WEMABANK
Investo's verdict, shared with you
Wema Bank is a high-quality, rapidly compounding Nigerian bank delivering a 31% ROE (filing-derived) with Q1-2026 annualised EPS of ₦7.08, supported by a growing ALAT digital franchise that has materially expanded its deposit base to ₦3.41trn and total assets to ₦5.23trn. At ₦30 per share, the stock trades at 4.24x P/E and 1.32x P/B — below our blended base fair value of ₦34.02 — offering a credible 13% upside to base with further optionality to the justified P/B of ₦44.07 if ROE sustains. CEO insider buying at ₦31.95 in September 2026 provides a contemporaneous signal of management conviction.
Verdict published 2026-10-26 · fundamentals through FY2025 · reviewed as the data changes
Source: NGX live market data · Investo intelligence. Educational only — not financial advice.