First HoldCo (FIRSTHOLDCO) Stock Overview
Provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
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First HoldCo Plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₦65.60 |
| 52 Week High | ₦81.90 |
| 52 Week Low | ₦29.15 |
| Beta | 0.99 |
| 1 Month Change | -4.93% |
| 3 Month Change | 19.49% |
| 1 Year Change | 123.89% |
| 3 Year Change | 278.10% |
| 5 Year Change | 804.83% |
| Change since IPO | 13,880.29% |
Recent News & Updates
First HoldCo Plc – Completion of ₦45 Billion Second Tranche Private Placement to Strengthen FirstBank’s Capital Base
Transaction Overview Author: Qudus Adebara (Research Analyst, DLM Capital Group) First HoldCo Plc has successfully completed the ₦45 billion second tranche of its ongoing ₦350 billion Private Placement Programme , having obtained all necessary approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The capital raised will be injected into First Bank of Nigeria Limited (FirstBank) as part of the bank’s capital restoration and balance sheet strengthening programme aimed at meeting regulatory requirements and supporting future growth initiatives.First HoldCo Plc Reports Strong Q1 2026 Earnings Growth Driven by Core Banking Expansion and Trading Income Recovery
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) First HoldCo Plc delivered a robust Q1 2026 performance, supported by strong growth in interest income, improved fee-based earnings, solid trading income recovery, and higher operating profitability. Gross earnings expanded significantly as interest income rose 13% YoY to ₦704.5 billion, driven primarily by growth in customer loans and strong yields across earning assets.Recent updates
First HoldCo Plc – Completion of ₦45 Billion Second Tranche Private Placement to Strengthen FirstBank’s Capital Base
Transaction Overview Author: Qudus Adebara (Research Analyst, DLM Capital Group) First HoldCo Plc has successfully completed the ₦45 billion second tranche of its ongoing ₦350 billion Private Placement Programme , having obtained all necessary approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The capital raised will be injected into First Bank of Nigeria Limited (FirstBank) as part of the bank’s capital restoration and balance sheet strengthening programme aimed at meeting regulatory requirements and supporting future growth initiatives.First HoldCo Plc Reports Strong Q1 2026 Earnings Growth Driven by Core Banking Expansion and Trading Income Recovery
Executive Summary Analyst: Qudus Adebara (Research Analyst, DLM Capital Group) First HoldCo Plc delivered a robust Q1 2026 performance, supported by strong growth in interest income, improved fee-based earnings, solid trading income recovery, and higher operating profitability. Gross earnings expanded significantly as interest income rose 13% YoY to ₦704.5 billion, driven primarily by growth in customer loans and strong yields across earning assets.Reports Sharp Earnings Decline in FY 2025 Amid Elevated Impairments, Trading Losses, and Rising Operating Costs Despite Strong Balance Sheet
Executive Summary Analyst: Qudus Adebara (Research Analyst) First HoldCo Plc delivered a significantly weaker financial performance for the year ended December 31, 2025, as elevated impairment charges, trading losses, and higher operating expenses offset strong growth in interest income and balance sheet expansion. Gross earnings remained resilient, supported by a 25% YoY increase in interest income to ₦2.99 trillion, driven by growth in customer lending and investment securities yields.FIRST HOLDCO PLC Q3 Result – Strong Earnings Delivery Anchored by Robust Net-Interest Income, Solid Fee Growth & Balance Sheet Strengthening
Executive Summary First HoldCo Plc delivered resilient performance for the nine months ended September 30, 2025, supported by solid earnings momentum across banking operations, strong net-interest income growth, and sustained fee-based income contribution. The Group demonstrated effective asset-liability management, improved credit cost discipline, and enhanced balance sheet strength despite FX market volatility and losses from discontinued operations.NOTIFICATION OF COMPLETION OF SALE OF FBNQUEST MERCHANT BANK LIMITED
Issuer: First HoldCo Plc Transaction Type: Divestment of Subsidiary Subject: Completion of Sale of 100% Ownership in FBNQuest Merchant Bank Limited Buyer: EverQuest Acquisition LLP Regulatory Approval: Central Bank of Nigeria (CBN) Transaction Update First HoldCo Plc has formally notified the Nigerian Exchange Limited (NGX) and the investing public of the successful completion of its full divestment from FBNQuest Merchant Bank Limited. This development follows the sale of 100% equity ownership in the merchant banking subsidiary to EverQuest Acquisition LLP , marking the conclusion of the transaction.First HoldCo Plc's performance for the half-year ended June 30, 2025 H1/Q2 Result
Recent valuationFirst HoldCo Plc's performance for the half-year ended June 30, 2025 H1/Q2 Result
First HoldCo Plc – Restructuring for Resilience Amid Capital and Governance Shifts Strategic Divestment and Ownership Realignment: Unwinding the SPV Structure First HoldCo’s plan to dispose of shares held via a Special Purpose Vehicle (SPV) marks a significant step in its broader capital restructuring and compliance drive , aimed at aligning with the Central Bank of Nigeria’s (CBN) revised capital requirements. The recent transfer of a 25% stake to RC Investment Management Ltd., an SPV tied to Renaissance Capital, is being positioned as temporary , with a stated intention to divest these shares on-market.Shareholder Returns
| FIRSTHOLDCO | NG Banks | NG Market | |
|---|---|---|---|
| 7D | 8.4% | 3.5% | 5.4% |
| 1Y | 123.9% | 41.1% | 84.3% |
Return vs Industry: FIRSTHOLDCO exceeded the NG Banks industry which returned 41.1% over the past year.
Return vs Market: FIRSTHOLDCO exceeded the NG Market which returned 84.3% over the past year.
Price Volatility
| FIRSTHOLDCO volatility | |
|---|---|
| FIRSTHOLDCO Average Weekly Movement | 12.2% |
| Banks Industry Average Movement | 7.8% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in NG Market | 11.3% |
| 10% least volatile stocks in NG Market | 4.0% |
Stable Share Price: FIRSTHOLDCO's share price has been volatile over the past 3 months compared to the NG market.
Volatility Over Time: FIRSTHOLDCO's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of NG stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1894 | 10,909 | Wale Oyedeji | first-holdco.com |
First HoldCo Plc, together with its subsidiaries, provides commercial banking, investment banking, corporate banking, and other financial services in Nigeria and internationally. The company operates through the Commercial Banking Business Group; Investment Banking and Asset Management Business Group (IBAM); and Others segments. The Commercial Banking Business Group segment offers financial intermediation services to individual, and corporate clients/customers.
First HoldCo Plc Fundamentals Summary
| FIRSTHOLDCO fundamental statistics | |
|---|---|
| Market cap | ₦2.92t |
| Earnings (TTM) | ₦241.36b |
| Revenue (TTM) | ₦1.65t |
Is FIRSTHOLDCO overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FIRSTHOLDCO income statement (TTM) | |
|---|---|
| Revenue | ₦1.65t |
| Cost of Revenue | ₦60.85b |
| Gross Profit | ₦1.59t |
| Other Expenses | ₦1.35t |
| Earnings | ₦241.36b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 28, 2026
| Earnings per share (EPS) | 5.43 |
| Gross Margin | 96.32% |
| Net Profit Margin | 14.59% |
| Debt/Equity Ratio | 39.8% |
How did FIRSTHOLDCO perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/13 22:57 |
| End of Day Share Price | 2026/07/13 00:00 |
| Earnings | 2026/03/31 |
| 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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| 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
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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
First HoldCo Plc is covered by 10 analysts. 0 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. |
| John Storey | BofA Global Research |