Fidelity Bank Posts Strong Q1 Growth

Fidelity Bank Plc delivered a strong financial performance in the first quarter of 2026, reporting a 37.9 per cent rise in gross earnings to N434.95 billion. The impressive result highlights the bank’s growing earnings strength and expanding business operations.

According to the lender’s interim financial report filed on the Nigerian Exchange (NGX), gross earnings climbed from N315.42 billion in the same period of 2025. The growth came mainly from stronger core banking activities and higher interest income, which increased by 22.8 per cent to N314.48 billion from N256.10 billion recorded a year earlier.

The bank’s Q1 2026 results also showed net interest income of N180.97 billion, while profit before tax reached N92.48 billion. Profit after tax closed at N74.47 billion, with earnings per share standing at N5.69.

Beyond earnings growth, Fidelity Bank Plc improved its financial position during the quarter. Total assets rose from N10.46 trillion in December 2025 to N11.35 trillion by March 2026. Customer deposits also increased to N7.38 trillion from N6.89 trillion.

The lender further strengthened shareholders’ funds, with total equity jumping 27.5 per cent to N1.39 trillion. Analysts believe the successful bank recapitalisation exercise completed in 2025 has continued to support this positive momentum.

Managing Director and Chief Executive Officer Nneka Onyeali-Ikpe described the results as proof of the bank’s resilience and long-term strategy. She said the institution now stands in a stronger position for future expansion and higher returns.

“We are on a stronger footing and confident that we will set new growth records that are reflective of our legacy and the future we are working on,” Onyeali-Ikpe said.