Fidelity Bank Plc (NGX:FIDELITYBK)

Fidelity Bank Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	-	434,008	278,406	186,784	168,551
Interest Income on Investments	-	25,522	17,172	16,782	8,202
Total Interest Income	-	459,530	295,578	203,566	176,753
Interest Paid on Deposits	-	182,165	142,883	108,687	72,630
Net Interest Income	629,770	277,365	152,695	94,879	104,123
Net Interest Income Growth (YoY)	127.06%	81.65%	60.94%	-8.88%	25.37%
Gain (Loss) on Sale of Assets	-	49	-56	69	-51
Gain (Loss) on Sale of Investments	-	24,783	-1,568	-4,904	1,610
Other Non-Interest Income	143,366	84,439	28,833	38,517	22,863
Total Non-Interest Income	143,366	109,271	27,209	33,682	24,422
Non-Interest Income Growth (YoY)	31.20%	301.60%	-19.22%	37.92%	1.77%
Revenues Before Loan Losses	773,136	386,636	179,904	128,561	128,545
Provision for Loan Losses	56,441	67,436	5,443	7,034	16,858
Revenue	716,695	319,200	174,461	121,527	111,687
Revenue Growth (YoY)	124.53%	82.96%	43.56%	8.81%	-0.59%
Salaries and Employee Benefits	-	52,619	29,731	23,470	25,367
Occupancy Expenses	-	7,042	6,616	7,174	6,207
Selling, General & Administrative	-	8,477	5,784	3,673	2,786
Other Non-Interest Expense	331,480	126,802	78,653	61,995	49,273
Total Non-Interest Expense	331,480	194,940	120,784	96,312	83,633
EBT Excluding Unusual Items	385,215	124,260	53,677	25,215	28,054
Pretax Income	385,215	124,260	53,677	25,215	28,054
Income Tax Expense	107,109	24,806	6,953	2,111	1,404
Net Income	278,106	99,454	46,724	23,104	26,650
Net Income to Common	278,106	99,454	46,724	23,104	26,650
Net Income Growth	179.63%	112.85%	102.23%	-13.31%	-6.25%
Basic Shares Outstanding	32,000	32,000	28,963	28,963	28,963
Diluted Shares Outstanding	32,000	32,000	28,963	28,963	28,963
Shares Change (YoY)	-	10.49%	-	-	-
EPS (Basic)	8.69	3.11	1.61	0.80	0.92
EPS (Diluted)	8.69	3.11	1.61	0.80	0.92
EPS Growth	179.63%	92.65%	102.23%	-13.31%	-6.24%
Dividend Per Share	2.100	0.850	0.500	0.350	0.220
Dividend Growth	147.06%	70.00%	42.86%	59.09%	10.00%
Effective Tax Rate	27.81%	19.96%	12.95%	8.37%	5.00%

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