FCMB Group Income Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	1,002,120	621,804	354,993	219,552	162,042
Interest Paid on Deposits	499,233	396,504	178,397	97,554	71,128
Net Interest Income	502,887	225,300	176,596	121,997	90,914
Net Interest Income Growth (YoY)	123.21%	27.58%	44.75%	34.19%	0.17%
Income From Trading Activities	39,208	53,793	9,106	12,866	9,367
Gain (Loss) on Sale of Assets	-968.38	2,410	39.4	-10.62	514.56
Gain (Loss) on Sale of Investments	-	-328.04	-	-	-
Other Non-Interest Income	64,082	99,910	131,742	40,518	36,809
Total Non-Interest Income	102,322	155,785	140,888	53,372	46,691
Non-Interest Income Growth (YoY)	-34.32%	10.57%	163.97%	14.31%	23.49%
Revenues Before Loan Losses	605,209	381,085	317,484	175,370	137,605
Provision for Loan Losses	86,004	41,240	59,510	24,966	15,238
Revenue	519,205	339,844	257,974	150,404	122,367
Revenue Growth (YoY)	52.78%	31.74%	71.52%	22.91%	14.01%
Salaries and Employee Benefits	105,974	79,302	49,577	35,615	31,263
Occupancy Expenses	17,318	13,877	11,174	9,672	8,028
Selling, General & Administrative	127,018	87,547	63,733	44,757	35,657
Other Non-Interest Expense	66,016	43,697	29,269	22,784	20,283
Total Non-Interest Expense	315,568	224,646	153,753	112,828	95,135
EBT Excluding Unusual Items	203,638	115,198	104,221	37,575	27,231
Legal Settlements	-2,700	-3,410	-2,525	-915	-864.41
Other Unusual Items	-25.93	106.91	2,736	-90.17	-3,650
Pretax Income	200,912	111,895	104,431	36,570	22,717
Income Tax Expense	24,004	38,558	11,414	5,441	1,800
Earnings From Continuing Operations	176,908	73,337	93,018	31,129	20,917
Minority Interest in Earnings	-266.75	-203.16	-388.3	-227.94	-208.15
Net Income	176,642	73,134	92,629	30,901	20,709
Preferred Dividends & Other Adjustments	7,466	7,410	1,641	-	-
Net Income to Common	169,175	65,725	90,988	30,901	20,709
Net Income Growth	141.53%	-21.05%	199.76%	49.22%	6.64%
Basic Shares Outstanding	42,772	26,756	20,331	19,803	19,803
Diluted Shares Outstanding	42,772	26,756	20,331	19,803	19,803
Shares Change (YoY)	59.86%	31.60%	2.67%	-	-
EPS (Basic)	3.96	2.46	4.48	1.56	1.05
EPS (Diluted)	3.96	2.46	4.48	1.56	1.05
EPS Growth	61.02%	-45.11%	186.80%	49.22%	6.64%
Dividend Per Share	-	0.550	0.500	0.250	0.200
Dividend Growth	-	10.00%	100.00%	25.00%	33.33%
Effective Tax Rate	11.95%	34.46%	10.93%	14.88%	7.92%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.