FCMB Group Reports ₦157.3bn Profit Before Tax in H1 2026

FCMB Group Plc (NGX: FCMB) announced its unaudited financial results for the half-year ending June 30, 2026, revealing a profit before tax of ₦157.3 billion, a 99% increase from ₦79.1 billion in the same period of 2025. The results showed year-on-year profit growth across all divisions: Consumer Finance (92%), Banking Group (80%), Investment Banking (76%), and Investment Management (50%).

Gross earnings increased by 27.8% to ₦676.2 billion, driven by a 31.0% rise in interest income and a 22% growth in earning assets, from ₦4.90 trillion to ₦5.98 trillion. Annualised Earnings Per Share rose to ₦4.23 from ₦3.96 in 2025.

Ladi Balogun, Group Chief Executive, emphasized the strength of the Group's diversified business model and commitment to enhancing asset quality. Digital revenue grew to ₦89.1 billion, contributing 13.2% of gross earnings.

Total assets increased by 9.5% to ₦8.36 trillion, with loans and advances growing by 5.2% to ₦2.49 trillion. Customer deposits rose by 11.4% to ₦4.92 trillion, and total equity grew by 40.3% to ₦1.17 trillion.