Fidelity Bank Plc has recorded a 45 percent increase in gross earnings for the 2025 financial year, with shareholders’ funds surpassing the N1 trillion mark following strong financial performance and fresh capital injection.
According to the bank’s audited financial statements for the year ended December 31, 2025, gross earnings rose to N1.5 trillion from N1.04 trillion recorded in 2024. Net interest income also climbed to N831.3 billion, compared to N629.7 billion in the previous year, reflecting stronger earnings from interest-generating assets and improved market positioning.
Interest and similar income increased by 38.7 percent to N1.11 trillion, while net interest income after credit loss rose significantly by 41.2 percent to N809.74 billion. The bank also improved its asset quality as credit loss expenses declined sharply by 61.7 percent to N21.61 billion.
Non-interest revenue performance remained strong, with fee and commission income rising by 44.7 percent to N113.36 billion. The growth was driven by higher earnings from letters of credit, ATM charges, account maintenance fees, foreign exchange-related commissions, and electronic banking transactions.
The bank also posted significant growth in other operating income and foreign currency revaluation gains, which surged to N99.58 billion from N11.72 billion in 2024.
On the balance sheet side, Fidelity Bank strengthened its liquidity and investment position. Cash and cash equivalents rose by 87 percent to N1.32 trillion, while investments in debt instruments and securities recorded substantial growth across several categories.
Investments in technology and operational infrastructure also increased significantly, with property, plant and equipment rising to N203.72 billion, while intangible assets climbed to N50.44 billion.
Total assets grew by 18.6 percent to N10.46 trillion, supported by growth in liquid assets, investment securities, and customer deposits, which increased by 16.1 percent to N6.89 trillion.
The bank further strengthened its capital base as shareholders’ funds increased by 21.1 percent to N1.09 trillion, exceeding the Central Bank of Nigeria’s capital requirement for banks with international authorisation.
Fidelity Bank disclosed that it successfully completed a private placement of 12.9 billion ordinary shares in December 2025, raising eligible capital to N532.6 billion, above the regulatory threshold of N500 billion.
The stronger capital position is expected to enhance the bank’s ability to finance larger transactions, expand lending activities, and support regional and international growth ambitions.