FCMB Group Plc has announced a remarkable profit after tax of N177 billion for the year ended December 31, 2025, marking a 141% rise from the N73.3 billion recorded in 2024. The strong performance highlights the bank’s robust earnings base, fueled by both higher interest income and diversified non-interest revenue streams.
The bank’s gross earnings surged to N1.13 trillion in 2025, up from N794.4 billion the previous year, representing a 42% growth. This boost was largely powered by interest and discount income, which climbed 61% to N1 trillion, reflecting vibrant lending activities across the group. As a result, net interest income more than doubled to N503 billion from N225.3 billion, reinforcing FCMB’s position as one of Nigeria’s leading financial institutions.
Non-interest income also played a crucial role in the bank’s bottom line. Fee and commission income rose by 29% to N96 billion, while net trading and other gains provided additional support, despite some market volatility. Overall, other operating income and gains contributed N28 billion, though lower than the N93.3 billion reported in 2024 due to market adjustments.
On the cost side, FCMB continued strategic investments in human capital and infrastructure. Personnel expenses increased to N106 billion from N79.3 billion, reflecting new hires and staff development initiatives. General and administrative expenses rose to N127 billion, while net impairment losses on financial instruments more than doubled to N86 billion, demonstrating proactive risk management in a dynamic lending environment.
The bank’s total assets expanded to N7.54 trillion from N7.05 trillion in 2024, driven by growth in cash and cash equivalents to N1.3 trillion and investment securities to N2.06 trillion. Loans and advances to customers remained strong at N2.29 trillion, reflecting FCMB’s ongoing commitment to supporting Nigerian businesses and households. Shareholders benefited from these gains, with basic earnings per share rising to N3.96, up from N2.46 in 2024.
source: punch