Nigeria · Delayed Price · Currency is NGN Fidelity Bank Earnings Call Transcripts
Fiscal Year 2025
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Gross earnings surged 45.6% to NGN 1.52 trillion, with net interest margin rising to 12.3% and cost-to-income ratio steady at 54.6%. Regulatory capital was strengthened, and the U.K. subsidiary turned profitable. Dividend payout is planned for 2026, with stable naira outlook.
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Macroeconomic stability and regulatory reforms supported strong financial performance, with net interest margin and non-interest income rising sharply. Capital raise and legal provisions impacted retained earnings, but outlook remains positive with full-year dividend planned.
Fiscal Year 2024
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Net interest margin rose to 12% and cost-to-income ratio improved to 42%, driven by strong deposit mobilization and income growth. Asset quality strengthened, with NPL ratio at 3.1% and cost of risk at 1.5%. Capital raise and UK subsidiary integration supported expansion and profitability.
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Strong H1 2024 performance driven by improved NIM, robust deposit growth, and increased non-interest income. Capital adequacy set to rise post-oversubscribed capital raise, with stable asset quality and a maintained dividend policy.