Fidelity Bank Plc (NGX:FIDELITYBK)

CALT Income Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	897,210	803,054	434,008	278,406	186,784	168,551
Interest Income on Investments	164,708	147,534	25,522	17,172	16,782	8,202
Total Interest Income	1,061,918	950,588	459,530	295,578	203,566	176,753
Interest Paid on Deposits	340,968	320,818	182,165	142,883	108,687	72,630
Net Interest Income	720,950	629,770	277,365	152,695	94,879	104,123
Net Interest Income Growth (YoY)	122.22%	127.06%	81.65%	60.94%	-8.88%	25.37%
Gain (Loss) on Sale of Assets	-65	63	49	-56	69	-51
Gain (Loss) on Sale of Investments	6,059	721	997	-1,568	-4,904	1,610
Other Non-Interest Income	153,983	142,581	108,225	28,833	38,517	22,863
Total Non-Interest Income	159,977	143,365	109,271	27,209	33,682	24,422
Non-Interest Income Growth (YoY)	31.22%	31.20%	301.60%	-19.22%	37.92%	1.77%
Revenues Before Loan Losses	880,927	773,135	386,636	179,904	128,561	128,545
Provision for Loan Losses	50,361	56,441	67,436	5,443	7,034	16,858
Revenue	830,566	716,694	319,200	174,461	121,527	111,687
Revenue Growth (YoY)	124.44%	124.53%	82.96%	43.56%	8.81%	-0.59%
Salaries and Employee Benefits	79,141	73,450	52,619	29,731	23,470	25,367
Occupancy Expenses	19,398	12,982	7,042	6,616	7,174	6,207
Selling, General & Administrative	13,986	13,709	8,477	5,784	3,673	2,786
Other Non-Interest Expense	264,203	228,986	126,802	78,653	61,995	49,273
Total Non-Interest Expense	376,728	329,127	194,940	120,784	96,312	83,633
EBT Excluding Unusual Items	453,838	387,567	124,260	53,677	25,215	28,054
Pretax Income	451,485	385,214	124,260	53,677	25,215	28,054
Income Tax Expense	113,719	107,108	24,806	6,953	2,111	1,404
Net Income	337,766	278,106	99,454	46,724	23,104	26,650
Net Income to Common	337,766	278,106	99,454	46,724	23,104	26,650
Net Income Growth	192.98%	179.63%	112.85%	102.23%	-13.31%	-6.25%
Basic Shares Outstanding	46,349	41,799	31,979	28,963	28,963	28,963
Diluted Shares Outstanding	46,349	41,799	31,979	28,963	28,963	28,963
Shares Change (YoY)	44.94%	30.71%	10.41%	-	-	-
EPS (Basic)	7.29	6.65	3.11	1.61	0.80	0.92
EPS (Diluted)	7.29	6.65	3.11	1.61	0.80	0.92
EPS Growth	102.14%	113.94%	92.78%	102.23%	-13.31%	-6.24%
Dividend Per Share	2.100	2.100	0.850	0.500	0.350	0.220
Dividend Growth	147.06%	147.06%	70.00%	42.86%	59.09%	10.00%
Effective Tax Rate	25.19%	27.81%	19.96%	12.95%	8.37%	5.00%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.