higher digital revenue supported earnings quality, while capital adequacy rose to 23.5% after recapitalisation. Market impact is likely localised to NGX-listed Nigerian financials rather than global risk assets.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-1.26%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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FCMB Group has released its unaudited results for the first half of 2026, reporting profit before tax of N157.3 billion, up 99% year on year. Annualised earnings per share rose to N4.23, while the capital adequacy ratio stood at 23.5%. Non-banking businesses contributed 26% of total profit before tax. The group said the performance reflects improved earnings quality after recapitalisation and the impact of its diversification strategy.
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