Fidelity Bank Plc (NGX:FIDELITYBK)

Fidelity Bank 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,063,079	803,054	434,008	278,406	186,784	168,551
Interest Income on Investments	161,248	147,534	25,522	17,172	16,782	8,202
Total Interest Income	1,224,327	950,588	459,530	295,578	203,566	176,753
Interest Paid on Deposits	499,793	320,818	182,165	142,883	108,687	72,630
Net Interest Income	724,534	629,770	277,365	152,695	94,879	104,123
Net Interest Income Growth (YoY)	31.04%	127.06%	81.65%	60.94%	-8.88%	25.37%
Gain (Loss) on Sale of Assets	87	63	49	-56	69	-51
Gain (Loss) on Sale of Investments	-36,583	721	997	-1,568	-4,904	1,610
Other Non-Interest Income	144,355	142,581	108,225	28,833	38,517	22,863
Total Non-Interest Income	108,552	143,365	109,271	27,209	33,682	24,422
Non-Interest Income Growth (YoY)	-17.98%	31.20%	301.60%	-19.22%	37.92%	1.77%
Revenues Before Loan Losses	833,086	773,135	386,636	179,904	128,561	128,545
Provision for Loan Losses	22,747	56,441	67,436	5,443	7,034	16,858
Revenue	810,339	716,694	319,200	174,461	121,527	111,687
Revenue Growth (YoY)	34.66%	124.53%	82.96%	43.56%	8.81%	-0.59%
Salaries and Employee Benefits	88,861	73,450	52,619	29,731	23,470	25,367
Occupancy Expenses	23,658	12,982	7,042	6,616	7,174	6,207
Selling, General & Administrative	11,783	13,709	8,477	5,784	3,673	2,786
Other Non-Interest Expense	311,687	228,986	126,802	78,653	61,995	49,273
Total Non-Interest Expense	435,989	329,127	194,940	120,784	96,312	83,633
EBT Excluding Unusual Items	374,350	387,567	124,260	53,677	25,215	28,054
Pretax Income	371,997	385,214	124,260	53,677	25,215	28,054
Income Tax Expense	106,767	107,108	24,806	6,953	2,111	1,404
Net Income	265,230	278,106	99,454	46,724	23,104	26,650
Net Income to Common	265,230	278,106	99,454	46,724	23,104	26,650
Net Income Growth	14.17%	179.63%	112.85%	102.23%	-13.31%	-6.25%
Basic Shares Outstanding	55,449	41,799	31,979	28,963	28,963	28,963
Diluted Shares Outstanding	55,449	41,799	31,979	28,963	28,963	28,963
Shares Change (YoY)	73.39%	30.71%	10.41%	-	-	-
EPS (Basic)	4.78	6.65	3.11	1.61	0.80	0.92
EPS (Diluted)	4.78	6.65	3.11	1.61	0.80	0.92
EPS Growth	-34.15%	113.94%	92.78%	102.23%	-13.31%	-6.24%
Dividend Per Share	1.250	2.100	0.850	0.500	0.350	0.220
Dividend Growth	-13.79%	147.06%	70.00%	42.86%	59.09%	10.00%
Effective Tax Rate	28.70%	27.81%	19.96%	12.95%	8.37%	5.00%

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