Fidelity Bank (FIDELITYBK) Q3 2025 earnings summary

Executive summary

• Achieved strong growth in gross earnings, reaching ₦1,114.8bn for the group, up from ₦772.5bn year-over-year, and ₦1,087.7bn for the bank, up from ₦754.8bn.

• Profit before tax for the group was ₦268.2bn, slightly down from ₦281.4bn year-over-year, while profit after tax was ₦211.7bn, compared to ₦224.6bn.

• Total assets increased to ₦10.55tn from ₦8.82tn, and customer deposits rose to ₦6.94tn from ₦5.94tn.

• The group maintained a strong capital base, with total equity at ₦1.05tn.

Financial highlights

• Net interest income for the group was ₦565.3bn, up from ₦470.5bn year-over-year.

• Credit loss expense decreased to ₦14.6bn from ₦48.3bn, reflecting improved asset quality.

• Fee and commission income grew to ₦84.5bn from ₦56.3bn.

• Earnings per share (basic and diluted) stood at 142 kobo, down from 252 kobo year-over-year.

• Total comprehensive income for the period was ₦218.1bn, compared to ₦276.2bn year-over-year.

Outlook and guidance

• Management expects to meet financial obligations and continue as a going concern, despite global uncertainties.

• The group anticipates continued growth, supported by a strong liquidity position and robust risk management.