FCMB Doubles 2025 Profit, Fueled by Interest Income, Digital Transformation

FCMB Doubles 2025 Profit, Fueled by Interest Income, Digital Transformation

First City Monument Bank (FCMB) Group Plc, more than doubled profit to end the year 2025, driven by a surge in interest income as digital transformation continues to power scale and efficiency.

This impressive performance as well as the Bank’s preparedness to meet the recapitalization deadline underpins investors’ confidence in the lender’s ability to strengthen its balance sheet so that it can withstand macroeconomic shocks.

For the year ended December 2025, FCMB Group’s profit after tax (PAT) surged by 141.23 percent to N176.90 billion from N73.33 billion as at December 2024.

The growth in profit was largely driven by a 61.03 percent increase in interest income in loans and similar charges to N1 trillion as at December 2025, as a high interest rate environment continues to support earnings.

Net interest income followed the same growth trajectory as it was up 123.20 percent to N502.88 billion in the period under review from N225.30 billion the previous year.

Net interest income is defined as the difference between interest revenues and interest expenses. Interest revenues are payments that the bank receives from their interest-bearing assets, and interest expenses are the cost of servicing interest payments to customers on their deposits.

FCMB Group has been growing revenue from digitally originated loans, which demonstrates the scalability, cost- efficiency, and embedded resilience of our digital-first operating model.

It maintains strong liquidity buffers throughout the period, ensuring uninterrupted loan disbursements, continuous customer onboarding, and efficient funding alignment to support the pace of growth.