Shareholders of FCMB Group (NGX: FCMB), the Nigerian financial services holding company whose main subsidiary is First City Monument Bank Ltd, have approved a dividend payout of NGN23.08bn ($16.85mn) for the 2025 financial year following strong profit growth, the company said.
Profit before tax rose 81% to NGN202.1bn, while profit after tax increased 142% to NGN177.3bn. Gross revenue climbed 42.5% to NGN1.13 trillion, and return on equity improved to 23.2%.
The performance was supported by stronger interest income, higher yields on earning assets and growth across the group’s major business segments, led by its Banking Group. Consumer Finance, Investment Banking and Investment Management also posted strong growth.
Management said the positive momentum continued into the first quarter of 2026, attributing the performance to stronger collaboration across its businesses, digital transformation and the completion of its recapitalisation programme.
Shareholder groups welcomed the results and the dividend, highlighting FCMB’s continued support for small and medium-sized enterprises. The bank said it provided NGN537.5bn in financing to SMEs during 2025, including NGN51bn for women-owned businesses.
FCMB also reported improved asset quality, with its non-performing loan ratio declining to 5.0% from 5.95%. Total assets rose 8.2% to NGN7.63 trillion, while consumer and SME lending increased 24% to NGN930bn. Assets under management grew 24.2% to NGN1.70 trillion.
The approved dividend amounts to 35 kobo per share and was scheduled for payment on June 30, 2026, to shareholders whose names appeared on the register as of June 15.
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