FCMB | FCMB Group - H1'2025 Company Update : Projected earnings recovery on NIM protection initiatives

    First City Monument Bank Plc (FCMB) is revealing a strong recovery trajectory, with its H1'25 N73.4 billion earnings already eclipsing the N73.3 billion achieved over FY'24. We expect FY'25 earnings to come in at N171.9 billion (+133.7% YoY), supported by FCMB's deliberate measures to remediate funding pressures that impacted Net Interest Margin (NIM) and profitability in FY'24. These initiatives include: (1) leveraging the capital raised in 2024; (2) improving digital payments and collection solutions; and (3) deepening penetration in the premium and institutional banking segments.

    Already, these initiatives have started to bear fruit, evidenced by the Group's stellar H1'25 results, which came with the added benefit of the complete resolution of forbearance exposures.

     

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    CardinalStone Research
    CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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