Fidelity Bank Posts N212 Billion as Profit in Q3

Fidelity Bank Posts N212 Billion as Profit in Q3

Fidelity Bank Plc reported a net profit of N211.727 billion for the first nine months of the 2025 financial year, bolstered by a significant year-on-year growth in revenue.

Details from its earnings scorecard showed that gross earnings increased by 44.21% year-on-year to N1.114 trillion at the end of 9M-2025 from N772.465 billion in the equivalent period in 2024.

The bank’s net interest income grew to N565.254 billion in the period, up by 20.14% year on year from N470.49 billion. This was spurred by significant year-on-year growth in income derived from the bank’s interest earnings assets. 

Fidelity Bank said in its unaudited financial statement that interest and similar income calculated using the effective interest rate method grew to N843.476 billion at the end of the third quarter on a cumulative basis, up from N583.451 billion in the equivalent period.

Apart from lending, Fidelity Bank also boosted its performance with earnings from investment securities, supporting its interest earnings positions in nine months of financial year 2025.

A review of its ending portfolio revealed that Fidelity Bank loans and advances to customers expanded to N4.845 trillion, up by 10.43% from N4.387 trillion at the end of financial year 2024.

Fidelity Bank’s credit losses reduced by 70% year on year, reflecting improved asset quality. The bank’s profit before tax declined by 4.7% year on year to N268.198 billion from N281.414 billion.

Tax expenses moderated slightly, but it was neutralised as a result of windfall tax. Hence, Fidelity Bank’s net profit fell slightly to N211.727 billion in the period, 5% below profit performance posted in the equivalent period.

The profit direction is in line with development in the banking sector following a rate cut and the stability of the naira. Fidelity Bank delivered above-average results in the banking sector.

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