January 30, 2024/Futureview Research

FCMB’s Full-Year 2023 Financial Results, released on January 26, 2024, revealed an impressive 83% surge in Gross Earnings to N516.79 billion. This growth was driven by a substantial 1613% increase in other revenue, along with a solid 62% rise in interest income and a notable 38% surge in fee and commission income.

The positive momentum extended to the company’s overall performance, with Profit After Tax (PAT) rising by 207% to N95.52 billion from the previous year, and Earnings Per Share (EPS) growing by 209% to N4.82. These results highlight FCMB’s robust operational performance and diversified income sources.

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