Fidelity Bank Plc has reported a 45 per cent increase in gross earnings for the 2025 financial year, just the bank’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet expansion and fresh capital injection.

Analysis from the audited financial statements for the year ended December 31, 2025, reveals that the bank delivered robust results across key financial metrics, including Gross Earnings, which stood at N1.5 trillion, up from N1.04 trillion reported in 2024.

 

Net Interest Income rose to N831.3  billion, compared to N629.7  billion in 2024, reflecting the bank’s stronger earnings capacity amid elevated interest rates and growth in interest-earning assets.

 

Interest and similar income calculated using the effective interest rate rose by 38.7 percent to N1.11 trillion in 2025 from N803.05 billion in 2024, while other interest and similar income increased by 25.1 per cent to N184.51 billion.

 

Net interest income after credit loss also rose significantly by 41.2 per cent to N809.74 billion from N573.33 billion. The bank also recorded an improvement in asset quality costs, as credit loss expense moderated to N21.61 billion from N56.44 billion, representing a 61.7 percent improvement year-on-year.

 

Fidelity Bank continued to expand its digital banking footprint, enhance customer experience, and support key sectors of the economy. Non-interest revenue performance remained strong during the period, with fee and commission income increasing by 44.7 percent to N113.36 billion from N78.36 billion.

 

This was driven by letters of credit commissions and fees  (N12.5 billion), ATM charges fees (N11.6 billion), commission on travellers’ cheques and foreign bills (N8.9 billion), accounts maintenance charge (N7.13 billion and  commission on E-banking activities (N2.2 billion).

 

Other operating income rose by 200.5 percent to N8.24 billion, while foreign currency revaluation gains surged by 749.9 per cent to N99.58 billion from N11.72 billion in 2024.

 

Fidelity Bank’s investment assets expanded significantly during the year, reflecting the bank’s stronger positioning in fixed income and other securities markets. Debt instruments at fair value through other comprehensive income (FVOCI) rose by 199 percent to N557.78 billion from N186.57 billion, while debt instruments at amortised cost increased by 27.2 per cent to N1.97 trillion from N1.55 trillion. Equity instruments at FVOCI also rose by 26.2 per cent to N87.85 billion.

 

The bank also recorded gains from financial assets measured at fair value through profit or loss (FVTPL), which increased by 280.7 percent to N2.75 billion. A new gain of N988 million from derecognition activities was also recorded during the period.

 

The balance sheet side, cash and cash equivalents increased sharply by 87 per cent to N1.32 trillion from N707.45 billion, indicating stronger liquidity buffers. Restricted balances with the Central Bank of Nigeria (CBN) also rose to N1.65 trillion from N1.59 trillion.

 

Other assets increased by 76.4 percent to N278.89 billion, while investments in property, plant, and equipment rose by 161.6 percent to N203.72 billion. Intangible assets climbed by 147.5 percent to N50.44 billion, indicating continued investment in technology and operational infrastructure.