FCMB Group Plc has announced plans to pay a final dividend of 35 kobo per 50 kobo ordinary share to its shareholders on June 30, 2026.
The announcement was contained in a corporate actions notice signed by the Company Secretary, Mrs. Olufunmilayo Adedibu, on Monday.
According to the company, the proposed dividend payment is subject to withholding tax and approval by shareholders at the upcoming Annual General Meeting.
FCMB stated that the dividend will be paid electronically to shareholders who have completed their e-dividend registration and authorised the Registrar to credit their bank accounts directly.
The bank confirmed that the qualification date for the dividend is June 15, 2026.
It also disclosed that the Register of Members will be closed on June 16, 2026.
“On Tuesday, June 30, 2026, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at the close of business on Monday, June 15, 2026, and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts,” the company stated.
FCMB noted that shareholders whose names appear on the register by the qualification date will be eligible to receive the dividend payment.
The financial services group also advised shareholders who have not completed their e-dividend registration to download the relevant forms from the website of CardinalStone Registrars Limited and submit them through their banks or directly to the Registrar.
The proposed dividend follows a strong financial performance recorded by the Group for the year ended December 31, 2025.
FCMB reported a profit before tax of N202.10bn, representing an 80.61 per cent increase from the N111.90bn recorded in 2024.
Profit after tax rose significantly to N177.27bn, compared to N73.34bn in the previous year.
Gross earnings also increased by 42.46 per cent to N1.13tn, reflecting strong growth across key revenue lines.
The Board of Directors recommended the 35 kobo dividend, which amounts to a total payout of approximately N23.08bn, subject to shareholder approval at the AGM.
The Group attributed its strong performance mainly to improved gross earnings, supported by substantial growth in interest income and net interest income.
Interest income rose by 61.68 per cent to N1.01tn, crossing the trillion-naira mark for the first time in the company’s history.
The figure accounted for nearly 89 per cent of FCMB’s total gross earnings of N1.13tn for the financial year.
FCMB also encouraged shareholders with unclaimed dividend warrants or outstanding share certificates to regularise their records by contacting the Registrar.
The company’s Annual General Meeting will be held virtually on Tuesday, June 30, 2026, at 10:00 a.m.
During the meeting, shareholders will consider and vote on the proposed dividend payment.
The announcement underscores FCMB’s commitment to rewarding investors while maintaining transparency in its corporate governance and investor relations activities.
Meanwhile, the Group sustained its strong earnings momentum in the first quarter of 2026.
According to its unaudited financial statements, profit before tax rose by 148.39 per cent year-on-year to N86.99bn for the period ended March 31, 2026, from N35.02bn recorded in the corresponding period of 2025.
Profit after tax increased to N76.53bn, compared to N32.23bn a year earlier.
Gross earnings also grew by 26.72 per cent to N320.22bn.
The impressive first-quarter performance was driven by stronger interest income, as well as higher fee and commission income.
FCMB achieved the earnings growth despite elevated impairment charges and operating expenses, highlighting the resilience of its core business operations and continued expansion across major income-generating segments.
