FCMB Group Plc (NGX: FCMB)

FCMB Group Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	475,131	354,993	219,552	162,042	151,023	137,447
Interest Paid on Deposits	264,660	178,397	97,554	71,128	60,266	61,471
Net Interest Income	210,470	176,596	121,997	90,914	90,758	75,976
Net Interest Income Growth (YoY)	56.90%	44.75%	34.19%	0.17%	19.45%	4.69%
Income From Trading Activities	32,262	9,106	12,866	9,367	7,118	6,904
Gain (Loss) on Sale of Assets	22.54	39.4	-10.62	514.56	-993.6	115.21
Gain (Loss) on Sale of Investments	-	-	-	-	-	1.32
Other Non-Interest Income	119,165	131,742	40,518	36,809	31,684	27,781
Total Non-Interest Income	151,450	140,888	53,372	46,691	37,808	34,802
Non-Interest Income Growth (YoY)	32.96%	163.97%	14.31%	23.50%	8.64%	-11.23%
Revenues Before Loan Losses	361,920	317,484	175,370	137,605	128,566	110,779
Provision for Loan Losses	43,770	59,510	24,966	15,238	21,240	13,748
Revenue	318,150	257,974	150,404	122,367	107,326	97,031
Revenue Growth (YoY)	70.41%	71.52%	22.91%	14.01%	10.61%	-0.65%
Salaries and Employee Benefits	64,375	49,577	35,615	31,263	29,519	29,603
Occupancy Expenses	12,353	11,174	9,672	8,028	7,574	6,713
Selling, General & Administrative	74,493	63,733	44,757	35,657	30,475	31,893
Other Non-Interest Expense	36,649	29,269	22,784	20,283	15,999	14,936
Total Non-Interest Expense	187,870	153,753	112,828	95,135	83,568	83,145
EBT Excluding Unusual Items	130,280	104,221	37,575	27,231	23,758	13,885
Legal Settlements	-2,606	-2,525	-915	-864.41	-719.41	6,457
Other Unusual Items	2,736	2,736	-90.17	-3,650	-1,127	-212.26
Pretax Income	130,410	104,431	36,570	22,717	21,912	20,130
Income Tax Expense	13,319	11,414	5,441	1,800	2,301	2,793
Earnings From Continuing Operations	117,091	93,018	31,129	20,917	19,610	17,337
Minority Interest in Earnings	-350.19	-388.3	-227.94	-208.15	-190.79	-77.28
Net Income	116,741	92,629	30,901	20,709	19,420	17,260
Net Income to Common	116,741	92,629	30,901	20,709	19,420	17,260
Net Income Growth	121.85%	199.76%	49.22%	6.64%	12.51%	15.95%
Basic Shares Outstanding	19,803	19,803	19,803	19,803	19,803	19,803
Diluted Shares Outstanding	19,803	19,803	19,803	19,803	19,803	19,803
EPS (Basic)	5.90	4.68	1.56	1.05	0.98	0.87
EPS (Diluted)	5.90	4.68	1.56	1.05	0.98	0.87
EPS Growth	121.85%	199.76%	49.22%	6.64%	12.72%	15.74%
Dividend Per Share	0.500	0.500	0.250	0.200	0.150	0.140
Dividend Growth	100.00%	100.00%	25.00%	33.33%	7.14%	0%
Effective Tax Rate	10.21%	10.93%	14.88%	7.92%	10.50%	13.88%

Source: S&P Capital IQ. Banks template. Financial Sources.