Ladi Balogun Leads Fcmb To 157 Million Gross Earnings In Q1 2025

FCMB Groups Q1 2025 gross earnings rose 41 to 157 million, driven by higher interest income, fees, and net trading gains.

Profit after tax climbed to 21.8 million, reflecting FCMBs resilience and strong performance under Group CEO Ladi Balogun.

Total assets increased to 4.61 billion, while FCMBs oversubscribed public offer raised 95.2 million, signaling strong investor confidence.

FCMB Group, a leading financial services holding company led by Nigerian banking executive Ladi Balogun , reported strong financial results for the first quarter of 2025, with gross earnings rising to 157 million, reaffirming its position as one of Nigerias top financial institutions.

In its latest financial report , FCMB Group revealed that its gross earnings for the first quarter of 2025 grew by 41 percent, up from N179.1 billion 111.4 million in Q1 2024 to N252.7 billion 157.2 million. This impressive growth was driven by an increase in interest income, higher fee and commission income, and net trading gains, which totaled N14.34 billion 8.9 million.

Interest income surged from N125.4 billion 78.1 million in Q1 2024 to N214.4 billion 133.5 million in the first quarter of 2025. Fee and commission income also rose, from N16.94 billion 10.5 million to N24.29 billion 15.1 million, while net trading income increased from N9.5 billion 5.9 million to N13.34 billion 8.3 million.

These gains contributed to a rise in profit after tax, which grew from N31.34 billion 19.5 million in Q1 2024 to N35.02 billion 21.8 million in Q1 2025.

Founded in 1982 by Nigerian business magnate Otunba Subomi Balogun, FCMB has become one of the countrys most prominent financial institutions. Under the leadership of Group CEO Ladi Balogun , the bank has expanded its range of services to cater to individuals, businesses, and institutional clients. Today, FCMB offers a full suite of financial services, including banking, asset management, wealth management, and capital markets services.