Nigeria's Fidelity Bank Q1 2025 Profit Before Tax Surges 168% to NGN 105.8 Billion

Fidelity Bank posted a profit before tax of NGN 105.8 billion for the first quarter of 2025, a 167.8% increase year-on-year. Profit after tax for the period reached NGN 91.1 billion, up 190% from the same quarter in 2024. The results were filed with the Nigerian Exchange (NGX).

Gross earnings climbed to NGN 315.4 billion from NGN 192.1 billion in the first quarter of 2024, an increase of more than 64%. Net interest income reached NGN 190.8 billion, compared with NGN 99.6 billion in Q1 2024.

EARNINGS PER SHARE

Earnings per share rose to 181 kobo in the first quarter of 2025, compared with 98 kobo for the same period a year earlier. EPS rose by about 85%, less than the 190% rise in profit after tax, because the bank's share count increased after its 2024 capital raising.