Post by Proshare (@Proshare)

FCMB Group's H1 2026 results underscore the benefits of recapitalisation, stronger funding efficiency, and a diversified business model. Profit before tax nearly doubled to N157.3 billion, while profit after tax rose 90% to N139.9 billion, driven by a 71.8% increase in net interest income, wider margins, and disciplined cost management. The Group also improved its cost-to-income ratio to 41.4%, reflecting greater operating efficiency.

Management accelerated the clean-up of legacy loans, increasing impairment charges but reducing the banking subsidiary's non-performing loan ratio to 5.2%, strengthening asset quality. FCMB appears well positioned for the second half of 2026, supported by stronger capital buffers, expanding digital and non-banking income, improving asset quality, and management's target of delivering over 25% return on equity for the full year.

Read more: https://proshare.co/articles/fcmb-group-declares-n139.9bn-pat-in-h1-2026-unaudited-results-sp-n12?menu=Market&classification=Read&category=Corporate%20Results

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