Q3 2025: Fidelity Bank Records 33% Growth in Interest Income, 47% Rise in Fee Income

Fidelity Bank Plc, one of Nigeria’s leading financial institutions, has posted strong performance indicators in its unaudited financial statements for the third quarter ended September 30, 2025. The results, released on the Nigerian Exchange Group (NGX) portal on November 21, 2025, highlight solid growth across core income lines and operational metrics.

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The Bank reported Gross Earnings of ₦366.1 billion for Q3 2025, representing an 8% increase over the ₦338.9 billion recorded in the same period of 2024. This uptick was supported by robust interest income and continued expansion in fee-based revenues.

Interest Income — computed using the effective interest rate method — surged by 33% to ₦285.6 billion, up from ₦214.7 billion in Q3 2024. Additionally, Other Interest Income more than doubled, rising to ₦34.2 billion from ₦13.0 billion in the corresponding quarter of 2024, signalling stronger returns from non-core lending activities.

On a year-to-date basis, Fidelity Bank crossed a significant milestone, with Gross Earnings exceeding ₦1.1 trillion, the highest in the Bank’s history. This marks a notable increase from ₦772.5 billion reported as of Q3 2024. The Bank also saw its total assets rise above ₦10 trillion, driven by growth in cash balances, customer loans, and investment securities, compared to ₦8.8 trillion recorded in Q3 2024.

For the nine-month period, Net Interest Income stood at ₦565.3 billion, while Fee and Commission Income totaled ₦84.5 billion, up from ₦470.5 billion and ₦56.3 billion respectively in Q3 2024.

Credit Loss Expenses dropped significantly to ₦900 million, from ₦32.8 billion in Q3 2024. Despite this, quarterly Net Interest Income remained relatively steady at ₦144.8 billion, compared with ₦143.7 billion in the same period of 2024 reflecting enhanced asset quality and stronger risk management frameworks.

Fee and Commission Income showed impressive momentum, climbing 47.2% to ₦31.1 billion, up from ₦21.1 billion in Q3 2024, propelled by higher transaction volumes and increased adoption of digital banking channels.

Meanwhile, foreign currency revaluation gains contributed ₦14.1 billion to Non-Interest Revenue, and Other Operating Income grew to ₦1.1 billion, compared with ₦447 million recorded in Q3 2024.