April 16, 2024/Futureview Research

Highlights of Fidelity Bank Plc Earnings Report:

In Fidelity Bank’s Full-Year 2023 Financial Results, published on April 15, 2024, a remarkable 65% increase in Gross Earnings to N555.83 billion was reported. This surge was propelled by a substantial 55% growth in interest income, coupled with a 562% rise in other operating income and a notable 44% increase in fee and commission income.

The positive momentum extended to the overall performance, as Profit After Tax (PAT) soared by 99% to N99.46 billion compared to the previous year, and Earnings Per Share (EPS) witnessed a robust 93% growth to N3.11. This report highlight Fidelity Bank’s excellent operational performance and the breadth of its income sources.

To find out more, click here to download the report.