Fidelity Bank Posts Strong Q3 2025 Performance, Interest Income Up 33%, Fee Income Climbs 47%

Fidelity Bank Posts Strong Q3 2025 Performance, Interest Income Up 33%, Fee Income Climbs 47%

Fidelity Bank Plc has recorded robust growth across its major revenue lines, according to its unaudited financial statements for the third quarter ended September 30, 2025, released on the Nigerian Exchange Group (NGX) portal on November 21.

The bank posted Gross Earnings of ₦366.1 billion in Q3 2025, an 8% increase from the ₦338.9 billion reported in the same period of 2024. The growth was fueled by a surge in interest income and continued expansion in fee-based revenues.

Interest Income rose by 33% to ₦285.6 billion, up from ₦214.7 billion in Q3 2024. Notably, Other Interest Income more than doubled to ₦34.2 billion, compared to ₦13.0 billion a year earlier, reflecting improved returns from non-core lending operations.

On a year-to-date basis, Fidelity Bank surpassed a major milestone as Gross Earnings exceeded ₦1.1 trillion for the first time—up from ₦772.5 billion in Q3 2024. Total Assets also crossed the ₦10 trillion threshold, driven by growth in cash balances, customer lending, and investment securities, compared to ₦8.8 trillion in the previous year.

Net Interest Income for the nine-month period stood at ₦565.3 billion, while Fee and Commission Income totaled ₦84.5 billion, both higher than the ₦470.5 billion and ₦56.3 billion reported in Q3 2024 respectively.

The Bank’s Credit Loss Expenses dropped significantly to ₦900 million, from ₦32.8 billion in Q3 2024, underscoring strengthened asset quality. Despite this, quarterly Net Interest Income remained stable at ₦144.8 billion, compared to ₦143.7 billion in the same period of 2024.

Fee and Commission Income for the quarter surged by 47.2% to ₦31.1 billion, up from ₦21.1 billion in Q3 2024, spurred by increased customer transactions and higher adoption of digital banking channels.

Foreign currency revaluation gains contributed ₦14.1 billion to Non-Interest Revenue, while Other Operating Income rose to ₦1.1 billion, up from ₦447 million in Q3 2024.