First City Monument Bank (FCMB) has reported a profit before tax of N134.5 billion for the nine months ended 30 September 2025, representing a 46.2 per cent increase from the N91.83 billion recorded in the same period last year.
The bank disclosed the figures in its unaudited financial statement for the third quarter of 2025 filed with the Nigerian Exchange.
FCMB said its third-quarter pre-tax profit rose by 100.47 per cent to N55.37 billion compared with N27.62 billion posted in the corresponding quarter of 2024.
The bank added that gross earnings for the nine-month period increased by 40.89 per cent to N828.13 billion, up from N587.77 billion last year.
FCMB attributed the performance to a strong rise in interest income, which grew by 64.68 per cent to N734.12 billion from N445.79 billion in 2024.
The bank said interest income from loans and advances rose by 46 per cent to N464 billion despite a 2.9 per cent decline in total loans to N2.29 trillion.
FCMB noted that interest expenses climbed by 41 per cent to N383.28 billion, driven mainly by higher costs on customer deposits, which increased by 19 per cent year-on-year.
The bank said customer deposits rose to N4.4 trillion after adding N99.27 billion during the review period.
FCMB reported that net interest income doubled to N350.83 billion following strong yield growth across interest-bearing assets.
After accounting for impairment charges of N57.12 billion, net interest income after impairment rose by 127 per cent to N293.71 billion.
The bank said non-interest income totalled N108.01 billion, representing a 6.21 per cent increase year-on-year and driven largely by fees and commissions.
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FCMB explained that fee-based income was supported by service charges of N28 billion and account maintenance fees of N13.99 billion.
The bank said trading income declined by 25.26 per cent to N37.26 billion due to lower gains from foreign exchange and fixed-income securities.
FCMB reported that total assets rose by 2.52 per cent to N7.23 trillion, supported by customer deposits, loans, investments in securities and cash holdings.
The bank added that shareholders’ funds increased by N116.95 billion in nine months due to growth in share capital, share premium and retained earnings.
FCMB noted that its share price rose by about four per cent on 5 December 2025 following the release of the financial results.
The bank said its stock has gained 16 per cent since the start of 2025 after opening the year at N9.40.
