FCMB Group Plc reported a profit after tax of N177 billion (US$431 million) for the year ended December 31, 2025, a 141 percent increase from N73.3 billion (US$179 million) in 2024, the bank said on Thursday.
The growth was driven by higher interest income and improved non-interest revenue, underscoring the bank’s expanding earnings base.
Gross earnings rose 42 percent year-on-year to N1.13 trillion (US$2.76 billion), from N794.4 billion (US$1.94 billion) in 2024, largely supported by interest and discount income, which surged 61 percent to N1.0 trillion (US$2.44 billion), reflecting strong lending activity across the group. Net interest income more than doubled to N503 billion (US$1.23 billion), up from N225.3 billion (US$550 million) the previous year.
Non-interest income also contributed, with fee and commission income rising 29% to N96 billion ($234 million). Net trading and other gains added further support, although total other operating income and gains fell to N28 billion (US$68 million) from N93.3 billion (US$228 million) in 2024 due to market adjustments.
On the expense side, FCMB invested in staff and infrastructure. Personnel costs rose to N106 billion ($259 million) from N79.3 billion ($193 million), while general and administrative expenses increased to N127 billion ($310 million). Net impairment losses on financial instruments more than doubled to N86 billion ($210 million), reflecting proactive risk management in a dynamic lending environment.
The bank’s total assets grew to N7.54 trillion ($18.4 billion), from N7.05 trillion (US$17.2 billion), supported by higher cash balances of N1.3 trillion (US$3.17 billion) and investment securities of N2.06 trillion (US$5.02 billion). Loans and advances remained robust at N2.29 trillion (US$5.59 billion), highlighting FCMB’s support for businesses and households.
Equity strengthened to N823 billion (US$2.01 billion), up from N689 billion (US$1.68 billion), aided by retained earnings and capital management. Basic earnings per share rose to N3.96 ($0.01) from N2.46 ($0.006), reflecting strong returns for shareholders.
FCMB’s results mark one of the strongest profit surges in Nigeria’s banking sector for 2025, driven by lending growth and diversified revenue streams amid ongoing investment in infrastructure and risk management.
