FCMB Group Plc is recording sustained momentum on the Nigerian Exchange (NGX), attracting increasing attention from both retail and institutional investors.

As of 23 February 2026, the bank’s shares were trading at ₦12.35, rising significantly from a 52-week low of ₦8.35, a performance that reflects growing investor confidence in the Group’s strategy and earnings prospects.

This positive outlook comes amid a broader transformation within Nigeria’s banking industry, driven by recapitalisation efforts and strategic repositioning. In this environment, investors are showing a preference for banks with clearly defined growth plans and diversified revenue sources.

FCMB’s multi-subsidiary structure — which spans commercial banking, consumer finance, asset management, and investment banking — continues to strengthen its position as a resilient mid-tier financial institution.

A key attraction for many investors is the bank’s valuation upside. FCMB currently trades at a Price-to-Book Value (P/BV) ratio of 0.6x, notably below peers such as Fidelity Bank and Sterling Bank at 1.0x each, and Wema Bank at 1.7x.

While some competitors have already experienced sharp share price rallies, FCMB remains relatively affordable, suggesting potential for future appreciation as earnings performance and capital plans continue to improve.

The Group’s strategic focus on SME banking, digital innovation, renewable energy financing, and women-focused initiatives like SheVentures also aligns with high-growth sectors of the Nigerian economy.

Although equity investments carry inherent risks and market dynamics can shift rapidly, FCMB is increasingly seen by investors as a stock worth close attention, particularly for those seeking exposure to Nigeria’s evolving mid-tier banking landscape.

As the market continues to evolve, FCMB is steadily becoming part of the conversation among discerning investors tracking the future direction of Nigeria’s banking sector.