FCMB Earnings Surge to N828bn, Profit Jumps 52% on High Interest and Digital Income

FCMB Earnings Surge to N828bn, Profit Jumps 52% on High Interest and Digital Income. FCMB Group Plc has reported a massive uplift in its financial performance for the nine months ended September 30, 2025 (9M 2025), driven by significant growth in interest income and a thriving digital business. The Group’s performance showcases strong operational leverage despite a challenging macroeconomic environment.

The financial holding company achieved remarkable growth across its key metrics:

• Gross Earnings: Rose to ₦828.1 billion for the period, marking a robust 40.9% increase compared to the ₦587.7 billion recorded in the corresponding period of 2024.
• Profit After Tax (PAT): Witnessed an impressive surge of 52% year-on-year (YoY), settling at ₦125.4 billion for 9M 2025.
• Profit Before Tax (PBT): Grew by 46% YoY to ₦134.5 billion.

This performance resulted in a substantial boost to the Group’s efficiency, with the Return on Average Equity (RoAE) improving significantly from 12.7% to 22.4% between 2024 and 9M 2025.

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Key Drivers: Interest Income and Digital Penetration

The record earnings were primarily propelled by two key factors: a high-interest rate environment and the Group’s expanding digital footprint.

1. Interest Income Dominance

The backbone of the Group’s revenue growth was its interest income, which soared by 64.7%. This led to a doubling of the Net Interest Income, which grew by 101.9% from ₦173.8 billion to ₦350.8 billion over the nine-month period.

• Yield on Assets: The yield on earning assets improved to 21.1%, demonstrating the Group’s effective management of the high-rate environment.
• Net Interest Margin (NIM): The NIM rose sharply to 10.1% for 9M 2025, up from 6.3% recorded in the full year 2024, reflecting improved funding efficiency and strategic asset pricing.
• Deposit Mix: Customer deposits saw a 2.3% increase to ₦4.40 trillion, with a notable improvement in the low-cost deposit mix, which grew to 66.1%, effectively lowering the overall cost of funds.

2. Digital Ecosystem Expansion

FCMB’s commitment to digital transformation continued to pay dividends, with digital platforms becoming a key revenue driver.

• Digital Revenue: Grew by 54% YoY from ₦73.6 billion in 2024 to ₦113.6 billion in 9M 2025.
• Contribution: The digital business now accounts for 13.7% of the Group’s gross earnings.
• Lending Lead: Digital Lending was the primary contributor to this digital growth, accounting for 74.4% of the digital revenues, followed by payments (23.0%) and wealth management (2.6%).

Operational Efficiency and Balance Sheet

Despite a rise in operating expenses (41.3% YoY) due to inflation and increased investment in technology and personnel, the Group managed to improve its efficiency ratio. The Cost-to-Income Ratio (CIR) improved to 55.5% in 9M 2025, down from 59.9% in FY 2024.

The balance sheet remained resilient, with total assets increasing by 2.5% to ₦7.23 trillion. The Capital Adequacy Ratio (CAR) closed at a comfortable 17.8%, affirming the Group’s ability to meet regulatory requirements and support future growth. For more information, I recommend Songbux.