LAGOS – FCMB Group Plc has posted a pre-tax profit of N157.30 billion ($105 million) for the half-year ended June 30, 2026, marking a 98.8% year-on-year surge from N79.12 billion in H1 2025.
According to its regulatory filing on the Nigerian Exchange, gross earnings rose 27.8% to N676.20 billion, driven by a 71.8% jump in net interest income to N356.30 billion as net interest margins reached 11.2%.
Operational scale and cost management lowered the lender’s cost-to-income ratio to 41.4% from 57.0%, while digital banking revenue climbed to N89.10 billion, contributing 13.2% of total gross earnings across payments and wealth management.
To de-risk its balance sheet, the commercial bank accelerated loan provisioning, raising impairments to N85.90 billion, which successfully reduced its non-performing loan ratio down to 5.2%—nearing regional regulatory thresholds.
Earnings growth was broad-based across operating divisions, led by Consumer Finance surging 92%, Banking Group gaining 80%, Investment Banking rising 76%, and Investment Management growing 50%.
Supported by a post-recapitalization capital injection of N227 billion in Q2, FCMB expanded its earning assets by 22% to N5.98 trillion, elevating its capital adequacy ratio to 23.5%.
