FCMB Group Plc forecasts a post-tax profit of ₦62.5 billion for Q1 2026.
If achieved, this figure represents a 94% increase from ₦32.2 billion reported in Q1 2025.
Historically, the bank consistently exceeds its profit forecasts.
FCMB Eyes ₦62.5B Q1 Profit
In Q1 2025, it projected ₦31.2 billion but earned ₦940.2 million more.
Similarly, Q2 2025 forecast ₦36.6 billion, yet FCMB posted ₦41.1 billion.
Then, Q3 2025 predicted ₦39.3 billion, but the bank achieved ₦52 billion.
Given this trend, FCMB could again surpass its Q1 2026 target.
Nine-month pre-tax profit rose 46% to ₦134.4 billion.
Profit Driven By Loans And Interest
Interest income mainly drove the profit surge, climbing 64% to ₦734.1 billion.
Loans and advances grew 46% to ₦464 billion, making up 63% of total interest.
Interest costs increased 41% to ₦383.2 billion, driven by rising customer deposit costs.
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Customer deposits themselves rose 19% year-on-year to ₦255.6 billion.
The bank expanded its deposit base by ₦99.27 billion to ₦4.4 trillion.
Net interest income jumped 102% to ₦350.83 billion.
Net fees and commissions climbed to ₦56.1 billion from ₦41.4 billion.
After accounting for ₦57.12 billion in impairments and operating expenses, operating profit grew 46% to ₦134.2 billion.
Strong Assets And Shareholder Growth
FCMB grew total assets 2.52% to ₦7.23 trillion, supported largely by customer deposits.
Loans and advances account for 32% of assets, while investments in securities make up 21%.
Securities represent 34% of customer deposits, and cash and equivalents cover 22% of assets.
Shareholders’ funds rose ₦116.95 billion, aided by increased share premium and capital.
Retained earnings jumped to ₦291.9 billion from ₦188.4 billion in December 2024.
Year-to-date, FCMB delivered over 14% return to investors, trading at ₦10.75 on the Nigerian Exchange.
