September 27, 2018/InvestmentOne Report Net interest income of N13.9billion, down 17.7% q/q; down 23.2% y/y Non-interest income of N10.1billion, up 141% q/q, up 34.4% y/y Profit before tax of N8.1billion, up 62.2% q/q; up 49.9% y/y Profit after tax of N7.2billion, up 57.1% q/q; up 53.3% y/y Yesterday, Fidelity Bank […]
Results & Dividends
Fidelity Bank H1”18 Results – Lower Impairments; Higher Non-Interest Income Propels Earnings
Culled—Proshare September 27, 2018/CardinalStone Research Fidelity Bank Plc (FIDELITYBK) H1’18 results – Gross earnings rose by 3.6% YoY to N88.9 billion, in line with our estimate of N86.5 billion (+2.8% deviation). More remarkably, after tax profit leapt by 31.1% YoY to N11.8 […]
Fidelity Bank Shares Have Declined by -30.9% YTD, Underperforming The NSEASI by 17%
Culled—Proshare September 26, 2018/FBNQuest Research Event: Fidelity Bank reports Q2 2018 results Implications: When annualised Fidelity Bank’s H1 2018 PBT and PAT of N13.0bn and N8.5bn are both tracking well ahead of consensus 2018E forecasts of N19.8bn and N16.0bn respectively. Consequently, we expect the market to react positively to these […]
