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First Holdco's quarterly net loan
increased
from Dec. 2025 (₦8,966,321 Mil) to Mar. 2026 (₦9,438,863 Mil) and
increased
from Mar. 2026 (₦9,438,863 Mil) to Jun. 2026 (₦9,513,571 Mil).
First Holdco's annual net loan
increased
from Dec. 2023 (₦6,359,294 Mil) to Dec. 2024 (₦9,438,863 Mil) and
increased
from Dec. 2024 (₦9,438,863 Mil) to Dec. 2025 (₦9,513,571 Mil).
The historical data trend for First Holdco's Net Loan can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Total loans on banks' book. These are the fund that banks have lent out. The loans contribute to banks' income. Some borrower of the loans may stop paying their payment. In this case, the loan is called non-performing loans.
Loans can be divided into residential loans, commercial loans or consumer loans. Peter Lynch loved
First Holdco (NSA:FIRSTHOLDCO) has a Net Loan of ₦9,513,571 Mil as of Jun. 2026. The total net loans as recorded on a bank's balance sheet. View historical data on First Holdco and its competitors.
Is First Holdco's Net Loan too high?
First Holdco's current Net Loan is ₦9,513,571 Mil. Overall, First Holdco has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Holdco's Net Loan compare to competitors?
First Holdco's Net Loan of ₦9,513,571 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Loan for a Banks company?
A good Net Loan depends on the Banks industry context. However, Net Loan should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Loan mean?
A high Net Loan can signal that a stock is expensive relative to its fundamentals. The total net loans as recorded on a bank's balance sheet. View historical data on First Holdco and its competitors. First Holdco's current Net Loan is ₦9,513,571 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Holdco stock overvalued right now?
Based on GuruFocus' analysis, First Holdco (NSA:FIRSTHOLDCO) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦36.09, compared to a current price of ₦140.00 — trading 287.9% above its estimated fair value. The current Net Loan is ₦9,513,571 Mil. First Holdco's overall GF Score™ is 44/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Loan calculated?
Net Loan is calculated from a company's financial statements. For First Holdco (NSA:FIRSTHOLDCO), the current Net Loan is ₦9,513,571 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Holdco (NSA:FIRSTHOLDCO) Overvalued in 2026?
Based on GuruFocus' analysis, First Holdco stock appears to be overvalued.
The current stock price of ₦140.00 is trading 287.9% above its estimated GF Value™ of ₦36.09.
GuruFocus considers First Holdco to be Significantly Overvalued.
Key valuation signals for NSA:FIRSTHOLDCO:
Net Loan: ₦9,513,571 Mil
GF Value™: ₦36.09 vs. price of ₦140.00 (287.9% above fair value)
No single metric tells the full story. See the NSA:FIRSTHOLDCO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Holdco PLC is a Nigerian financial services Group. The principal activities of the company are mainly the provision of Commercial Banking, Investment Banking, Asset Management, Trusteeship, Securities Brokerage and Insurance Brokerage. Its reportable segments are 1. Commercial Banking Business Group: It provides both individual and corporate clients/ customers with financial intermediation services, 2 Investment Banking and Asset Management Business Group: It provides advisory, asset management, markets and private equity services to a large institutional (corporations and governments) clientele, as well as merchant banking services., and 3. Others. The majority of revenue is derived from the Commercial Banking Business Group. Geographically, key revenue is derived from Nigeria.
44GF Score
Get the complete analysis for NSA:FIRSTHOLDCO
Net Loan is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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