Fidelity Bank Hits Record $1.1 Trillion Gross Earnings Mark

Fidelity Bank Plc has reported a period of exceptional growth, unveiling its unaudited financial statements for the third quarter ended September 30, 2025, which reveal impressive performance across all key income lines and operational metrics. The financial results, published on the Nigerian Exchange Group (NGX) portal on November 21, confirm the bank’s accelerating momentum in a challenging financial landscape.

For the third quarter, the leading financial institution recorded Gross Earnings of ₦366.1 billion, marking an 8 per cent increase from the ₦338.9 billion recorded in the corresponding period of 2024. This growth trajectory was primarily fueled by a sharp rise in interest income and a sustained, robust momentum in fee-based revenues.

A cornerstone of the bank’s strong performance was its Interest Income, calculated using the effective interest rate method, which soared by 33 per cent, reaching ₦285.6 billion in Q3 2025, up from ₦214.7 billion in Q3 2024. Furthermore, Other Interest Income more than doubled, dramatically rising from ₦13.0 billion in Q3 2024 to ₦34.2 billion, underscoring significantly improved returns harvested from non-core lending and asset management activities.

On a year-to-date basis, Fidelity Bank achieved a historic milestone by reporting Gross Earnings that surpassed the ₦1.1 trillion mark, the highest in the bank’s history, representing a major surge from ₦772.5 billion reported in the first nine months of 2024. The bank’s balance sheet also expanded substantially, with Total Assets crossing the ₦10 trillion threshold, driven by robust growth in cash reserves, customer loans, and investment securities, compared to ₦8.8 trillion in Q3 2024.

The momentum was equally strong in fee-based revenue. Fee and Commission Income saw spectacular growth of 47.2 per cent, climbing to ₦31.1 billion from ₦21.1 billion in Q3 2024. This sharp increase reflects the successful expansion of the bank’s transaction volumes and the accelerating adoption of its digital banking platforms by customers.

For the nine-month period, Net Interest Income reached ₦565.3 billion, significantly higher than the ₦470.5 billion recorded in the same period last year. Similarly, fee and commission income year-to-date totaled ₦84.5 billion, increasing substantially from ₦56.3 billion in Q3 2024. The bank’s effective risk management was highlighted by the movement in Credit Loss Expenses, which fell sharply to ₦900 million from ₦32.8 billion in Q3 2024. However, the quarterly Net Interest Income remained relatively flat at ₦144.8 billion, compared to ₦143.7 billion in the corresponding quarter, suggesting improved asset quality offset some of the gains.

Non-Interest Revenue was further boosted by a foreign currency revaluation gain of ₦14.1 billion, benefiting from market fluctuations. Additionally, Other Operating Income rose to ₦1.1 billion from ₦447 million in the third quarter of 2024, demonstrating enhanced performance across multiple operational streams.