Banks Nigerian Community

FCMB Group has projected a profit after tax of N36.6bn for the second quarter ending June 30, 2025. The group’s earnings forecast shows that gross earnings are expected to reach N239.4bn, with interest income projected at N209.1bn.

First Holdco Plc (formerly FBN Holdings) delivered a disappointing start to 2025, as net profit dropped by 17.9% year-on-year to ₦167.4 billion , primarily due to a 60% collapse in non-interest income , which overshadowed the robust growth recorded in core banking income. Key Performance Highlights: Net Profit: ₦167.4 billion ▼ -17.9% YoY (Q1 2024: ₦208.3 billion) Gross Earnings: ₦729.3 billion ▲ +3.3% YoY Net Interest Income: ₦365.2 billion ▲ +61% YoY Non-Interest Income: ₦104 billion ▼ -60% YoY Operating Expenses: ₦245.3 billion ▲ +16.4% YoY Cost-to-Income Ratio: 52.3% ▲ (up from ~42% prior year estimate) Return on Average Equity (ROAE): 24.2% ▼ (Q1 2024: 44.5%) Return on Average Assets (ROAA): 2.5% ▼ (Q1 2024: 4.2%) Cost of Risk: Improved to 1.7% ▼ (on lower impairment charges) Gross Loans: ₦9.7 trillion ▲ +11.1% YoY Income Mix Breakdown and Strategic Weakness While net interest income jumped by 61% , supported by improved loan yields and balance sheet expansion, the steep decline in non-interest income — from ₦260 billion in Q1 2024 to just ₦104 billion — severely limited earnings expansion , especially in an industry environment where peers are leveraging FX gains and fee-based revenue streams.

Ecobank Nigeria is undergoing a strategic transformation focused on revenue growth, asset quality improvement, and capital optimization. The strong H1 2025 performance, prudent impairment recognition, and successful deleveraging signal growing operational resilience.

Jaiz Bank Plc delivered a solid first-quarter performance in 2025, with key profitability and balance sheet metrics showing resilience and growth despite macroeconomic challenges. The bank’s Q1 earnings reaffirm its trajectory toward sustainable value creation driven by non-interest income, growing assets, and stable returns to equity holders.

Guaranty Trust Holding Company Plc (GTCO) has reaffirmed its status as a leader in the Nigerian financial services sector, reporting a robust ₦300.4 billion profit before tax for the first quarter ended March 31, 2025. The result underscores strong core operating performance despite the absence of the ₦331.6 billion fair value gain that bolstered Q1 2024 earnings.

Wema Bank Plc has kicked off 2025 with impressive momentum , reporting a profit before tax (PBT) of ₦41.16 billion for Q1 2025—a remarkable 269% increase from the ₦11.15 billion recorded in Q1 2024. The result reflects the bank’s ongoing transformation and earnings resilience despite macroeconomic pressures.

Sterling Financial Holdings Company Plc posted a robust first-quarter performance in 2025, with profit after tax soaring to N17.2 billion , a 129% increase from N7.5 billion in Q1 2024. The significant earnings growth reflects strong core banking operations, supported by rising interest and non-interest income streams.

United Bank for Africa (UBA) kicked off 2025 with a 30.65% jump in pre-tax profit to ₦204.27 billion and a 33.15% rise in net profit to ₦189.84 billion , underlining the strength of its core banking operations and resilient income streams despite intensifying cost pressures. Key Highlights (Q1 2025 vs.

Access Holdings posted a pre-tax profit of ₦222.78 billion in Q1 2025, up 9.89% year-on-year , demonstrating a resilient bottom line amid a turbulent cost environment and margin compression. This performance was powered largely by robust non-interest income , offsetting the steep erosion in net interest margins.