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Review pending. Every figure has been located on its cited source page in an AI-assisted source verification (read from the page image) (9 October 2026). Independent review has not yet been carried out, and these pages are not indexed.AI-assisted source check done; independent review pending; not indexed. About the review

Fidelity Bank

FIDELITYBK · Nigerian Exchange · Consolidated statements

On this page
Company details
Legal name
Fidelity Bank Plc
Listing
FIDELITYBK on the Nigerian Exchange, active · ISIN NGFIDELITYB5 (observed 2026-10-08)
Sector
Not classified (our classification from the stated principal activity)
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Net interest income

    NGN 831 billion

    831,352 NGN millions · p53

    +32.0% vs 2024

    Interest income less interest expense, as printed.

  • Profit / (loss) for the year

    NGN 242 billion

    242,444 NGN millions · p53

    −12.8% vs 2024

  • Total assets

    NGN 10.5 trillion

    10,463,815 NGN millions · p54

    +18.6% vs 2024

  • Customer deposits

    NGN 6.89 trillion

    6,890,909 NGN millions · p54

    +16.1% vs 2024

  • Total equity

    NGN 1.09 trillion

    1,087,588 NGN millions · p54

    +21.1% vs 2024

Large amounts are rounded for reading (NGN million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in NGN millions unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source

Income statement

Income statement, NGN millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Gross Earnings1 1,519,697 1,043,401
Interest and similar income calculated using effective interest rate method 1,114,018 803,054
Other interest and similar income 184,508 147,534
Interest and similar expense calculated using effective interest rate method (467,173) (320,818)
Net interest income 831,352 629,770
Credit loss expense (21,611) (56,441)
Net interest income after credit loss expense2 809,742 573,329
Fee and commission income 113,357 78,355
Fee and commission expense (19,864) (8,043)
Net Gain on derecognition on financial assets measured at amortised cost3 988 –4
Other operating income 8,239 2,742
Foreign Currency Revaluation Gains5 99,575 11,716
Net Gains from financial assets at fair value through profit or loss 2,745 721
Derivative (Losses)/Gains6 (223,790) 57,875
Personnel expenses (80,557) (73,450)
Depreciation , amortisation and Impairment7 (27,489) (15,335)
Other operating expenses (335,285) (242,696)
Profit before income and windfall taxes 347,662 385,215
Income tax expense (99,549) (93,777)
Windfall tax8 (5,669) (13,331)
Profit for the year 242,444 278,106
Other comprehensive income for the year, net of tax 10,020 53,010
TOTAL COMPREHENSIVE INCOME FOR THE YEAR. 252,464 331,116
  1. Printed “-”, read as nil: subtotal_arithmetic: is.profit_before_tax.
Notes and alternative reported figures (7)
  1. “Gross Earnings” is an issuer-specific line, not mapped to a shared definition: Memorandum total of gross income (not a step of the statement).
  2. “Net interest income after credit loss expense” is an issuer-specific line, not mapped to a shared definition: Net interest income less credit loss expense.
  3. “Net Gain on derecognition on financial assets measured at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 10.
  4. “Foreign Currency Revaluation Gains” is an issuer-specific line, not mapped to a shared definition: Note 11.1.
  5. “Derivative (Losses)/Gains” is an issuer-specific line, not mapped to a shared definition: Note 12.2.
  6. “Depreciation , amortisation and Impairment”: mapping to a shared definition is uncertain. One line for depreciation, amortisation and impairment.
  7. “Windfall tax” is an issuer-specific line, not mapped to a shared definition: Windfall tax on foreign-exchange revaluation gains.

Balance sheet

Balance sheet, NGN millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash and Cash equivalents 1,323,194 707,450
Restricted balances with central bank1 1,650,910 1,586,350
Loans and advances to customers 4,281,688 4,387,108
Derivative financial assets 410 50,293
Financial assets at fair value through profit or loss 7,166 5,113
Debt instruments at fair value through other comprehensive income 557,783 186,571
Debt instrument at amortised cost 1,974,622 1,552,347
Equity instruments at fair value through other comprehensive income2 87,849 69,635
Other assets 278,886 158,116
Property, plant and equipment 203,719 77,876
Right of Use Assets 3,493 3,750
Intangible assets 50,439 20,380
Goodwill3 10,561 11,443
Deferred tax Assets 33,095 5,305
TOTAL ASSETS 10,463,815 8,821,737
Deposits from customers 6,890,909 5,937,064
Derivative financial liabilities 194,376 –4
Current income tax payable 139,463 113,910
Other liabilities 1,242,178 938,776
Provision 20,351 3,791
Debts issued and other borrowed funds 888,950 929,595
Deferred tax liabilities –4 727
TOTAL LIABILITIES 9,376,227 7,923,863
Share capital 25,100 25,100
Share premium 280,455 280,455
Retained earnings 173,461 185,256
Statutory reserve5 144,289 108,699
Small scale investment reserve (SSI)6 764 764
Non-distributable regulatory reserve (NDR)7 299,701 155,665
Translation reserve8 34,523 44,194
Fair value reserve 88,867 69,176
AGSMEIS reserve9 40,428 28,565
Total equity 1,087,588 897,874
TOTAL LIABILITIES AND EQUITY 10,463,815 8,821,737
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
Notes and alternative reported figures (8)
  1. “Restricted balances with central bank” is an issuer-specific line, not mapped to a shared definition: Note 20: cash reserve requirement.
  2. “Equity instruments at fair value through other comprehensive income”: mapping to a shared definition is uncertain. Equity instruments at FVOCI; recorded under investment securities.
  3. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 21: goodwill on the acquisition of Fidelity Bank UK (former Union Bank UK).
  4. “Statutory reserve” is an issuer-specific line, not mapped to a shared definition: Note 35.
  5. “Small scale investment reserve (SSI)” is an issuer-specific line, not mapped to a shared definition: Note 35.
  6. “Non-distributable regulatory reserve (NDR)” is an issuer-specific line, not mapped to a shared definition: Note 35.
  7. “Translation reserve” is an issuer-specific line, not mapped to a shared definition: Note 35: foreign operations (Fidelity Bank UK).
  8. “AGSMEIS reserve” is an issuer-specific line, not mapped to a shared definition: Note 35: Agri-Business/Small and Medium Enterprises Investment Scheme reserve.

Cash flow

Cash flow, NGN millions. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Cash flows from operations 697,786 308,150
Interest received1 1,276,998 812,434
Interest paid2 (536,994) (336,029)
Income tax paid (92,165) (22,635)
Net cash flows from operating activities 1,345,624 761,921
Purchase of property, plant and equipment (142,963) (38,452)
Purchase of intangible assets (42,217) (19,020)
Net cash flows used in investing activities (759,477) (632,749)
Dividends paid (62,750) (46,400)
Proceeds from Issue of shares3 227,045 175,850
Net cash flows used in financing activities 117,456 181,730
Net increase in cash and cash equivalents 703,603 310,902
Net foreign exchange difference on cash and cash equivalents (87,859) 32,371
Cash and cash equivalents as at 1 January 707,450 364,177
Cash and cash equivalents as at 31 December 1,323,973 709,155
Notes and alternative reported figures (3)
  1. “Interest received” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 36b).
  2. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities (note 36c).
  3. “Proceeds from Issue of shares” is an issuer-specific line, not mapped to a shared definition: Financing activities.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filing
Earnings / (loss) per share (per share)3 5.801 6.522
  1. Printed as 580 kobo; value converted to NGN at 100 kobo = 1 NGN.
  2. Printed as 652 kobo; value converted to NGN at 100 kobo = 1 NGN.
Notes and alternative reported figures (1)
  1. Earnings / (loss) per share: printed as “Basic and diluted (in kobo)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid (62,750) NGN millions Annual report, p57
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid (46,400) NGN millions Annual report, p57

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Fidelity Bank Plc Reports and Financial Statements for the Year ended 31 December 2025

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: Deloitte & Touche, unmodified opinion · signed

    Auditor's sign-off: Deloitte & Touche; engagement partner Michael Daudu (FRC/2013/PRO/ICAN/004/00000000845)

    Final status: Independent auditor's report signed for Deloitte & Touche by engagement partner Michael Daudu, with the ICAN seal, dated 11 May 2026 (PDF p49, page image); statements approved by the board on 9 March 2026 and signed by the chairman, managing director and chief financial officer (PDF p54, page image).

    Document date
    11 May 2026
    Published
    12 May 2026
    Auditor's report
    11 May 2026
    Board approval
    9 Mar 2026
    Retrieved by us
    8 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · NGN millions (printed “N'million”)
    • Cash and cash equivalents at 31 December in the statement of cash flows (1 323 973; 2024: 709 155) differ from the statement of financial position (1 323 194; 2024: 707 450) and from opening cash plus the year's movements. Kept as printed.
    • Earnings per share printed in kobo (580; 2024: 652, p53) is stored in naira (÷100) with the printed figure and unit kept.
    Technical details
    File
    187 pages, with a text layer
    SHA-256
    132682e5cc9f846e07a398ba4334409a70099db119bb8acb41b7a3b53b93c239
    Entity as printed
    Fidelity Bank Plc and its subsidiary (the Group and Bank)
    Exchange copy
    retrieved 2026-10-08T18:01:28Z

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been located on its cited source page in an AI-assisted source verification (read from the page image) (9 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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Figures shown on this page (CSV) — the same selected figures at their exact printed values, each with its source document, SHA-256, page, selection rule and reading. Independent review of these figures is pending.

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