FCMB Group Plc has announced a remarkable leap in profitability, reporting a FCMB profit after tax of N177 billion for the year ended December 31, 2025. This represents a 141% increase from the N73.3 billion recorded in 2024 and highlights the bank’s expanding earnings base across core business lines.
The group’s gross earnings climbed sharply to N1.13 trillion in 2025—up 42% from N794.4 billion the previous year. The primary driver was interest and discount income, which surged by 61% to reach N1.0 trillion. This growth reflects aggressive yet disciplined lending activity across retail, commercial, and corporate segments. As a result, net interest income more than doubled to N503 billion, compared to N225.3 billion in 2024.
Non-interest income also played a key supporting role. Fee and commission income rose by 29% to N96 billion, thanks to expanded transaction volumes and digital service adoption. Net trading and other gains added further momentum, though total other operating income stood at N28 billion—down from N93.3 billion in 2024 due to market volatility and strategic portfolio adjustments.
On the cost side, FCMB continued investing in people and infrastructure. Personnel expenses increased to N106 billion from N79.3 billion, reflecting new hires and enhanced staff development programs. General and administrative costs rose to N127 billion. Notably, net impairment losses on financial instruments jumped to N86 billion—more than double the N41.2 billion in 2024—as the bank proactively managed credit risk in a fast-growing loan book.
The bank’s balance sheet remained strong. Total assets grew to N7.54 trillion from N7.05 trillion in 2024. Cash and cash equivalents rose to N1.3 trillion, while investment securities climbed to N2.06 trillion. Loans and advances to customers held steady at N2.29 trillion, underscoring FCMB’s ongoing commitment to financing businesses and households nationwide.
Shareholder value also improved significantly. Equity strengthened to N823 billion from N689 billion, supported by retained earnings and sound capital management. Basic earnings per share rose to N3.96, up from N2.46 in 2024—delivering tangible returns to investors.
Overall, the FCMB profit after tax surge signals robust operational execution, effective risk oversight, and strategic positioning in Nigeria’s evolving financial landscape. With solid fundamentals and growing customer engagement, the bank appears well-prepared to sustain its upward trajectory in 2026 and beyond.
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