Fidelity Bank Plc has posted a 45% rise in gross earnings for the 2025 financial year, while its shareholders’ funds have moved above the N1 trillion level, supported by steady balance sheet growth and additional capital raised.
Audited results for the year ended December 31, 2025 show strong performance across key indicators. Gross earnings reached N1.5 trillion, up from N1.04 trillion in 2024.
Net interest income also strengthened, climbing to N831.3 billion from N629.7 billion the previous year, driven by higher interest rates and expansion in interest-earning assets.
Interest and similar income calculated using the effective interest rate increased by 38.7% to N1.11 trillion, compared to N803.05 billion in 2024. Other interest-related income also rose by 25.1% to N184.51 billion.
After accounting for credit losses, net interest income improved by 41.2% to N809.74 billion from N573.33 billion. Credit loss expenses declined significantly to N21.61 billion from N56.44 billion, reflecting a 61.7% improvement in asset quality costs.
The bank continued to expand its digital services, improve customer experience, and support key sectors of the economy. Non-interest income also performed strongly, with fees and commissions rising by 44.7% to N113.36 billion from N78.36 billion. This growth was supported by earnings from letters of credit, ATM charges, foreign bills commissions, account maintenance fees, and electronic banking services.
Other operating income surged by 200.5% to N8.24 billion, while foreign exchange revaluation gains jumped sharply by 749.9% to N99.58 billion from N11.72 billion in 2024.
Investment assets also recorded significant expansion, reflecting stronger activity in fixed income and securities markets. Debt instruments measured at fair value through other comprehensive income increased by 199% to N557.78 billion. Those held at amortised cost rose by 27.2% to N1.97 trillion, while equity instruments in the same category climbed by 26.2% to N87.85 billion.
Financial assets at fair value through profit or loss rose by 280.7% to N2.75 billion, alongside a new gain of N988 million from derecognition transactions.
On the balance sheet, liquidity improved as cash and cash equivalents grew by 87% to N1.32 trillion. Restricted balances with the Central Bank of Nigeria also increased to N1.65 trillion from N1.59 trillion.
Other assets expanded by 76.4% to N278.89 billion. Property, plant, and equipment rose by 161.6% to N203.72 billion, while intangible assets climbed 147.5% to N50.44 billion, reflecting continued investment in technology. Deferred tax assets also rose sharply to N33.10 billion from N5.31 billion.
Borrowings declined slightly, with debts and other funded obligations falling to N888.95 billion from N929.60 billion, indicating reduced reliance on external financing. Deferred tax liabilities were fully cleared, dropping from N727 million to zero.
Total assets increased by 18.6% to N10.46 trillion, supported by growth in liquid assets and investment securities. Customer deposits rose by 16.1% to N6.89 trillion, showing sustained confidence and stronger funding inflows.
Equity also strengthened, rising 21.1% to N1.09 trillion from N897.87 billion, pushing shareholders’ funds above the N1 trillion mark and enhancing the bank’s capacity to handle larger transactions and support expansion plans.
The bank also completed a private placement involving 12.9 billion ordinary shares in December 2025, raising fresh capital and lifting eligible capital to N532.6 billion above the Central Bank of Nigeria’s N500 billion requirement for internationally authorised banks.
This raised the total issued shares from 50.2 billion to 63.17 billion, significantly boosting the capital base.
The stronger financial position is expected to support increased lending capacity, larger transactions, and the bank’s regional and international growth ambitions.