FBN Holdings Plc (FirstHoldco) has reported a revenue earlier than tax of N566.537 billion for the 9 months ended 30 September 2025, reflecting a 7.26% decline from the N610.86 billion posted in the identical interval final yr.
Nevertheless, the Group’s core efficiency remained robust, with internet curiosity revenue after impairments leaping 72.48% year-on-year to N1.21 trillion, pushed by a major growth in curiosity revenue amid a high-interest-rate setting.
Furthermore, for the third quarter alone, the Group recorded a pre-tax revenue of N210.388 billion, a rise of 5.79% from N198.871 billion in Q3 2024.
Curiosity revenue rose sharply by 40.4% YoY to N2.29 trillion (9M 2025) from N1.63 trillion (9M 2024), pushed by greater yields on interest-earning belongings and progress in volumes. Particularly:
Curiosity bills, nevertheless, remained comparatively contained at N791.8 billion, rising simply 4.3% regardless of progress in deposits.
This suggests higher price of funds administration and repricing of liabilities, leading to internet curiosity revenue rising by 71.67% YoY to N1.5 trillion.
Impairment expenses surged 68.5% YoY to N288.92 billion, reflecting extra cautious provisioning amid credit score danger issues and potential asset high quality pressures.
On the non-interest revenue aspect, internet price and fee revenue rose 26.86% YoY to N260.477 billion, supported by:
The Group additionally recorded N71.94 billion in FX positive factors, reversing a lack of N226.73 billion in 9M 2024.
On the stability sheet, complete belongings stood at N26.40 trillion, up 7.84% YTD, supported by mortgage progress and growth in money reserves and funding securities.
On the liabilities aspect, buyer deposits elevated to N17.89 trillion, whereas borrowings rose to N1.74 trillion from N1.56 trillion. This exhibits that the stability sheet was pushed by buyer deposits.
Shareholders’ funds improved 16.55% to N3.26 trillion, pushed by retained earnings and capital injection of N146.7 billion throughout the yr.
On the day of the end result announcement, Thursday, October 30, 2025, FirstHoldco closed at N31.70 per share, representing a 0.6% acquire from its earlier shut of N31.50.
Because the begin of the yr, the inventory has superior from N28.05 to N31.70, delivering a 13% year-to-date return.
