Fidelity Bank Plc (NGX: FIDELITYBK)

Fidelity Bank Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	1,158,630	364,177	300,345	219,253	328,493	259,915
Investment Securities	1,834,637	971,500	394,657	469,215	381,595	192,976
Trading Asset Securities	44,637	18,407	6,814	54,781	54,190	45,538
Total Investments	1,879,274	989,907	401,471	523,996	435,785	238,514
Gross Loans	4,443,236	3,236,442	2,196,830	1,742,725	1,397,092	1,178,935
Allowance for Loan Losses	-188,447	-143,970	-80,548	-74,131	-67,518	-51,415
Other Adjustments to Gross Loans	-	-53	-70	-10,182	-3,468	-546
Net Loans	4,254,789	3,092,419	2,116,212	1,658,412	1,326,106	1,126,974
Property, Plant & Equipment	71,078	50,652	44,456	40,919	40,098	39,921
Goodwill	15,437	14,650	-	-	-	-
Other Intangible Assets	14,866	5,564	4,023	3,968	3,283	1,636
Other Receivables	731,070	382,312	98,993	38,259	36,483	22,236
Restricted Cash	1,379,895	1,174,398	863,090	686,097	540,129	343,346
Other Current Assets	28,099	8,845	5,259	611	2,688	2,422
Long-Term Deferred Tax Assets	-	22,554	5,306	-	-	-
Other Long-Term Assets	3,260	129,210	149,854	108,939	45,083	79,073
Total Assets	9,536,398	6,234,688	3,989,009	3,280,454	2,758,148	2,114,037
Accounts Payable	700,239	391,476	202,980	21,145	132,614	82,170
Accrued Expenses	10,947	12,055	3,164	1,014	2,548	2,580
Interest Bearing Deposits	4,589,921	2,362,544	1,718,172	1,388,035	1,102,478	795,106
Non-Interest Bearing Deposits	1,493,127	1,652,267	862,425	636,768	596,548	430,107
Total Deposits	6,083,048	4,014,811	2,580,597	2,024,803	1,699,026	1,225,213
Short-Term Borrowings	48,615	-	1,208	425	27,595	23,650
Current Portion of Long-Term Debt	-	357,237	55,427	22,863	24,957	36,378
Current Income Taxes Payable	65,969	26,835	8,446	3,523	2,307	2,339
Other Current Liabilities	6,981	53,231	62,490	54,838	44,075	54,462
Long-Term Debt	933,830	219,791	206,039	445,550	209,562	191,558
Long-Term Leases	3,410	2,411	525	-	-	-
Long-Term Deferred Tax Liabilities	398	22,905	5,629	-	-	-
Other Long-Term Liabilities	994,675	696,629	548,144	420,999	341,931	261,657
Total Liabilities	8,848,112	5,797,381	3,674,649	2,995,160	2,484,615	1,880,007
Common Stock	16,000	16,000	14,481	14,481	14,481	14,481
Additional Paid-In Capital	113,705	113,705	101,272	101,272	101,272	101,272
Retained Earnings	452,645	247,243	168,588	134,897	118,165	97,308
Comprehensive Income & Other	105,936	60,359	30,019	34,644	39,615	20,969
Shareholders' Equity	688,286	437,307	314,360	285,294	273,533	234,030
Total Liabilities & Equity	9,536,398	6,234,688	3,989,009	3,280,454	2,758,148	2,114,037
Total Debt	985,855	579,439	263,199	468,838	262,114	251,586
Net Cash (Debt)	217,412	-196,855	43,960	-194,804	120,569	53,867
Net Cash Growth	75.92%	-	-	-	123.83%	166.21%
Net Cash Per Share	6.79	-6.15	1.52	-6.73	4.16	1.86
Filing Date Shares Outstanding	32,000	32,000	28,963	28,963	28,963	28,963
Total Common Shares Outstanding	32,000	32,000	28,963	28,963	28,963	28,963
Book Value Per Share	21.51	13.67	10.85	9.85	9.44	8.08
Tangible Book Value	657,983	417,093	310,337	281,326	270,250	232,394
Tangible Book Value Per Share	20.56	13.03	10.72	9.71	9.33	8.02

Source: S&P Capital IQ. Banks template. Financial Sources.