• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

[FCMB] Delay In Release Of Q3 Results Help Wipe Out N10 billion In Market Value

Nairametrics by Nairametrics
December 18, 2015
in Business News, Company News
FCMB Logo

FCMB log Source: Nairametrics Research

Share on FacebookShare on TwitterShare on Linkedin

Nigeria’s bank holding group, FCMB is yet to release its 2015 9 Months results nearly 3 months after the end of the third quarter of the year. The company explained that the reason for the continuous delay is because the bank is carrying out an audit of its financial statements. Carrying out an audit in the third quarter of the year is not common as most banks either audit in their half-year or final year.

Nairametrics reached out to analysts who track the bank and they explain that the longer the audit takes the more worrying investors get. Speculations are already rife that the bank may be announcing a disappointing result at the end of the period. Their half-year results showed profits dropped 14% with loan impairments rising a whopping 47% year on year. The speculations along with the currency crisis facing the financial sector has cost the banking industry negatively with the index down by our 22% YTD and -14.8% QTD. FCMB shares has dropped 22.5% since September 30th 2015 shaving off about N10 billion in market capitalization.

Some analysts believe the delay in releasing the results may have contributed to the N10 billion drop in market value citing the fact that it was one of the better performers in the first half of the year. FCMB now has a market capitalization of N36 billion only.

RelatedStories

Nigerian banks spent N518.5 billion on IT in 2024 as digital banking, cybersecurity drive boom

April 25, 2025
Ranking Nigerian Banks that have declared the most dividend in 5 years

Government earned N1.2 trillion from Nigerian banks in 2024, more than shareholders 

April 23, 2025

 

Tags: fcmb
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Exclusives

Nigerian banks spent N518.5 billion on IT in 2024 as digital banking, cybersecurity drive boom

April 25, 2025
Ranking Nigerian Banks that have declared the most dividend in 5 years
Financial Analysis

Government earned N1.2 trillion from Nigerian banks in 2024, more than shareholders 

April 23, 2025
NGX
Equities

All-Share Index falls 0.11%; OANDO and PZ Cussons surge, FCMB trades 102 million shares 

February 27, 2025
FCMB invests $35 million in agriculture and women-led businesses 
Agriculture

FCMB invests $35 million in agriculture and women-led businesses 

January 23, 2025
NCC,
Financial Services

USSD debt: NCC grants telcos approval to disconnect 9 banks 

January 15, 2025
FCMB Group shareholders approve N340 Billion capital raise 
Companies

FCMB Group shareholders approve N340 Billion capital raise 

December 23, 2024
Next Post
Singapore Seizes Nigerian Cargo of Elephant Tusks

Singapore Seizes Nigerian Cargo of Elephant Tusks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Tinubu returns from BRICS Summit, pushes for global financial reform and climate justice 
  • Pump.fun raises $600 million in 12 minutes as memecoin craze heats up again 
  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

Follow us on social media:

Recent News

Tinubu returns from BRICS Summit, pushes for global financial reform and climate justice 

Tinubu returns from BRICS Summit, pushes for global financial reform and climate justice 

July 13, 2025
Pump.fun raises $600 million in 12 minutes as memecoin craze heats up again 

Pump.fun raises $600 million in 12 minutes as memecoin craze heats up again 

July 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics