Fidelity Bank Reports 37.9% Earnings Growth in Q1 2026

Fidelity Bank Plc announced its financial results for the first quarter of 2026, revealing a gross earnings increase of 37.9%, reaching N434.95 billion compared to N315.42 billion in the first quarter of 2025. The bank's interest income rose by 22.8% to N314.48 billion, while net interest income was reported at N180.97 billion.

The bank's profit before tax was N92.48 billion, leading to a net profit of N74.47 billion for the three-month period ending March 31, 2026. Earnings per share remained high at N5.69.

Fidelity Bank's total assets surpassed N11 trillion, reaching N11.35 trillion as of March 2026, an increase from N10.46 trillion in December 2025. Customer deposits also rose from N6.89 trillion to N7.38 trillion.

Dr. Nneka Onyeali-Ikp, Managing Director of Fidelity Bank Plc, stated that the results reinforce the bank's resilient business model and successful recapitalization, marking a new era of growth.