NewsOnline Nigeria reports that Fidelity Bank Plc has reported a 45 per cent increase in gross earnings for the 2025 financial year, with shareholders’ funds surpassing the N1 trillion mark following strong balance sheet expansion 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.
The lender also posted significant growth in profitability and core banking operations during the period.
Net interest income increased to N831.3 billion from N629.7 billion in 2024, supported by growth in interest-earning assets and the high-interest-rate environment.
Interest and similar income calculated using the effective interest rate climbed by 38.7 per cent to N1.11 trillion from N803.05 billion, while other interest income rose by 25.1 per cent to N184.51 billion.
Net interest income after credit losses also increased significantly by 41.2 per cent to N809.74 billion compared to N573.33 billion in the previous year.
Fidelity Bank further recorded a major improvement in asset quality costs, as credit loss expenses dropped to N21.61 billion from N56.44 billion, representing a 61.7 per cent year-on-year improvement.
The bank’s non-interest income performance remained strong, driven by growth in digital banking and transaction-related revenues.
Fee and commission income rose by 44.7 per cent to N113.36 billion from N78.36 billion in 2024, boosted by earnings from letters of credit commissions, ATM charges, e-banking activities, travellers’ cheques, and account maintenance fees.
Other operating income surged by 200.5 per cent to N8.24 billion, while foreign currency revaluation gains jumped by 749.9 per cent to N99.58 billion from N11.72 billion recorded in 2024.
On the investment side, debt instruments measured at fair value through other comprehensive income increased by 199 per cent to N557.78 billion, while debt instruments at amortised cost rose by 27.2 per cent to N1.97 trillion.
The bank’s balance sheet also reflected stronger liquidity and asset expansion.
Cash and cash equivalents grew by 87 per cent to N1.32 trillion, while total assets rose by 18.6 per cent to N10.46 trillion from N8.82 trillion.
Customer deposits increased by 16.1 per cent to N6.89 trillion, indicating sustained customer confidence and growth in the lender’s funding base.
Meanwhile, total equity climbed by 21.1 per cent to N1.09 trillion from N897.87 billion, pushing shareholders’ funds above the N1 trillion threshold.
Fidelity Bank disclosed that it completed a private placement of 12.9 billion ordinary shares in December 2025, raising fresh capital that increased eligible capital to N532.6 billion; above the Central Bank of Nigeria minimum requirement of N500 billion for banks with international authorisation.
The stronger capital base is expected to position the bank for larger transactions, expanded lending operations, and future regional growth opportunities.
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