By Ayomide Otitoju
Fidelity Bank Plc has posted a solid financial performance for the third quarter ended September 30, 2025, with growth recorded across major income lines and operational indicators. The unaudited results were released on the Nigerian Exchange Group (NGX) portal on November 21, 2025.
The Bank reported Gross Earnings of ₦366.1 billion for Q3 2025, an 8 percent rise from ₦338.9 billion posted in the same period of 2024. The improvement was driven by strong interest income and sustained momentum in fee-based revenues.
Interest Income, measured using the effective interest rate method, grew by 33 percent to ₦285.6 billion, up from ₦214.7 billion in Q3 2024. Other Interest Income more than doubled to ₦34.2 billion, compared with ₦13.0 billion a year earlier, reflecting improved returns from non-core lending activities.
On a year-to-date basis, Fidelity Bank surpassed a major milestone as Gross Earnings exceeded ₦1.1 trillion for the first time, rising from ₦772.5 billion in the corresponding period of 2024. Total assets also crossed the ₦10 trillion mark, compared with ₦8.8 trillion in Q3 2024, supported by growth in cash balances, customer loans, and investment securities.
Net Interest Income for the nine-month period stood at ₦565.3 billion, up from ₦470.5 billion last year, while fee and commission income rose to ₦84.5 billion from ₦56.3 billion in Q3 2024.
Credit Loss Expenses dropped significantly to ₦900 million from ₦32.8 billion in Q3 2024, reflecting improved asset quality and effective risk management. Despite this, Net Interest Income for the quarter was relatively flat at ₦144.8 billion, compared with ₦143.7 billion in 2024.
Fee and Commission Income for the quarter grew by 47.2 percent to ₦31.1 billion, driven by higher transaction volumes and increased digital banking usage. Foreign currency revaluation gains added ₦14.1 billion to Non-Interest Revenue, while other Operating Income rose to ₦1.1 billion from ₦447 million in Q3 2024.
