Fidelity Bank Plc has announced a strong financial performance for the first quarter of 2026, revealing that its gross earnings rose significantly to N434.95 billion.
According to the bank, the figure represents a 37.9 percent increase compared to the N315.42 billion recorded during the same period in 2025.
In a statement released on Tuesday, Fidelity Bank attributed the impressive growth to stronger performance in its core banking operations and rising interest income.
The bank disclosed that its interest income increased by 22.8 percent, climbing from N256.10 billion in the first quarter of 2025 to N314.48 billion in Q1 2026.
Fidelity Bank also reported a net interest income of N180.97 billion for the three-month period.
Its profit before tax stood at N92.48 billion, while net profit after tax was reported at N74.47 billion.
The bank added that earnings per share remained strong at N5.69, which it said reflects its ability to continue delivering value to shareholders.
Beyond profitability, Fidelity Bank revealed that its financial position became even stronger during the period.
According to the statement, the bank’s total assets crossed the N11 trillion mark, rising from N10.46 trillion in December 2025 to N11.35 trillion by March 2026.
Customer deposits also recorded significant growth, increasing from N6.89 trillion to N7.38 trillion within the same period.
In addition, total equity rose by 27.5 percent from N1.09 trillion in December 2025 to N1.39 trillion in March 2026.
Reacting to the results, the Managing Director and Chief Executive Officer of Fidelity Bank, Nneka Onyeali-Ikpe, described the performance as proof of the bank’s resilience and long-term growth strategy.
She stated that the successful completion of the bank’s recapitalisation programme has positioned Fidelity Bank for a new phase of expansion and stronger financial growth.
“We are on a stronger footing and confident that we will set new growth records,” the CEO said.
The latest financial report has sparked positive reactions among investors and stakeholders, with many viewing the results as another sign of growth within Nigeria’s banking sector.
Source: Fidelity Bank Q1 2026 financial statement.
