FCMB Group Plc has disclosed that it may experience delays in publishing its audited financial statements on the Nigerian Exchange ahead of the March 31, 2026 deadline.
In a notice filed on the exchange, the group explained that the possible delay is due to pending approval of its audited results by its primary regulator, the Central Bank of Nigeria. The company said it is working to complete the approval process and expects to submit the audited statements once regulatory clearance is received, likely before or shortly after the deadline.
The disclosure follows the release of the bank’s unaudited results on January 29, 2026, which showed a pretax profit of ₦200.91 billion — up 80% year-on-year. Interest income was the main driver, rising 61% to ₦1.002 trillion from ₦621.8 billion the previous year. Loans and advances to customers accounted for ₦610.9 billion, while interest from investment securities contributed ₦148.8 billion.
After accounting for interest expenses of ₦499.2 billion, net interest income surged 123% to ₦502.8 billion. Net fees and commission income rose to ₦73.8 billion from ₦58.7 billion, while net trading income stood at ₦39.2 billion. Following impairments, personnel expenses, administrative costs, and other charges, operating income settled at ₦200.1 billion. The group’s share of post-tax income from associates added ₦758.5 million, bringing pretax profit to ₦200.9 billion.
Looking ahead, FCMB projects a pretax profit of ₦62.5 billion for Q1 2026, a 94% increase from ₦32.2 billion in Q1 2025. The bank is also reportedly close to meeting the ₦500 billion recapitalization target, according to sources within the Central Bank of Nigeria.
Despite the delay in audited statements, the bank is expected to remain profitable, with market analysts noting that share prices may stabilize around the ₦12–₦13 range, potentially supporting upward momentum.
