First City Merchant Bank (FCMB) Group has pegged N309.57 billion as its earnings forecast by the end of Q2 2026, ending June 30, 2026, news.ng reports.
In its projected earnings obtained from the Nigerian Exchange Group (NGX) website on Monday, the financial institution indicated that its Profit After Tax (PAT) is projected to be N67.93 billion, buoyed by strong interest income, transaction charges, and efficient operating performance.
Furthermore, the Group expects to generate N266.84 billion from interest income, while interest expenses are pegged at N121.05 billion, resulting in N145.80 billion in net interest income by the end of Q2 2026.
Apart from conventional lending services, the 44-year-old financial institution is also expecting to earn N2.25 billion from foreign exchange (forex) and N7.70 billion from securities trading.
Other income from contingent services is projected at N1.92 billion. At the same time, earnings from transaction charges are estimated at N29.27 billion, supported by its digital banking and payment service platforms, including mobile apps and internet banking services. Earnings from other income sources are projected to be N1.58 billion.
These income streams are expected to increase net operating income to N188.53 billion by the end of Q2 2026.
While the Group has outlined various income streams, the financial institution anticipates N10.36 billion in loan loss provisions as part of its risk management measures.
The bank is expected to spend a total of N94.75 billion on operating expenses (operating costs).
Meanwhile, Profit Before Tax (PBT) is projected to be N83.42 billion, with a tax charge of N15.49 billion, resulting in Profit After Tax (PAT) of N67.93 billion at the end of the second quarter.
Shareholders and analysts will be closely watching how the bank performs at the end of the second quarter of 2026.
