Q3 2026: First Holdco posts 61% increase in profit to N911.24bn
First Holdco Plc on Friday announced its third quarter (Q3) ended September 30, 2026 with profit before tax of N911.24 billion, a growth of 61 per cent from N566.54billion reported in the third quarter ended September 30, 2025.
The financial institution in the period under review posted N744.6 billion profit after tax, which is 63 per cent increase when compared to N458.08 billion reported in the corresponding period of 2025.
On the backdrop of interest in profit, First Holdco declared N16.46 Basic Earning Per Share in Q3 2026 from N10.82 per share in Q3 2025.
Amid high yield environment, First Holdco listed on the Nigerian Exchange Limited (NGX) announced posted N2.09 trillion interest income , about nine per cent decline over N2.29 trillion reported in Q3 2025
The Group also reported interest expenses of N833 billion in Q3 2026, which is a 5.2 per cent drop from N791.8 billion reported in Q3 2025.
From a balance sheet position, First Holdco closed September 2026 with total assets of N32.2 trillion, about 18.1 per cent growth from N27.25 trillion reported in the 2025 financial year.
The Group’s Deposits from customers stood at N22.91 trillion as of September 2026, a 21.3 per cent growth from N18.88 trillion in 2025, while loans and advances to customers moved from N8.97trillion in 2025 to N9.39 trillion as of September 2026.
The Group Managing Director, First Holdco, Wale Oyedeji, had exprsssed that the lender in the second half of 2026 with clear momentum, stronger fundamentals and a sharper path to sustainable value creation.
“Our performance reflects a capital-restored institution with deep market relevance, a diversified and increasingly efficient revenue base, improving asset quality and disciplined risk execution.
“The Group combines the strength of a systemically important financial institution with the upside of a business undergoing disciplined transformation and renewed strategic ambition. We are confident in our ability to deliver superior, sustainable returns and deepen shareholder value.”
