Last Update07 Mar 25Fair value Decreased 6.27%
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.
Interest expenses are estimated at N107.9bn, leaving a net interest income of N101.2bn.
Foreign exchange earnings are forecasted at N3.7bn, securities trading at N3.6bn, and contingent income at N1.2bn. Transaction commissions are expected to generate N18.6bn, while other income is estimated at N3.2bn, bringing net operating income to N131.5bn.
FCMB Group Plc reported a pre-tax profit of N117.2 billion for the year ended December 31, 2024, in a financial report released on the Nigerian Exchange (NGX) on January 30, 2025.
This figure represents a 12.32% increase year-over-year from the N104.4 billion reported in 2023, amid a significant surge in interest and discount income.
Interest and discount income reached N621.5 billion, reflecting a robust 75.08% year-over-year growth from N354.9 billion in the previous year.
Additionally, the group’s gross earnings experienced an increase of 53.93% year-over-year, rising to N794.8 billion compared to N516.3 billion reported for the year 2023.
Key Highlights (2024 vs. 2023):
- Gross earnings: N794.8 billion, +53.93% YoY
- Interest and discount income: N621.5 billion, +75.08% YoY
- Interest expense: N396 billion, +122.02% YoY
- Net interest income: N225.4 billion, +27.66% YoY
- Net fee and commission income: N59.1 billion, +30.17% YoY
- Net trading income: N60.8 billion, +568.48% YoY
- Other income: N3.4 billion, +387.29% YoY
- Personnel expense: N79.3 billion, +60.05% YoY
- General and administrative expense: N86.7 billion, +36.08% YoY
- Pre-tax profit: N117.2 billion, +12.32% YoY
- Post-tax profit: N107.9 billion, +16.05% YoY
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