FCMB Group Forecasts N62.55 billion Profit for Q1-2026
FCMB Plc is targeting to deliver N62.55 billion profit after tax in the first quarter of financial year 2025, the group said in its earnings forecast released on the Nigerian Exchange.
Gross earnings is projected to reach N293.812 billion for operations covering the first three months in 2026 amidst increasing rivalry in the banking sector.
The group projected that its net interest income will settle at N137.851 billion amidst expectations that the Central Bank monetary policy committee will commence expansionary policy that will bring the policy rate downward next year.
FCMB projected N2.22 billion in forex earnings for the period with the hope the group’s exchange rate assumptions will beat the confidence level.
The group plans to earn N7.74 billion from securities trading, N1.912 billion in contingent income; N28.528 billion in transaction commission, and other income is projected at N1.813 billion in Q1.
Net operating income is projected at N180.030 billion for the first quarter of financial year 2026, and there will be a N10.249 billion impairment charge against expected credit losses for the period.
In addition, the group estimated its operating expenses for the period to settle at N95.331 billion, leaving pre-tax profit for the period at N74.450 billion.
With about N11.9 billion in estimated tax expense provisions, FCMB forecasted the group profit for Q1-2026 to reach N62.55 billion. Geregu Power Targets N12.026bn Profit for Q1-2026
