Fidelity Bank Plc has released its audited financial statements for the year ended 31 December 2025, showing a sharp improvement in revenue and profit alongside balance-sheet growth, even as customer loan balances eased as repayments accelerated. The results highlight stronger performance across core banking lines and a continued push to deepen its customer franchise through digital channels and branch coverage.
Key takeaways
- Gross earnings climbed 45.6% year on year to N1.52 trillion for FY 2025, up from N1.04 trillion in FY 2024.
- Profit before tax rose to N347.7 billion, supported by higher interest and fee income.
- Total assets increased 18.6% to N10.46 trillion, while customer deposits grew 16.1% to N6.89 trillion.
- Eligible capital reached N561 billion, exceeding the N500 billion regulatory minimum for international-authorised banks.
- Capital adequacy stood at 30.94% as at 31 December 2025, compared with 23.47% a year earlier.
Earnings momentum lifts profit
For the period, Fidelity Bank reported gross earnings growth of 45.6%, rising from N1.04 trillion in 2024 to N1.52 trillion in FY 2025. Management attributed the expansion to stronger topline momentum across key business segments.
Profit before tax came in at N347.7 billion. The figure was driven by a 38.7% year-on-year increase in interest income to N1.11 trillion, compared with N803.1 billion in FY 2024. Fee and commission income also strengthened, growing 44.7% year on year to N113.4 billion from N78.4 billion the previous year.
Balance sheet expands, but loan book contracts
On the balance sheet, the bank’s total assets rose 18.6% year on year to N10.46 trillion (from N8.82 trillion in FY 2024). Customer deposits grew 16.1% to N6.89 trillion (from N5.94 trillion in FY 2024), reflecting continued franchise strength and customer confidence in the brand.
Despite the deposit growth and asset expansion, net loans and advances declined 2.4% year on year to N4.28 trillion (down from N4.39 trillion in FY 2024). Fidelity said the movement reflected customers paying down mature obligations.
Capital position remains strong
Fidelity Bank also reported improvements to its capital base during the year. Eligible capital increased to N561 billion, which sits above the N500 billion minimum required for banks with international authorisation.
Capital adequacy remained robust, with the Capital Adequacy Ratio at 30.94% as at 31 December 2025, compared with 23.47% in FY 2024.
Scale of operations and awards
Fidelity Bank is described as a full-fledged Commercial Deposit Money Bank serving more than 9.1 million customers. It operates through digital banking channels and 255 business offices across Nigeria, alongside its United Kingdom subsidiary, FidBank UK Limited.
The bank also highlighted recognition it received in 2024. It won the Excellence in Digital Transformation and MSME Banking Award at the BusinessDay Banks and Financial Institutions (BAFI) Awards, received a Most Innovative Mobile Banking Application Award for its Fidelity Mobile App from Global Business Outlook, and was named Most Innovative Investment Banking Service Provider by Global Brands Magazine.
In addition, Fidelity Bank was recognised as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and was awarded Export Financing Bank of the Year at the BusinessDay Banks and Financial Institutions (BAFI) Awards.
