Fidelity Bank PLC has announced its audited financial results for the full year ended December 31, 2025, revealing a substantial increase in gross earnings. The bank's gross earnings rose to N1.52 trillion in 2025, marking a 45.6% increase from N1.04 trillion in 2024. This performance was underpinned by strong growth in core banking income lines.

The lender reported a profit before tax of N347.662 billion for 2025, a decrease from N385.215 billion recorded in 2024. However, the bank saw significant growth in interest income, which climbed to N1.299 trillion from N950.588 billion in 2024, a 36.60% year-on-year increase. Fees and commission income also saw a rise, contributing N93.493 billion, up 33.01% year-on-year.

Foreign currency revaluation gains played a significant role, surging by 749.89% to N99.575 billion. Despite a slight decrease in loans and advances to customers by 2.40% to N4.282 trillion, customer deposits grew by 16.07% to N6.891 trillion. Total assets expanded by 18.61% to N10.464 trillion.

The growth in interest income was primarily driven by earnings from loans and advances to customers, which contributed N813.25 billion, a 29.85% year-on-year increase. Income from treasury bills and investment securities added N259.3 billion to the total interest income. Earnings on placements and short-term funds also saw a substantial increase of 247% YoY to N40.47 billion.

Interest expenses increased by 45.62% YoY to N467.173 billion. Credit loss expense saw a significant reduction of 61.71%, amounting to N21.611 billion. Net interest income after credit loss expense grew by 41.24% to N809.742 billion.

The bank's earnings per share stood at N5.80, an 11.04% decrease year-on-year. Retained earnings decreased by 6.37% to N173.461 billion, while shareholders' funds increased by 21.13% to N1.088 trillion.