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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	561,730	354,993	219,552	162,042	151,023	137,447
Interest Paid on Deposits	331,807	178,397	97,554	71,128	60,266	61,471
Net Interest Income	229,923	176,596	121,997	90,914	90,758	75,976
Net Interest Income Growth (YoY)	53.88%	44.75%	34.19%	0.17%	19.45%	4.69%
Income From Trading Activities	49,613	9,106	12,866	9,367	7,118	6,904
Gain (Loss) on Sale of Assets	20.69	39.4	-10.62	514.56	-993.6	115.21
Gain (Loss) on Sale of Investments	-	-	-	-	-	1.32
Other Non-Interest Income	119,693	131,742	40,518	36,809	31,684	27,781
Total Non-Interest Income	169,327	140,888	53,372	46,691	37,808	34,802
Non-Interest Income Growth (YoY)	43.85%	163.97%	14.31%	23.50%	8.64%	-11.23%
Revenues Before Loan Losses	399,251	317,484	175,370	137,605	128,566	110,779
Provision for Loan Losses	46,953	59,510	24,966	15,238	21,240	13,748
Revenue	352,298	257,974	150,404	122,367	107,326	97,031
Revenue Growth (YoY)	72.80%	71.52%	22.91%	14.01%	10.61%	-0.65%
Salaries and Employee Benefits	72,102	49,577	35,615	31,263	29,519	29,603
Occupancy Expenses	13,139	11,174	9,672	8,028	7,574	6,713
Selling, General & Administrative	84,741	63,733	44,757	35,657	30,475	31,893
Other Non-Interest Expense	41,033	29,269	22,784	20,283	15,999	14,936
Total Non-Interest Expense	211,016	153,753	112,828	95,135	83,568	83,145
EBT Excluding Unusual Items	141,282	104,221	37,575	27,231	23,758	13,885
Legal Settlements	-2,966	-2,525	-915	-864.41	-719.41	6,457
Other Unusual Items	2,806	2,736	-90.17	-3,650	-1,127	-212.26
Pretax Income	141,122	104,431	36,570	22,717	21,912	20,130
Income Tax Expense	14,863	11,414	5,441	1,800	2,301	2,793
Earnings From Continuing Operations	126,260	93,018	31,129	20,917	19,610	17,337
Minority Interest in Earnings	-292.13	-388.3	-227.94	-208.15	-190.79	-77.28
Net Income	125,968	92,629	30,901	20,709	19,420	17,260
Net Income to Common	125,968	92,629	30,901	20,709	19,420	17,260
Net Income Growth	120.17%	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)	6.36	4.68	1.56	1.05	0.98	0.87
EPS (Diluted)	6.36	4.68	1.56	1.05	0.98	0.87
EPS Growth	120.17%	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	10.53%	10.93%	14.88%	7.92%	10.50%	13.88%

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