FCMB Group Plc (FCMB) Earnings Call Transcripts

FCMB Group Plc's Latest Earnings Call - June 16, 2026

In the Q1 2026 earnings call for FCMB Group Plc, management reported a significant year-on-year profit before tax (PBT) growth of 148% to NGN 87 billion, driven by improved net interest income and operational efficiency. The group exceeded its FY 2025 PBT guidance of NGN 185 billion, achieving NGN 202 billion. Looking ahead, management expects PBT to grow by approximately 60% year-on-year in 2026, supported by a strong capital position and continued expansion in consumer and SME lending.

Reported metrics

Guidance from management

Management expects PBT to grow by approximately 60% year-on-year in 2026, targeting NGN 325 billion or above, with a return on equity of 23.5%. They anticipate elevated credit costs due to write-offs but expect strong underlying earnings growth to support profitability.

What management said

Okay. If I could just add to that. So [ Muyiwa ], if you look at Slide 13, I think there's a detailed breakdown showing each of the sectors, oil and gas downstream, oil and gas upstream, power and energy, commerce and then others. So the major sectors are impacted are shown there. Thank you.

Okay. We have -- for the CP, we've got one currently under approval. Subject to regulatory approvals, we might end up coming out with a paper before the end of Q3, but that's subject to regulatory approvals.

What analysts pressed on

Analysts expressed concerns regarding the elevated NPL ratio and its impact on future dividend payments. There were also questions about the sustainability of the recent profit growth and the potential impact of interest rate fluctuations on net interest margins.

Main topics on the call

• Profit Growth — FCMB reported an 80.6% increase in profit before tax for FY 2025, reaching NGN 202 billion, and a 148% growth to NGN 87 billion in Q1 2026. Management noted, "the core earnings engine of the business as a whole has stren...
• Net Interest Margin Improvement — The net interest margin improved from 9.5% in FY 2025 to 10.7% in Q1 2026, driven by lower funding costs and an improved deposit mix. Management stated, "we will be able to defend our net interest margins this year comfo...
• Loan Book Decline — The loan book saw a decline of 4.6% quarter-on-quarter to NGN 2.23 trillion in Q1 2026, attributed to significant paydowns and naira appreciation. Management emphasized that "there were significant paydowns during the co...
• Elevated Non-Performing Loans (NPLs) — The NPL ratio increased to 16.97% in FY 2025, with management indicating that remediation actions are underway. They expect elevated credit costs in FY 2026 due to write-offs of approximately NGN 250 billion, with plans ...

Read the full FCMB Group Plc transcript (June 16, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 25 FCMB Group Plc earnings call transcripts on record, spanning April 3, 2020 to August 3, 2026. Based on this history, FCMB Group Plc reports quarterly. The most recent call on file is dated August 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FCMB

Exchange

NGSE

Country

NG

Sector

Financials

Industry

Banks

Calls on record

25

First call

April 3, 2020

Most recent

August 3, 2026

Reporting cadence

quarterly