FCMB Group Reports 99% PBT Growth in H1 2026

FCMB Group Plc announced its unaudited financial results for the half-year ended June 30, 2026, revealing a 99% year-on-year increase in profit before tax, reaching N157.3 billion, up from N79.1 billion in the same period of 2025. The results, released on the Nigerian Exchange Limited (NGX), showed profit before tax growth across all four divisions: Consumer Finance (92%), Banking Group (80%), Investment Banking (76%), and Investment Management (50%).

Gross earnings increased by 27.8% to N676.2 billion, driven by a 31.0% growth in interest income and a 22% rise in earning assets, from N4.90 trillion to N5.98 trillion. Group Chief Executive Ladi Balogun stated that the performance reflects the strength of their diversified business model.

Digital revenue rose to N89.1 billion, contributing 13.2% of gross earnings. Total assets increased by 9.5% to N8.36 trillion, with customer deposits growing by 11.4% to N4.92 trillion.

Total equity grew by 40.3% to N1.17 trillion, supported by a capital injection of approximately N227 billion.