FCMB Posts Robust N134.5 Billion 9M Profit as Earnings Surge
FCMB Group PLC on Friday announced a robust profit before tax (PBT) of ₦134.5 billion for the nine ‑month period ended 30 September 2025, representing a 46 per cent year‑on‑year growth.
The impressive results were underpinned by a strong increase in gross revenue — rising to ₦828.1 billion from ₦587.7 billion in the same period last year. This growth was primarily driven by a 64.7 per cent rise in interest income.
Net interest income more than doubled, climbing from ₦173.8 billion to ₦350.8 billion, which helped push up the net interest margin to 10.1 per cent from 6.3 per cent at the end of 2024.
At the same time, the bank’s digital operations spanning lending, payments and wealth management continued to scale rapidly: digital revenue surged 54 per cent year‑on‑year to ₦113.6 billion, accounting for roughly 13.7 per cent of total gross earnings.
On the flip side, non‑interest income declined due to a ₦54.6 billion drop in currency revaluation gains, while operating expenses rose by 41.3 per cent. Still, FCMB managed to improve its cost-to-income ratio to 55.5 per cent.
By the end of September 2025, total assets stood at ₦7.23 trillion and return on average equity (ROAE) climbed to 22.4 per cent (from 12.7 per cent). Earnings per share (EPS) rose to ₦3.91, up from ₦2.46 in full‑year 2024.
Overall, FCMB’s 9‑month performance signals a sustained rebound in core banking operations, supported by strong interest income, growing digital business and disciplined cost management — positioning the bank favourably for full‑year 2025.
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