FirstRand Limited (FANDF)
OTHER OTC:FANDF
Earnings Data
Report Date
Sep 10, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.2Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial performance across core South African franchises and RMB, with double-digit NIR growth, improving margins and significant capital strength (CET1 14.4%). Management reconfirmed guidance and highlighted balance-sheet flexibility to absorb the pending U.K. motor redress outcome. Key risks discussed were the unresolved U.K. redress, pockets of credit pressure (WesBank VAF, isolated RMB exposures), cost and integration one-offs (IT, professional fees, offshoring) and margin/funding headwinds in the U.K. and from excess liquidity. On balance, the positives — robust earnings, franchise momentum, margin and ALM wins, and strong capital — materially outweigh the uncertainties and costs flagged.Company Guidance
Solid top-line and earnings growth
Normalized earnings up 11% for the six months; NII up 8% and NIR up 12%; NIACC (net income after cost of capital) grew 26%; 5-year economic profit CAGR 14%; NAV up 7% (10% excluding stronger rand). Management reconfirmed full-year guidance (mid-teens earnings growth) and ability to grow dividends faster than earnings due to high ROE.
Strong franchise performance (FNB, RMB, WesBank)
FNB earnings +8% with FNB SA +10%; FNB Retail PBT +14% and FNB ROE at 41%; customer metrics improved (personal +3% pre-migration, private +8%, main bank clients +6%); RMB in-country CIB profits before tax rose 62%; WesBank VAF advances +14% with industry new car sales up 16%.
RMB and Global Markets recovery
RMB delivered strong top-line growth, portfolio margin improved ~20 basis points, lending NII +15%; Global Markets recovered materially (contributing to trading and fair value income recovery) and RMB completed HSBC transaction adding ~260 large corporate/multinational clients.
Deposit and ALM strength supporting NII and margin
Group deposits grew ~6%, enabling a 2% reduction in institutional/other funding needs; Group Treasury NII increased 61% and ALM strategies produced an additional ZAR 1.2bn of NII versus prior period; group margin up 8 basis points (15 bps excluding the U.K.).
Portfolio growth and selective origination
Commercial advances +9%, broader Africa advances +9% in constant currency; Zambia advances +35%; strategic origination and distribution actions (including distribution of low-return exposures) created balance sheet capacity and improved risk-return mix.
Capital and balance-sheet resilience
CET1 ratio strengthened to 14.4% (board target range 11.5–12.5%), RWA consumption up 70 basis points, provision stock ZAR 56bn with performing coverage 1.43%; management stated capital is sufficient to absorb potential U.K. redress outcomes and still pay dividends on normalized earnings.
Strong investment income and insurance momentum
Investment income rose ~65% (driven by private equity realizations and associate resilience); life insurance income +13% and short-term insurance income +17%; private equity unrealized value up 12% to ZAR 8.4bn.
FANDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FANDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 05, 2026 | $5.70 | $5.49 | -3.60% |
Sep 11, 2025 | $4.09 | $4.38 | +6.86% |
Mar 06, 2025 | $3.77 | $3.71 | -1.75% |
Sep 12, 2024 | $4.46 | $4.47 | +0.20% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does FirstRand Limited (FANDF) report earnings?
FirstRand Limited (FANDF) is schdueled to report earning on Sep 10, 2026, TBA (Confirmed).
What is FirstRand Limited (FANDF) earnings time?
FirstRand Limited (FANDF) earnings time is at Sep 10, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FANDF EPS forecast?
Currently, no data Available