Fidelity Bank grows profit by 166% in Q2 2023, declares 25 kobo dividend

Fidelity Bank Plc has declared 25 kobo as interim dividend for the period ended 30 June 2023.

The lender reported Gross Earnings of N247.1 billion for the 6 months period, up by 59.58% from N154.84 billion reported the previous year.

Profit after tax (PAT) of the Group grew year on year by 166% to N61.995 billion from N23.307 billion reported the previous year.

The bank's earnings per share stands at N1.94.

At the share price of 7.05, the P/E ratio of Fidelity Bank stands at 3.64x with earnings yield of 27.47%.

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