Fidelity Bank Plc has reported a strong first-quarter performance for 2026, with gross earnings rising by 37.9% year-on-year to N434.95 billion, underscoring the bank’s continued expansion in Nigeria’s banking sector.
According to the bank’s unaudited financial results for the quarter ended March 31, 2026, the growth was largely driven by increased interest income and stronger core banking operations. Interest income climbed to N314.48 billion, up from N256.10 billion recorded in the same period of 2025.
The bank also posted a profit before tax of N92.48 billion, while profit after tax settled at N74.47 billion for the quarter. Net interest income stood at N180.97 billion, reflecting the bank’s sustained earnings momentum despite a challenging macroeconomic environment.
On the balance sheet side, Fidelity Bank’s total assets crossed the N11 trillion mark, reaching N11.35 trillion by March 2026, compared to N10.46 trillion at the end of 2025. Customer deposits also increased to N7.38 trillion, signaling continued customer confidence and stronger liquidity positioning.
Managing Director and CEO Nneka Onyeali-Ikpe said the results reflect the resilience of the bank’s business model and the success of its recapitalisation efforts. she stated – “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.”
The performance further strengthens Fidelity Bank’s position among Nigeria’s top-performing financial institutions as competition intensifies within the banking sector.
