FCMB Group’s Gross Earnings Soar 40.9% to Record N828.1 Billion in 9M 2025, Fueled by 64.7% Surge in Interest Income

FCMB Group Plc has announced a robust financial performance for the first nine months of the year, posting a significant surge in top-line earnings despite a tough macroeconomic environment. According to its unaudited results filed with the Nigerian Exchange Limited (NGX) on Friday, the Group’s gross revenue soared to N828.1 billion for the period ended September 30, 2025. This marks a substantial 40.9% growth compared to the N587.7 billion recorded in the corresponding period of 2024.

The impressive revenue growth was primarily attributed to a sharp expansion in the Group’s core lending activities, translating to a 64.7% increase in interest income. This performance highlights the banking sector’s ability to benefit from the Central Bank of Nigeria’s (CBN) sustained hawkish monetary policy, which has kept benchmark interest rates high in its fight against inflation. Consequently, Net Interest Income recorded an outstanding growth of 101.9% to reach N350.8 billion.

However, the Group’s results revealed a significant headwind: a 33.8% decline in non-interest income, mainly driven by the evaporation of the massive currency revaluation gains that boosted bank profits in previous years. Nevertheless, the strong core income drove Profit After Tax (PAT) up by 52% year-on-year to N125.4 billion. Additionally, the Group’s digital business, spanning lending, payments, and wealth management, continued to record strong growth, with digital revenues surging by 54% and contributing 13.7% to total gross earnings.

In an update on its ongoing capital raising efforts, the Group affirmed that its core banking subsidiary is on track to meet the CBN’s stringent N500 billion capital target ahead of the March 2026 deadline, with the public offer having been successfully concluded.