FCMB Group just dropped its full-year 2025 numbers — and they are not small.
₦202.1 billion in profit before tax. That is an 81% jump from the ₦111.9 billion recorded in 2024.
And if you think that is impressive, wait until you see what Q1 2026 is already doing.
The Headline Numbers at a Glance
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Profit Before Tax | ₦111.9bn | ₦202.1bn | +81% |
| Profit After Tax | ₦73.3bn | ₦177.3bn | +142% |
| Gross Revenue | — | ₦1.13 trillion | +42.5% |
| Total Assets | ₦7.05 trillion | ₦7.63 trillion | +8.2% |
| Return on Equity | — | 23.2% | ↑ |
| Cost-to-Income Ratio | 59.9% | 53.8% | ↓ (better) |
Every single line is moving in the right direction.
Profit after tax nearly tripled. Total assets crossed ₦7.6 trillion. And the cost-to-income ratio — which tells you how efficiently a bank is run — dropped from 59.9% to 53.8%.
Lower is better on that last one. FCMB is doing more with less.
Q1 2026 Is Already on Fire
The 2025 results alone would be a good story. But FCMB did not stop there.
In just the first three months of 2026, profit before tax hit ₦87.0 billion — up 148% compared to the same period last year.
Profit after tax came in at ₦76.5 billion, up 137%.
Gross revenue for Q1 2026 reached ₦320.2 billion, compared to ₦252.7 billion in Q1 2025 — a 26.7% jump in a single quarter.
At this pace, FCMB is on track to comfortably surpass its 2025 full-year numbers before the year is even halfway done.
Every Division Is Winning
This is not a story about one lucky business unit carrying the rest.
Every single division inside FCMB Group posted double-digit growth in 2025.
| Division | 2025 PBT Growth | Q1 2026 PBT Growth |
|---|---|---|
| Banking | +110% | +97% |
| Consumer Finance | +107% | +99% |
| Investment Management | +29% | +54% |
| Investment Banking | +90% | +322% |
That investment banking number in Q1 2026 is extraordinary — 322% growth in a single quarter.
Customers Are Trusting FCMB With More Money
A bank's numbers only look good if customers actually believe in it.
FCMB's current and savings account balances grew ₦420.5 billion in 2025 — a 17% increase.
Then in just Q1 2026, those balances grew a further ₦433.5 billion — another 15%.
That is more growth in three months than most banks see in a year.
Total customer deposits grew 2.8% in 2025 and another 5.8% in Q1 2026. The mix of low-cost deposits improved from 65.4% to 71.1% — meaning FCMB is funding itself more cheaply, which is great for margins.
The Loan Book: Careful but Growing
FCMB is not throwing money at everyone who walks in the door.
Total loans and advances grew a modest 0.4% to ₦2.37 trillion in 2025 — disciplined lending at a time when many Nigerian banks have faced rising bad debts.
But where FCMB is leaning in hard is consumer and SME lending, which jumped 24% to ₦930 billion.
That is a deliberate bet on everyday Nigerians and small businesses — and it is paying off.
Assets Under Management Cross ₦1.88 Trillion
FCMB's wealth management arm is quietly becoming a powerhouse.
Assets under management grew 24.2% to ₦1.70 trillion in 2025. By March 2026, that figure had already climbed to ₦1.88 trillion — up another 10.1% in just three months.
FCMB Pensions and FCMB Asset Management are gaining market share. Steadily. Quietly. Consistently.
Capital Position Is Solid
Total equity jumped 21.4% to ₦835.4 billion at the end of 2025.
By March 2026, equity had surged further to ₦1.14 trillion — up 36.5% — boosted by retained earnings and proceeds from FCMB's 2025 public offer.
The Group's capital adequacy ratio stood at 26.95% as of March 2026.
That is a very comfortable buffer. Regulators typically require Nigerian banks to hold a minimum of 15%. FCMB is sitting nearly 12 percentage points above that line.
What the CEO Said
Group Chief Executive Ladi Balogun kept it straightforward.
"These results reflect the strength of our diversified business model and disciplined execution," he said.
"We grew earnings, improved efficiency and strengthened our balance sheet while continuing to support customers and create value for shareholders."
Just results.
Dividend for Shareholders
FCMB Group proposed a dividend of 35 kobo per share.
It is not the biggest payout in Nigerian banking history — but it signals confidence in the Group's financial position and its ability to keep rewarding investors while still investing in growth.
What This Means for You
If you hold FCMB stock on the NGX, these numbers should give you comfort.
If you bank with FCMB, the growth in customer deposits and SME lending means the bank is expanding its ability to serve you.
And if you are watching the Nigerian banking sector as an investor, FCMB is now making a very strong case that it belongs in the conversation with the biggest names on the exchange.
For more on how Nigerian banks are performing and where to put your money, check out our guide on FCMB business financing for female founders and our breakdown of Sterling Bank Nigeria investment options.
Financial data sourced directly from FCMB Group Plc's audited 2025 full-year results and unaudited Q1 2026 results, as published on the Nigerian Exchange (NGX). Additional context from Bloomberg and Reuters.
— WealthBlueprint NewsDesk