Income Statement FCMB Group Plc

Stocks

FCMB

NGFCMB000005

Banks

End-of-day quote Nigerian S.E. Other stock markets 2026-07-27			5-day change	1st Jan Change
12.00 ^NGN	0.00%		+1.69%	-0.41%

07-27	FCMB Group Plc Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI
06-17	FCMB Group Plc, 2025 Earnings Call, Jun 16, 2026

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Published financial data: FCMB GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Interest Income On Loans	162B	220B	355B	622B	1,005B
Interest Income, Total	162B	220B	355B	622B	1,005B
Interest On Deposits	71.13B	97.55B	178B	397B	499B
Interest Expense, Total	71.13B	97.55B	178B	397B	499B
Net Interest Income	90.91B	122B	177B	225B	506B
Income From Trading Activities	9.37B	12.87B	9.11B	53.79B	37.79B
Gain (Loss) on Sale of Assets	515M	-10.62M	39.4M	2.41B	885M
Gain (Loss) on Sale of Invest. & Securities - (Rev)	-	-	-	-328M	-
Total Other Non Interest Income	36.81B	40.52B	132B	99.91B	67.25B
Non Interest Income, Total	46.69B	53.37B	141B	156B	106B
Revenues Before Provison For Loan Losses	138B	175B	317B	381B	612B
Provision For Loan Losses	15.24B	24.97B	59.51B	41.24B	81.71B
Total Revenues	122B	150B	258B	340B	530B
Salaries And Other Employee Benefits	31.26B	35.61B	49.58B	79.3B	107B
Occupancy Expense	8.03B	9.67B	11.17B	13.88B	17.32B
Selling General & Admin Expenses, Total	35.66B	44.76B	63.73B	87.55B	135B
(Income) Loss on Equity Invest.	-95.38M	-	-	223M	-1.19B
Total Other Non Interest Expense	20.28B	22.77B	29.27B	43.7B	67.92B
Non Interest Expense, Total	95.14B	113B	154B	225B	327B
EBT, Excl. Unusual Items	27.23B	37.59B	104B	115B	204B
Total Merger & Related Restructuring Charges	-	-15.6M	-	-	-
Impairment of Goodwill	-	-	-	-	-
Legal Settlements	-864M	-915M	-2.52B	-3.41B	-700M
Other Unusual Items	-3.65B	-90.17M	2.74B	107M	-747M
EBT, Incl. Unusual Items	22.72B	36.57B	104B	112B	202B
Income Tax Expense	1.8B	5.44B	11.41B	38.56B	24.83B
Earnings From Continuing Operations	20.92B	31.13B	93.02B	73.34B	177B
Net Income to Company	20.92B	31.13B	93.02B	73.34B	177B
Minority Interest	-208M	-228M	-388M	-203M	-256M
Net Income - (IS)	20.71B	30.9B	92.63B	73.13B	177B
Preferred Dividend and Other Adjustments	-	-	-	7.41B	7.47B
Net Income to Common Incl Extra Items	20.71B	30.9B	92.63B	65.72B	170B
Net Income to Common Excl. Extra Items	20.71B	30.9B	92.63B	65.72B	170B
Per Share Items
Net EPS - Basic	1.05	1.56	4.68	2.46	3.99
Basic EPS - Continuing Operations	1.05	1.56	4.68	2.46	3.99
Basic Weighted Average Shares Outstanding	19.8B	19.8B	19.8B	26.76B	42.45B
Net EPS - Diluted	1.05	1.56	4.68	2.46	3.99
Diluted EPS - Continuing Operations	1.05	1.56	4.68	2.46	3.99
Diluted Weighted Average Shares Outstanding	19.8B	19.8B	19.8B	26.76B	42.45B
Normalized Basic EPS	0.85	1.17	3.27	2.68	2.99
Normalized Diluted EPS	0.85	1.17	3.27	2.68	2.99
Dividend Per Share	0.2	0.25	0.5	0.55	0.35
Payout Ratio	14.34	12.82	7.12	23.67	16.52
American Depositary Receipts Ratio (ADR)	100	100	100	100	100
Supplemental Items
Effective Tax Rate - (Ratio)	7.92	14.88	10.93	34.46	12.29
Total Current Taxes	2.7B	4.2B	7.85B	17.73B	15.81B
Total Deferred Taxes	-1.11B	711M	2.3B	2.53B	-3.29B
Normalized Net Income	16.81B	23.27B	64.75B	71.8B	127B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	363B	247B	579B	795B	1,299B
Investment Securities, Total	393B	571B	799B	1,195B	2,038B
Trading Asset Securities, Total	27.49B	115B	168B	609B	444B
Total investments	421B	686B	967B	1,804B	2,482B
Gross Loans	1,115B	1,248B	1,930B	2,486B	2,476B
Allowance For Loan Losses	-49.57B	-51.11B	-88.06B	-128B	-110B
Other Adjustments to Gross Loans	-1.4B	-1.06B	-540M	-787M	-709M
Net Loans	1,064B	1,196B	1,842B	2,357B	2,366B
Gross Property Plant And Equipment	101B	107B	91.59B	101B	119B
Accumulated Depreciation	-54.41B	-56.5B	-37.45B	-45.39B	-56.08B
Net Property Plant And Equipment	47.08B	50.97B	54.13B	55.99B	63.36B
Goodwill	11.34B	19.29B	19.29B	19.29B	19.29B
Other Intangibles, Total	5.82B	10.35B	11.97B	17.05B	20.97B
Other Receivables	-	9.6B	-	55.56B	-
Restricted Cash	-	162B	-	-	-
Other Current Assets, Total	44.51B	42.5B	82.88B	98.64B	41.77B
Deferred Tax Assets Long-Term (Collected)	9.16B	8.42B	8B	8.19B	9.35B
Other Long-Term Assets, Total	528B	551B	860B	1,843B	1,330B
Total Assets	2,493B	2,983B	4,424B	7,054B	7,631B
Liabilities
Accounts Payable, Total	22.27B	23.67B	25.26B	17.63B	28.68B
Accrued Expenses, Total	4.36B	8.6B	22.8B	30.7B	48.64B
Interest Bearing Deposits	1,044B	1,354B	2,197B	3,703B	3,857B
Non-Interest Bearing Deposits	671B	715B	1,166B	1,428B	1,572B
Total Deposits	1,715B	2,069B	3,363B	5,131B	5,429B
Short-Term Borrowings	17.26B	27.17B	998M	2.61B	609M
Current Portion of Long-Term Debt	21.87B	105B	30.84B	209B	286B
Current Portion of Leases	-	-	404M	909M	1.06B
Long-Term Debt	278B	292B	296B	554B	519B
Long-Term Leases	2.62B	2.43B	1.38B	2.06B	1.7B
Current Income Taxes Payable	5.45B	7.18B	11.3B	38.23B	36.96B
Other Current Liabilities - (Bank / Utility Template)	165B	153B	187B	343B	411B
Unearned Revenue Non Current	650M	2.54B	1.21B	1.47B	2.65B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non-Current	309M	392M	2.35B	4.74B	1.61B
Other Non Current Liabilities	16.29B	15.64B	18.33B	29.21B	27.59B
Total Liabilities	2,249B	2,707B	3,961B	6,365B	6,795B
Common Stock, Total	9.9B	9.9B	9.9B	19.8B	21.39B
Additional Paid In Capital	115B	115B	162B	293B	314B
Retained Earnings	88.49B	115B	201B	256B	404B
Comprehensive Income and Other	29.44B	34.18B	88.33B	119B	95.55B
Total Common Equity	243B	275B	461B	688B	835B
Minority Interest	581M	978M	1.67B	811M	981M
Total Equity	244B	276B	463B	689B	836B
Total Liabilities And Equity	2,493B	2,983B	4,424B	7,054B	7,631B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	19.8B	19.8B	19.8B	39.61B	42.77B
ECS Total Common Shares Outstanding	19.8B	19.8B	19.8B	39.61B	42.77B
Book Value / Share	12.28	13.88	23.28	17.38	19.53
Tangible Book Value	226B	245B	430B	652B	795B
Tangible Book Value Per Share	11.42	12.39	21.7	16.46	18.59
Total Debt	320B	426B	330B	769B	809B
Deposits at Interest - Cash	94.32B	54.15B	168B	27.32B	96.68B
Net Debt	-70.51B	63.72B	-417B	-635B	-934B
Equity Method Investments, Total	6.81B	-	-	1.74B	2.13B
Full Time Employees	3.36K	3.34K	3.55K	3.8K	4.93K
Number Of Offices	205	205	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	20.71B	30.9B	93.02B	73.13B	177B
Depreciation, Depletion & Amortization	6.46B	7.67B	8.08B	10.07B	11.9B
Amortization of Goodwill and Intangible Assets - (CF)	-	82.22M	98.66M	98.66M	98.66M
Total Depreciation, Depletion & Amortization	6.46B	7.75B	8.18B	10.17B	12B
Amortization of Deferred Charges, Total	1.56B	2.01B	3.09B	3.81B	5.41B
(Gain) Loss On Sale of Asset - (CF)	-515M	10.62M	-39.4M	-2.41B	-885M
(Gain) Loss on Sale of Investments - (CF)	1.82B	7.06B	11.94B	-26.2B	-19.56B
Total Asset Writedown	-	-	14.97M	217K	135K
Restructuring Activities	3.56B	-32.92M	-3.64B	-1.33B	721M
Provision for Credit Losses	9.56B	16.86B	48.2B	33.96B	78.08B
(Income) Loss On Equity Investments - (CF)	-95.38M	-	-	223M	-1.19B
Change in Trading Asset Securities	-30.35B	-121B	-11.06B	-182B	-146B
Change in Other Net Operating Assets (Collected)	-114B	-232B	-1,038B	-1,298B	1,291B
Other Operating Activities	-8.26B	-12.56B	-53.73B	41.66B	-16.43B
Cash from Operations	-109B	-301B	-942B	-1,348B	1,380B
Capital Expenditure	-6.09B	-11.39B	-11.6B	-9.42B	-17.83B
Sale of Property, Plant, and Equipment	199M	34.29M	1.04B	2.3B	1.03B
Cash Acquisitions	-	-2.54B	-	-	-
Divestitures	-	-	-	-2.07B	-
Purchase / Sale of Intangible Assets	-2.4B	-4.98B	-4.54B	-13.5B	-44.14B
Sale (Purchase) of Real Estate Properties (Collected)	-	-	-167K	-	-401K
Investment in Marketable and Equity Securities, Total	6.91B	-170B	-208B	-692B	-986B
Other Investing Activities, Total	-1K	-	-1.37B	6.37B	-3.22B
Cash from Investing	-1.38B	-189B	-224B	-708B	-1,050B
Long-Term Debt Issued, Total	64.89B	31.56B	24.39B	219B	157B
Total Debt Issued	64.89B	31.56B	24.39B	219B	157B
Long-Term Debt Repaid, Total	-169B	-23.72B	-45.41B	-63.12B	-204B
Total Debt Repaid	-169B	-23.72B	-45.41B	-63.12B	-204B
Issuance of Common Stock	-	-	46.69B	145B	22.73B
Common Dividends Paid	-2.97B	-3.96B	-6.59B	-17.31B	-29.25B
Common & Preferred Stock Dividends Paid	-2.97B	-3.96B	-6.59B	-17.31B	-29.25B
Net Increase (Decrease) in Deposit Accounts - (CF)	339B	354B	1,294B	1,768B	297B
Other Financing Activities, Total	5.69B	-34.88M	-13.23B	-14.8B	6.44B
Cash from Financing	237B	358B	1,300B	2,036B	250B
Foreign Exchange Rate Adjustments	14.88B	16.65B	198B	235B	-76.25B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	142B	-115B	332B	216B	504B
Supplemental Items
Cash Interest Paid	73.81B	104B	202B	437B	490B
Cash Income Tax Paid (Refund)	1.85B	2.96B	5.38B	9.11B	28.42B
Net Debt Issued / Repaid	-104B	7.84B	-21.02B	156B	-47.52B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	0.92	1.14	2.51	1.28	2.41
Return On Equity %	8.88	11.98	25.19	12.74	23.24
Return on Common Equity	8.81	11.93	25.18	11.44	22.26
Shareholders Value Added	-7.49B	-94.84M	48.58B	4.29B	85.7B
Margin Analysis
SG&A Margin	60.44	59.25	47.84	52.67	48.54
Net Interest Income / Total Revenues %	74.3	81.11	68.46	66.3	95.43
EBT Excl. Non-Recurring Items Margin %	22.25	24.99	40.4	33.9	38.4
Income From Continuing Operations Margin %	17.09	20.7	36.06	21.58	33.44
Net Income Margin %	16.92	20.55	35.91	21.52	33.39
Net Avail. For Common Margin %	16.92	20.55	35.91	19.34	31.98
Normalized Net Income Margin	13.74	15.47	25.1	21.13	23.95
Asset quality
Nonperforming Loans / Total Loans %	4.12	3.97	4.33	5.95	5.09
Nonperforming Loans / Total Assets %	1.84	1.66	1.89	2.1	1.65
Nonperforming Assets / Total Assets %	1.84	1.66	1.89	2.1	1.65
NPAs / Loans and OREO	4.12	3.97	4.33	5.95	5.09
NPAs / Equity	18.84	17.94	18.06	21.48	15.06
Allowance for Credit Losses / Net Charge-offs %	660.24	301.48	291.33	950.12	124.17
Allowance for Credit Losses / Nonperforming Loans %	107.92	103.25	105.43	86.34	87.16
Allowance for Credit Losses / Total Loans %	4.45	4.1	4.56	5.14	4.43
Provision for Loan Losses / Net Charge-offs %	202.97	147.26	196.87	306.68	92.41
Capital And Funding
Total Average Common Equity / Total Average Assets %	10.33	9.46	9.93	10.01	10.38
Total Average Equity / Total Average Assets %	10.35	9.49	9.97	10.03	10.39
Total Equity + Allowance for Loan Losses / Total Loans %	26.27	26.13	28.44	32.82	38.17
Gross Loans / Total Deposits %	64.98	60.3	57.39	48.44	45.61
Net Loans / Total Deposits %	62.01	57.78	54.75	45.94	43.58
Tier 1 Capital Ratio %	11.53	12.02	11.45	13.39	14.27
Total Capital Ratio %	15.37	16.03	15.26	17.86	17.91
Tier 2 Capital Ratio	5.14	5.07	7.46	6.99	3.63
Coverage Ratio	107.92	103.25	105.43	86.34	87.16
Interbank Ratio	90.67	68.01	84.19	60.58	149.08
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.32	1.37	1.59	1.28	1.4
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	0.17	34.19	44.75	27.58	124.55
Non Interest Income, 1 Yr. Growth %	23.5	14.31	163.97	10.57	-32.01
Provision For Loan Losses, 1 Yr. Growth %	-28.26	63.84	138.36	-30.7	98.12
Total Revenues, 1 Yr. Growth %	14.01	22.91	71.52	31.74	55.99
Earnings From Cont. Operations, 1 Yr. Growth %	6.66	48.82	198.82	-21.16	141.72
Net Income, 1 Yr. Growth %	6.64	49.22	199.76	-21.05	142.04
Normalized Net Income, 1 Yr. Growth %	14.69	38.4	178.41	10.88	76.84
Diluted EPS Before Extra, 1 Yr. Growth %	6.64	49.22	199.76	-45.11	67.79
Dividend Per Share, 1 Yr. Growth %	33.33	25	100	10	-36.36
Gross Loans, 1 Yr. Growth %	27.81	11.95	54.68	28.79	-0.39
Allowance For Loan Losses, 1 Yr. Growth %	6.57	3.12	72.29	45.09	-14.08
Net Loans, 1 Yr. Growth %	29.27	12.41	54.02	28.01	0.36
Non Performing Loans, 1 Yr. Growth %	60.79	7.77	68.74	77.16	-14.89
Non Performing Assets, 1 Yr. Growth %	60.79	7.77	68.74	77.16	-14.89
Total Assets, 1 Yr. Growth %	21.12	19.65	48.3	59.46	8.18
Total Deposits, 1 Yr Growth %	24.6	20.65	62.54	52.56	5.8
Tangible Book Value, 1 Yr. Growth %	7.44	8.49	75.19	51.7	21.99
Common Equity, 1 Yr. Growth %	7.27	13.02	67.68	49.29	21.4
Total Equity, 1 Yr. Growth %	7.35	13.16	67.69	48.93	21.4
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	9.39	15.94	39.37	35.9	69.26
Non Interest Income, 2 Yr. CAGR %	15.83	18.81	73.71	70.85	-13.29
Provision For Loan Losses, 2 Yr. CAGR %	5.28	8.42	97.62	28.52	17.17
Total Revenues, 2 Yr. CAGR %	12.3	18.38	45.2	50.32	43.35
Earnings From Cont. Operations, 2 Yr. CAGR %	9.84	25.99	110.88	53.49	38.05
Net Income, 2 Yr. CAGR %	9.54	26.14	111.49	53.84	38.24
Normalized Net Income, 2 Yr. CAGR %	39.81	25.99	96.25	75.7	40.03
Diluted EPS Before Extra, 2 Yr. CAGR %	9.64	26.14	111.49	25.47	-5.58
Dividend Per Share, 2 Yr. CAGR %	19.52	29.1	58.11	48.32	-16.33
Gross Loans, 2 Yr. CAGR %	21.03	19.62	31.6	41.15	13.27
Allowance For Loan Losses, 2 Yr. CAGR %	13.45	4.83	33.29	58.11	11.65
Net Loans, 2 Yr. CAGR %	21.89	20.55	31.58	40.41	13.34
Non Performing Loans, 2 Yr. CAGR %	28.81	31.64	34.85	72.9	22.79
Non Performing Assets, 2 Yr. CAGR %	28.81	31.64	34.85	72.9	22.79
Total Assets, 2 Yr. CAGR %	22.24	20.38	33.21	53.78	31.34
Total Deposits, 2 Yr CAGR %	28.85	22.61	40.04	57.47	27.05
Tangible Book Value, 2 Yr. CAGR %	10.6	7.96	37.87	63.02	36.04
Common Equity, 2 Yr. CAGR %	10.16	10.11	37.67	58.22	34.63
Total Equity, 2 Yr. CAGR %	10.23	10.21	37.75	58.03	34.46
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	7.8	17.1	24.84	35.32	60.66
Non Interest Income, 3 Yr. CAGR %	6	15.32	55.04	49.43	25.67
Provision For Loan Losses, 3 Yr. CAGR %	2.59	22	40.98	39.36	48.47
Total Revenues, 3 Yr. CAGR %	7.8	15.73	33.95	40.56	52.19
Earnings From Cont. Operations, 3 Yr. CAGR %	11.79	21.54	68.02	51.92	78.58
Net Income, 3 Yr. CAGR %	11.63	21.43	68.33	52.28	78.93
Normalized Net Income, 3 Yr. CAGR %	3.7	39.33	64.08	62.24	76.08
Diluted EPS Before Extra, 3 Yr. CAGR %	11.63	21.5	68.33	32.93	36.74
Dividend Per Share, 3 Yr. CAGR %	12.62	21.32	49.38	40.1	11.87
Gross Loans, 3 Yr. CAGR %	17.47	17.93	30.32	30.65	25.66
Allowance For Loan Losses, 3 Yr. CAGR %	0.87	9.9	23.71	37.11	29.02
Net Loans, 3 Yr. CAGR %	18.88	18.65	30.81	30.38	25.54
Non Performing Loans, 3 Yr. CAGR %	4.55	21.37	43	47.69	36.52
Non Performing Assets, 3 Yr. CAGR %	4.55	21.37	43	47.69	36.52
Total Assets, 3 Yr. CAGR %	20.32	21.37	29.05	41.44	36.76
Total Deposits, 3 Yr CAGR %	25.83	26.05	34.69	44.09	37.92
Tangible Book Value, 3 Yr. CAGR %	10.43	9.89	26.87	42.33	48
Common Equity, 3 Yr. CAGR %	9.91	11.11	26.68	41.44	44.85
Total Equity, 3 Yr. CAGR %	9.95	11.19	26.76	41.38	44.73
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	5.51	11.58	19.47	24.28	41.01
Non Interest Income, 5 Yr. CAGR %	-0.44	10.69	29.15	34.95	22.88
Provision For Loan Losses, 5 Yr. CAGR %	-15.52	1.95	33.35	24.57	30.92
Total Revenues, 5 Yr. CAGR %	8.37	13.46	21.44	28.49	37.64
Earnings From Cont. Operations, 5 Yr. CAGR %	7.84	29.3	44.1	33.43	55.32
Net Income, 5 Yr. CAGR %	7.63	29.14	44.14	33.48	55.58
Normalized Net Income, 5 Yr. CAGR %	10.07	22.6	33.84	52.87	54
Diluted EPS Before Extra, 5 Yr. CAGR %	7.63	29.14	44.14	23.07	32.4
Dividend Per Share, 5 Yr. CAGR %	14.87	20.11	28.99	31.48	18.47
Gross Loans, 5 Yr. CAGR %	10.11	12.8	22.93	26.72	23.21
Allowance For Loan Losses, 5 Yr. CAGR %	19.26	15.1	12.77	27.11	18.74
Net Loans, 5 Yr. CAGR %	10.02	12.97	23.81	26.92	23.52
Non Performing Loans, 5 Yr. CAGR %	12.51	8.3	15.75	39.83	34.54
Non Performing Assets, 5 Yr. CAGR %	12.51	8.3	15.75	39.83	34.54
Total Assets, 5 Yr. CAGR %	16.28	20.25	25.32	33.42	29.96
Total Deposits, 5 Yr CAGR %	20.24	24.34	31.33	37.79	31.58
Tangible Book Value, 5 Yr. CAGR %	5.97	7.33	20.68	28.67	30.46
Common Equity, 5 Yr. CAGR %	6.34	8	20.27	27.98	29.8
Total Equity, 5 Yr. CAGR %	6.39	8.03	20.32	27.98	29.79