FCMB Group Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,073,894	1,005,329	621,804	354,993	219,552	162,042
Interest Paid on Deposits	490,153	499,422	396,504	178,397	97,554	71,128
Net Interest Income	583,740	505,907	225,300	176,596	121,997	90,914
Net Interest Income Growth (YoY)	126.77%	124.55%	27.58%	44.75%	34.19%	0.17%
Income From Trading Activities	21,440	37,792	53,793	9,106	12,866	9,367
Gain (Loss) on Sale of Assets	-966.67	885.25	2,410	39.4	-10.62	514.56
Gain (Loss) on Sale of Investments	-	-	-328.04	-	-	-
Other Non-Interest Income	66,721	67,248	99,910	131,742	40,518	36,809
Total Non-Interest Income	87,195	105,925	155,785	140,888	53,372	46,691
Non-Interest Income Growth (YoY)	-37.70%	-32.01%	10.57%	163.97%	14.31%	23.49%
Revenues Before Loan Losses	670,935	611,832	381,085	317,484	175,370	137,605
Provision for Loan Losses	88,792	81,707	41,240	59,510	24,966	15,238
Revenue	582,143	530,125	339,844	257,974	150,404	122,367
Revenue Growth (YoY)	57.20%	55.99%	31.74%	71.52%	22.91%	14.01%
Salaries and Employee Benefits	110,815	107,182	79,302	49,577	35,615	31,263
Occupancy Expenses	18,427	17,317	13,877	11,174	9,672	8,028
Selling, General & Administrative	129,901	135,343	87,547	63,733	44,757	35,657
Other Non-Interest Expense	68,524	67,924	43,697	29,269	22,784	20,283
Total Non-Interest Expense	326,538	326,578	224,646	153,753	112,828	95,135
EBT Excluding Unusual Items	255,605	203,547	115,198	104,221	37,575	27,231
Legal Settlements	-2,700	-700	-3,410	-2,525	-915	-864.41
Other Unusual Items	-25.93	-746.95	106.91	2,736	-90.17	-3,650
Pretax Income	252,879	202,100	111,895	104,431	36,570	22,717
Income Tax Expense	31,674	24,829	38,558	11,414	5,441	1,800
Earnings From Continuing Operations	221,205	177,271	73,337	93,018	31,129	20,917
Minority Interest in Earnings	-381.52	-256.42	-203.16	-388.3	-227.94	-208.15
Net Income	220,823	177,015	73,134	92,629	30,901	20,709
Preferred Dividends & Other Adjustments	7,466	7,466	7,410	1,641	-	-
Net Income to Common	213,357	169,548	65,725	90,988	30,901	20,709
Net Income Growth	188.33%	142.04%	-21.05%	199.76%	49.22%	6.64%
Basic Shares Outstanding	49,359	42,450	27,639	20,331	19,803	19,803
Diluted Shares Outstanding	49,359	42,450	27,639	20,331	19,803	19,803
Shares Change (YoY)	55.67%	53.59%	35.95%	2.67%	-	-
EPS (Basic)	4.32	3.99	2.38	4.48	1.56	1.05
EPS (Diluted)	4.32	3.99	2.38	4.48	1.56	1.05
EPS Growth	98.12%	67.79%	-46.87%	186.80%	49.22%	6.64%
Dividend Per Share	0.350	0.350	0.550	0.500	0.250	0.200
Dividend Growth	-36.36%	-36.36%	10.00%	100.00%	25.00%	33.33%
Effective Tax Rate	12.53%	12.29%	34.46%	10.93%	14.88%	7.92%