FCMB Group has projected a profit after tax of N36.6bn for the second quarter ending June 30, 2025.
The group’s earnings forecast shows that gross earnings are expected to reach N239.4bn, with interest income projected at N209.1bn.
Interest expenses are estimated at N107.9bn, leaving a net interest income of N101.2bn.
Foreign exchange earnings are forecasted at N3.7bn, securities trading at N3.6bn, and contingent income at N1.2bn. Transaction commissions are expected to generate N18.6bn, while other income is estimated at N3.2bn, bringing net operating income to N131.5bn.
Loan losses and writebacks are projected at a negative N11.4bn, while operating expenses are expected to hit N80.5bn. Profit before tax is forecasted at N39.5bn, with a tax provision of N2.9bn, leaving a profit after tax of N36.6bn.
