Fidelity Bank Plc, has reported a strong financial performance for the first quarter ended March 31, 2026, with gross earnings rising by 38% year-on-year to ₦434.9 billion, up from ₦315.4 billion recorded in the corresponding period of 2025.
The Bank’s financial statements, released on the Nigerian Exchange (NGX) on May 25, 2026, show strong income growth across key lines. Interest and similar income increased by 20.3% to ₦353.3 billion, supported by higher yields on earning assets and increased transaction volumes.
Additionally, non-interest revenue remained robust, with fees and commission income rising by 39.7% to ₦33.3 billion, driven by growth in digital transactions, ATM usage, and trade-related services. Foreign exchange-related gains also contributed positively to performance, with foreign currency revaluation income increasing significantly to ₦48 billion, compared to ₦9.8 billion in the prior year.
The Bank delivered a profit before tax of ₦92.5 billion and profit after tax of ₦74.5 billion, reinforcing its capacity to generate sustainable returns while investing for future growth. Total assets grew to ₦11.4 trillion, up from ₦10.5 trillion as of December 2025, reflecting continued expansion across key business segments and prudent balance sheet management. In line with its risk management framework, the Bank also strengthened its credit risk buffers by increasing provisioning to reflect prevailing economic conditions and support long-term asset quality.
Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 10 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited.
The Bank is a recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
