Prime Business Africa
In the first nine months of 2025, FCMB generated N828.12 billion in gross earnings, exceeding the N587.77 billion recorded in the corresponding period in 2024, representing a 40.89 percent increase.
FCMB announced the turnover growth in its unaudited consolidated and separate financial statements for the period ended September 30, 2025, which showed interest and discount income rose by 64.67 percent year-on-year, from N445.78 billion to N734.10 billion.
Join our WhatsApp ChannelThe company also said interest expense gulped N383.27 billion between January and September 2025, rising by 40.91 percent compared to the N271.99 billion expended in the same period in 2024.
Also, net interest income grew by 101.85 percent to N350.82 billion between the first quarter (Q1) and the third quarter (Q3) of this year, surpassing the previous year’s N173.79 billion.
The company added that it recorded N70.75 billion as fee and commission income in the first nine months of 2025, exceeding the N51.84 billion reported in the corresponding period last year, indicating a growth of 36.46 percent.
In the same vein, fee and commission expense increased by 40.19 percent year-on-year, from N10.39 billion to N14.56 billion.
Regardless, the company’s net fee and commission income grew by 35.53 percent to N56.19 billion between January and September of this year, above the N41.45 billion recorded during the period under review last year.
However, net trading income of the financial institution decreased by 18.40 percent year-on-year, from N18.46 billion to N15.06 billion.
The earnings report also showed that FCMB’s profit before tax (PBT) was N134,49 billion between Q1 and Q3 2025, compared to the previous year’s N91.83 billion PBT, representing a 46.46 percent increase.
Also, tax expense decreased by 4.13 percent to N9.04 billion in the first nine months of this year, below the N9.43 billion recorded in the same period in 2024.
FCMB added that profit after tax (PAT) was N125.45 billion between January and September 2025, compared to the N82.39 billion notched up in 2024, reflecting a 52.25 percent growth.
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