FCMB Group (FCMB) Stock Overview
Provides various banking and financial services in Nigeria and Europe. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 6/6 |
| Financial Health | 4/6 |
| Dividends | 3/6 |
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FCMB Group Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦11.25 |
| 52 Week High | ₦14.50 |
| 52 Week Low | ₦9.05 |
| Beta | 0.18 |
| 1 Month Change | 14.80% |
| 3 Month Change | -2.17% |
| 1 Year Change | -2.17% |
| 3 Year Change | 82.04% |
| 5 Year Change | 257.14% |
| Change since IPO | 159.75% |
Recent News & Updates
Narrative Update • Jul 28
Reports (Unaudited) Exceptional H1 2026 Earnings Growth Driven by Strong Interest Income and Balance Sheet Expansion Despite Elevated Impair
Reports (Unaudited) Exceptional H1 2026 Earnings Growth Driven by Strong Interest Income and Balance Sheet Expansion Despite Elevated Impairment Charges Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) FCMB Group Plc delivered a strong financial performance for the six months ended June 30, 2026, underpinned by robust growth in interest income, improved non-interest revenue, and significant balance sheet expansion. The Group benefited from higher yields on earning assets, increased customer deposits, and successful capital raising activities, which strengthened its financial position.Narrative Update • Jul 09
FCMB Group Plc Reports Exceptional Q1 2026 Earnings Growth Driven by Strong Net Interest Income, Capital Expansion, and Balance Sheet Growth
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) FCMB Group Plc delivered an outstanding first-quarter performance for the period ended March 31, 2026, supported by robust growth in net interest income, higher fee-based earnings, successful capital raising, and improved operating efficiency. Group Profit After Tax (PAT) surged by 137% YoY to ₦76.5 billion from ₦32.2 billion in Q1 2025, while Profit Before Tax (PBT) climbed 148% YoY to ₦87.0 billion.Recent updates
Narrative Update • Jul 28
Reports (Unaudited) Exceptional H1 2026 Earnings Growth Driven by Strong Interest Income and Balance Sheet Expansion Despite Elevated Impair
Reports (Unaudited) Exceptional H1 2026 Earnings Growth Driven by Strong Interest Income and Balance Sheet Expansion Despite Elevated Impairment Charges Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) FCMB Group Plc delivered a strong financial performance for the six months ended June 30, 2026, underpinned by robust growth in interest income, improved non-interest revenue, and significant balance sheet expansion. The Group benefited from higher yields on earning assets, increased customer deposits, and successful capital raising activities, which strengthened its financial position.Narrative Update • Jul 09
FCMB Group Plc Reports Exceptional Q1 2026 Earnings Growth Driven by Strong Net Interest Income, Capital Expansion, and Balance Sheet Growth
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) FCMB Group Plc delivered an outstanding first-quarter performance for the period ended March 31, 2026, supported by robust growth in net interest income, higher fee-based earnings, successful capital raising, and improved operating efficiency. Group Profit After Tax (PAT) surged by 137% YoY to ₦76.5 billion from ₦32.2 billion in Q1 2025, while Profit Before Tax (PBT) climbed 148% YoY to ₦87.0 billion.Narrative Update • Jun 09
FCMB Group Plc Reports Record FY 2025 Earnings as Profit More Than Doubles on Strong Interest Income Growth and Balance Sheet Expansion
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) FCMB Group Plc delivered an exceptional financial performance for the year ended December 31, 2025, driven by robust growth in interest income, expanding fee-based revenues, and significant balance sheet growth. The Group's Profit After Tax (PAT) surged by 142% YoY to ₦177.3 billion, while Profit Before Tax (PBT) rose 81% YoY to ₦202.1 billion.Narrative Update • May 21
FCMB Group Plc Reports Strong FY 2025 Earnings Growth Driven by Balance Sheet Expansion and Improved Core Banking Performance
FCMB, REA and Partners Launch $188 Million Renewable Energy Financing Platform Author: Qudus Adebara First City Monument Bank (FCMB), in partnership with Barton Heyman Limited, the Rural Electrification Agency (REA), UK PACT, and other stakeholders, has launched a $188 million Green Finance Investment Facility (GFIF) aimed at financing 191 megawatts of distributed solar capacity across Nigeria. The blended finance platform is designed to mobilize large-scale private and institutional capital into Nigeria’s distributed renewable energy sector, with a particular focus on underserved households, rural communities, and businesses lacking reliable electricity access.Narrative Update • Jan 25
FCMB Group’s National Banking Licence: Capital-Led De-Risking, Strategic Optionality & Pathway to International Expansion
FCMB Group Plc has secured a national banking licence for its flagship banking subsidiary, following the successful completion of a major capital raise that ensures uninterrupted domestic operations under the Central Bank of Nigeria’s (CBN) ongoing banking sector recapitalisation programme. This milestone positions the Group not only ahead of regulatory minimums for national operations, but also provides a clear and credible pathway toward international banking status ahead of the March 31, 2026 deadline.Narrative Update • Dec 21
FCMB Group Plc Secures Shareholder Approval to Raise N400 Billion to Strengthen Capital and Support Strategic Growth
Key Highlights Offer Size: Up to N400 billion Offer Structure: Fresh equity capital through public/private placement Share Capital Increase: From N30.00 billion to reflect new share issuance Existing Shares: 60,004,339,565 ordinary shares of 50 kobo each Eligibility: Existing and potential investors, subject to regulatory approvals Regulatory Approvals: SEC, CBN, and NGX Strategic Objective: Align with CBN minimum capital requirements for international banks Overview FCMB Group Plc, a leading Nigerian financial services conglomerate, has obtained shareholder approval to raise up to N400 billion in fresh equity capital. The approval was granted during an Extraordinary General Meeting (EGM) held in Lagos, reflecting strong shareholder confidence in the Group’s leadership and growth ambitions.Narrative Update • Dec 11
FCMB Group Delivers Strong 9M 2025 Performance and Positive Q1 2026 Outlook Amid Operational Pressures
Valuation due Excess issuance of additional shareNarrative Update • Nov 23
Investor Concerns Deepen as FCMB Again Raises Capital Ceiling to ₦400 Billion
FCMB Group Plc’s decision to further expand its capital-raising ceiling—now lifted to ₦400 billion from ₦370 billion barely two weeks after an earlier increase—has triggered growing unease among shareholders and market analysts. Many argue that the Group’s repeatedly shifting capital targets risk diluting shareholder value and cast doubt on the clarity of its long-term capital strategy.Narrative Update • Oct 08
FCMB Group Plc H1 2025: Robust Growth in Core Banking Operations Despite Rising Costs
FCMB Group Plc: Strengthens Capital Base via Mandatory Convertible Loan Conversion Analyst Name: Adebara Qudus Sector: Banking / Financial Services Analyst View: Positive – proactive recapitalization, balance sheet strengthening ahead of CBN’s 2026 capital deadline Transaction Overview The Nigerian Exchange Limited (NGX) has listed 3.16 billion additional ordinary shares of FCMB Group Plc , following the conversion of a N23.11 billion mandatory convertible loan (including accrued interest) into equity. · Effective Date: September 23, 2025 · Conversion Price: N7.30 per share · Nominal Value: 50 kobo per share · New Total Shares Outstanding: 42.77 billion (up from 39.61 billion) · Market Capitalization: N446.96 billion (at N10.45/share) — a N33.09 billion increase This conversion forms a core component of FCMB’s ongoing recapitalization programme targeted at strengthening its balance sheet and aligning with the Central Bank of Nigeria’s (CBN) new capital adequacy requirements.Narrative Update • Aug 07
FCMB Group Plc H1 2025: Robust Growth in Core Banking Operations Despite Rising Costs
FCMB Group Plc has emerged as one of the most dynamic financial institutions in Nigeria’s mid-tier banking space, delivering robust revenue growth, expanding margins, and digital-led transformation. In H1 2025, the Group reported strong top-line momentum (+41.3% YoY), efficient balance sheet management, and resilient profitability despite macroeconomic headwinds.Shareholder Returns
| FCMB | NG Banks | NG Market | |
|---|---|---|---|
| 7D | -4.7% | -0.6% | -1.1% |
| 1Y | -2.2% | 54.3% | 59.6% |
Return vs Industry: FCMB underperformed the NG Banks industry which returned 54.3% over the past year.
Return vs Market: FCMB underperformed the NG Market which returned 59.6% over the past year.
Price Volatility
| FCMB volatility | |
|---|---|
| FCMB Average Weekly Movement | 7.6% |
| Banks Industry Average Movement | 6.1% |
| Market Average Movement | 7.4% |
| 10% most volatile stocks in NG Market | 10.6% |
| 10% least volatile stocks in NG Market | 4.0% |
Stable Share Price: FCMB has not had significant price volatility in the past 3 months compared to the NG market.
Volatility Over Time: FCMB's weekly volatility (8%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1977 | 4,932 | Ladi Balogun | fcmbgroup.com |
FCMB Group Plc provides various banking and financial services in Nigeria and Europe. The company offers micro-lending, asset management, stock-broking, trusteeship and custodial services, foreign exchange, personal banking, and corporate and commercial banking services. It also provides investment banking services, including financial advisory, debt and equity capital markets, and project and structured finance transactions; and transaction banking products, delivering cash management; and trade and liquidity management solutions.
FCMB Group Plc Fundamentals Summary
| FCMB fundamental statistics | |
|---|---|
| Market cap | ₦741.99b |
| Earnings (TTM) | ₦235.73b |
| Revenue (TTM) | ₦626.84b |
3.1x
P/E Ratio0.6x
P/B RatioIs FCMB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FCMB income statement (TTM) | |
|---|---|
| Revenue | ₦626.84b |
| Cost of Revenue | ₦3.00b |
| Gross Profit | ₦623.84b |
| Other Expenses | ₦388.11b |
| Earnings | ₦235.73b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.57 |
| Gross Margin | 99.52% |
| Net Profit Margin | 37.61% |
| Debt/Equity Ratio | 78.8% |
How did FCMB perform over the long term?
See historical performance and comparisonDividends
3.1%
Current Dividend Yield8%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/04 23:09 |
| End of Day Share Price | 2026/08/04 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
FCMB Group Plc is covered by 7 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | ARM Research |
| Jaap Meijer | Arqaam Capital Research Offshore S.A.L. |
| Tunde Abidoye | FBNQuest Capital |