Fidelity Bank Plc has reported strong financial performance for the first quarter ended March 31, 2025, with significant growth in both revenue and profit.
According to its unaudited financial results, the bank posted gross earnings of N315.42 billion, marking a 64.21% increase from the N192.09 billion recorded in the same period of 2024.
Profit after tax surged by 189.75% to N95.1 billion, up from N31.44 billion reported in Q1 2024.
Earnings per share rose to N1.81. At a share price of N19.95, Fidelity Bank's price-to-earnings (P/E) ratio stands at 11x, translating to an earnings yield of 9.09%.
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