Kolawole, Kayode DavidIbrahim, Rahji OhizeAbdulmumin, Biliqees AyoolaIbrahim, Wasiu Oluwatoyin2023-01-092023-01-092021-12-05https://uilspace.unilorin.edu.ng/handle/20.500.12484/8265The appropriate financing mix is an important decision that influences the survival of any financial institution. Hence, the need to examine the capital structure and performance of Nigerian banks. Secondary data was sourced from annual reports of thirteen banks in Nigeria covering 2011 to 2020. Panel least square analysis was used to analyze the data obtained for the study. The findings showed that debt is a significant determinant of performance with coefficient values of 6.102075 at 5% significance level. The study further revealed that equity has a positive relationship with the performance of Nigerian deposit money banks with coefficient values of 2.097716 at a 1% significant level. Thus, the study concludes that capital structure has a significant impact on the performance of deposit money banks in Nigeria. Deposit money banks in Nigeria should try to finance from retained earnings and other forms of equity financing rather than relying on debt capital as debt has a negative impact on stakeholders' wealth maximization.The appropriate financing mix is an important decision that influences the survival of any financial institution. Hence, the need to examine the capital structure and performance of Nigerian banks. Secondary data was sourced from annual reports of thirteen banks in Nigeria covering 2011 to 2020. Panel least square analysis was used to analyze the data obtained for the study. The findings showed that debt is a significant determinant of performance with coefficient values of 6.102075 at 5% significance level. The study further revealed that equity has a positive relationship with the performance of Nigerian deposit money banks with coefficient values of 2.097716 at a 1% significant level. Thus, the study concludes that capital structure has a significant impact on the performance of deposit money banks in Nigeria. Deposit money banks in Nigeria should try to finance from retained earnings and other forms of equity financing rather than relying on debt capital as debt has a negative impact on stakeholders' wealth maximization.enCapital Structure, Financial Performance, and Deposit Money banksArticle