Fidelity Bank Income Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	1,172,395	1,114,018	803,054	434,008	278,406	186,784
Interest Income on Investments	197,964	184,508	147,534	25,522	17,172	16,782
Total Interest Income	1,370,359	1,298,526	950,588	459,530	295,578	203,566
Interest Paid on Deposits	549,051	467,173	320,818	182,165	142,883	108,687
Net Interest Income	821,308	831,353	629,770	277,365	152,695	94,879
Net Interest Income Growth (YoY)	13.92%	32.01%	127.06%	81.65%	60.94%	-8.88%
Gain (Loss) on Sale of Assets	112	97	63	49	-56	69
Gain (Loss) on Sale of Investments	-3,077	2,745	721	997	-1,568	-4,904
Other Non-Interest Income	23,877	-22,580	142,581	108,225	28,833	38,517
Total Non-Interest Income	21,900	-18,750	143,365	109,271	27,209	33,682
Non-Interest Income Growth (YoY)	-86.31%	-	31.20%	301.60%	-19.22%	37.92%
Revenues Before Loan Losses	843,208	812,603	773,135	386,636	179,904	128,561
Provision for Loan Losses	44,532	21,611	56,441	67,436	5,443	7,034
Revenue	798,676	790,992	716,694	319,200	174,461	121,527
Revenue Growth (YoY)	-3.84%	10.37%	124.53%	82.96%	43.56%	8.81%
Salaries and Employee Benefits	80,572	80,557	73,450	52,619	29,731	23,470
Occupancy Expenses	31,476	27,489	12,982	7,042	6,616	7,174
Selling, General & Administrative	11,872	11,490	13,718	8,477	5,784	3,673
Other Non-Interest Expense	340,387	323,794	228,977	126,802	78,653	61,995
Total Non-Interest Expense	464,307	443,330	329,127	194,940	120,784	96,312
EBT Excluding Unusual Items	334,369	347,662	387,567	124,260	53,677	25,215
Pretax Income	334,369	347,662	385,214	124,260	53,677	25,215
Income Tax Expense	108,555	105,218	107,108	24,806	6,953	2,111
Net Income	225,814	242,444	278,106	99,454	46,724	23,104
Net Income to Common	225,814	242,444	278,106	99,454	46,724	23,104
Net Income Growth	-33.15%	-12.82%	179.63%	112.85%	102.23%	-13.31%
Basic Shares Outstanding	63,174	50,200	41,799	31,979	28,963	28,963
Diluted Shares Outstanding	63,174	50,200	41,799	31,979	28,963	28,963
Shares Change (YoY)	36.20%	20.10%	30.71%	10.41%	-	-
EPS (Basic)	3.57	4.83	6.65	3.11	1.61	0.80
EPS (Diluted)	3.57	4.83	6.65	3.11	1.61	0.80
EPS Growth	-50.91%	-27.41%	113.94%	92.78%	102.23%	-13.31%
Dividend Per Share	-	-	2.100	0.850	0.500	0.350
Dividend Growth	-	-	147.06%	70.00%	42.86%	59.09%
Effective Tax Rate	32.47%	30.26%	27.81%	19.96%	12.95%	8.37%