FCMB Group Forecasts 77% Profit Rise on Earnings Growth
FCMB Group, a tier two bank in Nigeria, forecasts a 77.5% increase in profit to N62.5 billion for Q1 2026, compared to N35.2 billion in the same period last year. The group also expects gross earnings to rise to N293 billion, with net interest income reaching N137 billion.
Despite a 41% increase in interest expenses, FCMB managed to maintain a strong net interest income of N350.83 billion for the nine months ending September 30, 2025.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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