FBN Holdings Plc (FirstHoldco) achieved gross earnings of N942 billion in its first-quarter 2026 financials, compared to the N742.7 billion it recorded for the corresponding period in 2025.

The company’s unaudited results for the first quarter ended March 31, 2026, showed a 26.8 per cent rise in gross earnings in the first quarter of this year compared with the same period for last year.

Also, FirstHoldco recorded a 72 per cent year-on-year Profit Before Tax (PBT) growth in Q1’26 as this surged to N321 billion from N186.47 billion in the corresponding period of 2025, supported by steady interest earning capacity and robust fee income generation.

Similarly, its profit for the year rose by 56.5 per cent to N267.8 billion in the first three months of this year compared with N171.1 billion in the corresponding period of last year.

Commenting on the results, the Group Managing Director, FBN Holdings Plc, Wale Oyedeji, stated: “FirstHoldCo has begun 2026 on a strong footing, delivering a Q1 performance that validates the resilience of our franchise and the disciplined execution of our strategy.

In a market defined by volatility, our results underscore that our business is not only enduring but strengthening—built to perform through cycles and to compound value for shareholders.

“In the first quarter of 2026, gross earnings increased by 26.8 per cent year-on-year to N942.0 billion, while profit before tax rose by 72.2 per cent to N321.1 billion—among the strongest quarterly PBT outcomes in the Nigerian banking industry.

“This strong rebound follows the deliberate actions taken in 2025 to comprehensively de-risk our balance sheet, including adequately provisioning for systemic impaired and non-performing loans.

With these legacy issues addressed decisively, we have strengthened the quality of our earnings and positioned the Group on a much stronger foundation for sustained growth.”