Fidelity Bank Reports 38% Growth in Q1 2026 Earnings

Fidelity Bank Plc announced a 37.9% increase in gross earnings, reaching N434.95 billion for the first quarter of 2026, compared to N315.42 billion in the same period of 2025. This growth was primarily driven by a 22.8% rise in interest income, which climbed from N256.10 billion in Q1 2025 to N314.48 billion in Q1 2026.

The bank's net interest income stood at N180.97 billion, with a profit before tax of N92.48 billion and a net profit of N74.47 billion for the review period. Earnings per share remained strong at N5.69.

Fidelity Bank's total assets crossed the N11 trillion mark, reaching N11.35 trillion as of March 2026, up from N10.46 trillion in December 2025. Customer deposits increased from N6.89 trillion to N7.38 trillion during this period.

The bank's total equity rose by 27.5% to N1.39 trillion. Nneka Onyeali-Ikpe, the Managing Director and Chief Executive Officer, stated that these results reflect the bank's resilient business model and successful recapitalization efforts.