FCMB Group Plc has reported a profit after tax of N177bn for the year ended 31 December 2025, marking a 141 per cent increase from N73.3bn recorded in 2024. The performance underscores the bank’s earnings base, driven by higher interest income and improved non-interest revenue streams.
The group’s gross earnings rose sharply to N1.13tn in 2025 from N794.4bn in 2024, representing a 42 per cent growth year-on-year. This growth was largely powered by interest and discount income, which surged by 61 per cent to N1.0tn, reflecting strong lending activities across the group. Consequently, net interest income jumped to N503bn, more than double the N225.3bn posted in the previous year.
The Consolidated and Separate Statements of Profit or Loss and Other Comprehensive Income for the year ended 31 December 2025 revealed that non-interest income also contributed significantly to the bottom line. Fee and commission income increased by 29 per cent to N96bn, while net trading and other gains added further support despite some volatility. In total, the group’s other operating income and gains contributed N28bn, although this was lower than the N93.3bn recorded in 2024 due to market adjustments.
On the expense front, FCMB continued to invest in human capital and infrastructure. Personnel expenses rose to N106bn, up from N79.3bn, reflecting strategic hires and staff development programmes. General and administrative expenses increased to N127bn, while net impairment losses on financial instruments rose to N86bn, more than double the N41.2bn in 2024, highlighting proactive risk management amid a dynamic lending environment.
The bank’s total assets grew to N7.54tn,from N7.05tn in 2024, driven by growth in cash and cash equivalents, which rose to N1.3tn, and investment securities, which climbed to N2.06tn. Loans and advances to customers remained robust at N2.29tn, underscoring the group’s commitment to supporting businesses and households across Nigeria.
FCMB’s equity also strengthened to N823bn, up from N689bn in 2024, bolstered by retained earnings and consistent capital management. Basic earnings per share stood at N3.96, compared to N2.46 in 2024, reflecting the substantial growth in profitability for shareholders.
