Fidelity Bank Reports 38% Growth in Q1 2026 Earnings

Fidelity Bank Plc (NGX: FIDELITYBK) announced its financial results for the first quarter of 2026, revealing gross earnings of N434.95 billion, a 37.9% increase from N315.42 billion in Q1 2025. The bank's interest income rose by 22.8% to N314.48 billion, while net interest income reached N180.97 billion.

The profit before tax was reported at N92.48 billion, with a net profit of N74.47 billion for the quarter. Earnings per share remained high at N5.69.

The bank's total assets surpassed N11 trillion, reaching N11.35 trillion as of March 31, 2026, compared to N10.46 trillion in December 2025. Customer deposits increased from N6.89 trillion to N7.38 trillion, and total equity rose by 27.5% to N1.39 trillion.

Dr. Nneka Onyeali-Ikpe, Managing Director of Fidelity Bank, stated that the results reinforce the bank's resilient business model and successful recapitalization, positioning it for future growth.