FCMB Group Reports Strong H1 2026 Earnings Growth

FCMB Group has successfully moved from the defensive phase of recapitalisation to reaping the benefits of fresh capital, as indicated by its H1 2026 results. Profit Before Tax nearly doubled to N157.3 billion, while Profit After Tax rose 90 percent to N139.9 billion.

Net interest income increased by 71.8 percent, and equity rose 40.3 percent to N1.17 trillion. Despite a larger post-recapitalisation share base, annualised EPS reached N4.23, surpassing FY2025’s N3.96.

By August 2026, FCMB's market capitalisation had increased by 49.7 percent to approximately N771.7 billion, despite a 2.9 percent decline in share price year-to-date. The bank's total equity rose to N1.7 trillion, supported by retained earnings and N227 billion of additional capital injected during Q2.

Its Capital Adequacy Ratio reached 23.5 percent, and loans and advances increased by 5.2 percent to N2.49 trillion, with customer deposits rising 11.4 percent to N4.92 trillion. The quality of funding improved, with low-cost deposits climbing from 65.4 percent to 74.9 percent.