FCMB Group Plc reported a strong set of full-year results for the period ended December 31, 2025. The bank recorded a profit after tax of N177bn, more than double the N73.3bn profit it posted in 2024. This result reflects a robust earnings recovery and an expanded revenue base.
The 2025 performance demonstrates a significant shift in FCMB’s income profile. Gross earnings for the period rose to N1.13tn from N794.4bn in the prior year, representing a large year-on-year increase. The advancement was driven primarily by interest income and other core banking revenue.
Interest and discount income surged by roughly 61 per cent, powered by stronger lending activity, and accounted for the largest share of revenue growth. Net interest income moved to N503bn, more than doubling the N225.3bn recorded in 2024. This reflects both higher yields on earning assets and expanded lending volumes.
Non-interest revenue also showed positive contributions to overall profitability. Fee and commission income improved by 29 per cent to N96bn, indicating stronger customer activity and transactional volumes. Additional operating gains further supported revenue, although some market-related volatility affected other income lines during the period.
On the cost side, FCMB continued to invest in strategic priorities. Personnel expenses climbed to N106bn from N79.3bn as the bank expanded its workforce and strengthened its operational capacity. General and administrative costs rose to N127bn, reflecting broader investment in infrastructure and support systems.
As part of prudent risk management, net impairment losses on financial instruments increased to N86bn, more than doubling the previous year’s charge. This rise underscores a disciplined approach to credit risk amid evolving economic conditions.
The bank’s balance sheet also expanded during 2025. Total assets increased to N7.54tn from N7.05tn, supported by higher cash and cash equivalents and investment securities. Loans and advances remained a key component of the asset mix at N2.29tn, highlighting sustained credit support to corporate and consumer customers.
Equity strengthened to N823bn, up from N689bn in 2024, reflecting retained earnings and disciplined capital management. This boost in shareholders’ equity improves the bank’s financial flexibility and capacity to support growth initiatives.
FCMB’s earnings per share also benefited from this expansion, with basic EPS rising to N3.96 from N2.46 in the prior year. This represents a clear improvement in return to shareholders and signals stronger earnings generation capacity.
The results indicate a marked improvement in FCMB’s business momentum. Net interest income growth, in particular, points to the effectiveness of the bank’s core lending strategy in a high-yield environment. Fee-based revenue also contributed to diversifying income streams beyond traditional interest earnings.
Despite rising operating costs and impairment charges, FCMB maintained a disciplined expense framework. Investment in people and infrastructure aligns with long-term strategic goals, while risk provisioning reflects a cautious assessment of credit conditions.
The bank’s asset growth and balance sheet strengthening provide a platform for sustainable performance in 2026. With a larger equity base and broader revenue foundation, the institution is better positioned to absorb market challenges and capitalize on lending opportunities.
Overall, the 2025 results confirm that FCMB has delivered solid financial outcomes by accelerating revenue growth, managing costs strategically, and reinforcing its capital position. The increase in profit after tax and underlying earnings metrics signals durable gains for both the business and its investors.
