FCMB Group Plc has released its unaudited financial results for the nine months ended September 30, 2025, reporting a robust 46% year-on-year growth in Profit Before Tax (PBT) to N134.5 billion. This was disclosed in a statement issued on the NGX on Friday, December 5,
Revenue and Earnings Growth
FCMB posted N828.1 billion in gross revenue, up 40.9% from N587.7 billion recorded in the same period of 2024. The bank attributed the jump to a 64.7% rise in interest income, even as non-interest income dipped by 33.8% following a significant ₦54.6 billion drop in currency revaluation gains.
Net interest income doubled, rising 101.9% to ₦350.8 billion, as yields on earning assets improved to 21.1%, pushing net interest margin to 10.1% up from 6.3% in FY 2024.
Digital Business Maintains Momentum
The Group’s digital operations spanning lending, payments and wealth management remained one of the fastest-growing segments, contributing 13.7% of total earnings.
Digital revenues rose 54% year-on-year, hitting N113.6 billion, with lending accounting for 74.4% of that figure.
Operating expenses grew by 41.3% to N238.9 billion, largely driven by rising personnel expenses, regulatory costs, technology investments and expansion activities.
Asset quality came under moderate pressure as impairment charges rose 28.6% to N57.1 billion, following the exit of CBN’s loan forbearance programme. This saw cost of risk rise from 1.8% to 2.8%.
Total assets increased to N7.23 trillion, while customer deposits rose 2.3% to N4.40 trillion, supported by strong growth in low-cost deposits. Assets under management also climbed 15.9% to N1.59 trillion.
Divisional Performance
All major business divisions, except investment banking, recorded PBT growth:
Consumer Finance: +78.5%
Banking Group: +68.8%
Investment Management: +27.6%
Investment Banking: –34.6% (reflecting a one-off gain in 2024.
The Banking Group contributed the largest share of profits at 83.2%, followed by Consumer Finance (11.6%), Investment Management (4.6%), and Investment Banking (1.3%).
CBN Recapitalisation Compliance
FCMB confirmed it has successfully concluded its public offer and is nearing completion of a minority subsidiary sale, positioning the Group to achieve its N500 billion capital target ahead of the CBN’s March 2026 deadline.
The Group said it expects to sustain its strong financial trajectory into 2026, buoyed by expanding margins, growing customer activity, and scalable digital operations.
