Skip to main content

Fidelity Bank Grows Gross Earnings by 38% to N434.95b in Q1‎

By Anne Ejuka


Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to expand its core banking market share.

‎

‎Interim report and accounts of Fidelity Bank for the three months ended March 31, 2026 released at the Nigerian Exchange (NGX) showed that gross earnings rose from N315.42 billion in first quarter 20025 to N434.95 billion in first quarter 2026, representing an increase of 37.9 per cent.

‎

‎The top-line performance was driven by impressive growth in the bank’s core business operations with interest incomes rising by 22.8 per cent to N314.48 billion in first quarter 2026 as against N256.10 billion in first quarter 2025.

‎

‎With net interest income at N180.97 billion, the bank closed the period with profit before tax of N92.48 billion. After taxes, net profit stood at N74.47 billion for the three-month period. Earnings per share remained high at N5.69, underlining the capacity of the bank to reward its shareholders.

‎

‎The balance sheet of the bank also emerged stronger. Total assets crossed the N11 trillion mark to N11.35 trillion by March 2026 compared with N10.46 trillion recorded in December 2025. Customers’ deposits increased from N6.89 trillion to N7.38 trillion. Total equity rode on the back of earnings growth to a 27.5 per cent increase from N1.09 trillion in December 2025 to N1.39 trillion by March 2026.

‎The first quarter 2026 results further consolidated the strong earnings outlook of the bank, which had successfully completed its recapitalisation amidst impressive earnings performance in 2025.  

‎

‎Fidelity Bank had recorded double-digit growths in interest and non-interest incomes as well as key balance sheet items during the year ended December 31, 2025.

‎

‎The audited report showed that gross earnings rose from N1.04 trillion in 2024 to N1.52 trillion in 2025, an increase of 45.6 per cent. Interest and similar incomes had grown by 38.7 per cent from N803.1 billion in 2024 to N1.11 trillion in 2025. Fees and commission incomes also rose by 44.7 per cent from N78.4 billion to N113.4 billion. The bank recorded net profit after tax of N242.4 billion in 2025.

‎

‎The bank’s balance sheet emerged stronger with total assets rising by 18.6 per cent to N10.46 trillion in 2025 as against N8.82 trillion in 2024. Customer deposits increased by 16.1 per cent from N5.94 trillion to N6.89 trillion, reflecting continued franchise strength and an improved funding profile. Net loans and advances meanwhile declined by 2.4 per cent to N4.28 trillion in 2025 as against N4.39 trillion in 2024, attributable to customers paying down on their mature obligations.

‎


‎The bank had in 2025 strengthened its capital position, with eligible capital rising to N561 billion, above the regulatory minimum of N500 billion for banks with international authorisation. In addition, capital adequacy had remained robust, with Capital Adequacy Ratio of 30.94 per cent by December 2025 as against 23.47 per cent by December 2024.

‎

‎ 

‎Managing Director, Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe, said the first quarter 2026 results reinforced the bank’s strong and resilient business model.

‎She noted that with the remarkable success of its recapitalisation programme and continuing expansion, Fidelity Bank has entered a new era of growth and impressive returns.

‎

‎“We are on a stronger footing and confident that we will set new growth records that are reflective of our legacy and the future we are working on,” Onyeali-Ikpe said.

‎

Comments

Post a Comment

Popular posts from this blog

NCS Medical Team Trains Apapa Area Command Officers On First Aid

By Anne Ejuka
The Nigeria Customs Service (NCS) medical team yesterday trained officers and men of the Apapa Area Command on basic first aid training. ‎ ‎The Customs Area Controller of the Command, Comptroller Emmanuel Oshoba according to a press release issued by the public relations officer of the command, Superintendent of Customs SC JT Ayagbalo described the initiative as a crucial investment in workplace safety and operational readiness. ‎ ‎In his welcome address, Comptroller Oshoba emphasized that the programme reflects the priority placed on staff welfare by the Comptroller-General of Customs, Bashir Adewale Adeniyi, MFR. ‎ ‎He described first aid knowledge as a universal life skill that every adult should possess, especially officers as they are frequently exposed to high-risk operational environments. ‎ ‎ Oshoba noted that simple but timely interventions such as; CPR, bleeding control, choking relief and stroke recognition often determine whether a victim survives, fully recov...
Post a Comment
Read more

NIMASA Reshuffles Management Team For Enhanced Efficiency And Inter-departmental Collaboration

By Anne Ejuka
I n an exercise aimed  at strengthening  inter-departmental collaboration and inject new energy into the system to further improve performance and enhance efficiency across the maritime sector, The Nigerian Maritime Administration and Safety Agency (NIMASA) has announced a strategic redeployment of its management staff as part of efforts to enhance operational efficiency and service delivery in line with its core mandate.   Under the new structure, according to a press statement issued by Mr. Edward Osagie FNIPR,  Head, Public Relations Officer of the agency, a total of 56 management staff were affected in the exercise. Notable amongst those redeployed are; Hajia Moji Jimoh who becomes Director, Administration and Human Resources; Aishatu Jidda, Director, Planning, Research and Data Management Services; Barr. Heaky Dimowo, Director, Legal Services/Board Secretary; Isichei Osamgbi, Director, SERVICOM; and Mrs. Olubusola Obasanjo-Akande, Director, Western Zone. Othe...
Post a Comment
Read more

Lekki Port Manager Thrilled As AMJON Awards Him Most Resourceful Port Manager ‎

By Anne Ejuka
‎"I want to thank the Managing Director of the Nigerian Ports Authority and his management team for giving me the opportunity to serve. Working in the kind of environment where I found myself requires great teamwork and as you can see around me now, I have my very efficient team always with me and so I am very proud to have this team. I also give glory to God for everything including the recognition that I got today" ‎ ‎Above are some of the emotions that pervaded the atmosphere as the Association of Maritime Journalists of Nigeria (AMJON) held its 2026 Conference and Awards with the theme: Attaining Ports Efficiency In The Face Of Emerging Technology". ‎ ‎The Conference and Awards took place on Thursday, April 30th 2026 at the Rockview hotels, Apapa with big industry players in attendance. The occasion which was chaired by the cerebral Barr. Jean Chiazor-Anishere delved succinctly into what are required to make the Nigerian Ports more efficient. ‎ ‎In her opening ...
Post a Comment
Read more