Fidelity Bank Plc has reported another quarter of solid financial performance, with its unaudited Q3 2025 results showing strong growth across major income lines and continued balance sheet expansion.
According to the financial statements released on the Nigerian Exchange Group (NGX) platform on November 21, 2025 which was made available to Fintechinsights on Friday, Fidelity Bank posted Gross Earnings of ₦366.1 billion for the third quarter, an 8% increase from ₦338.9 billion in Q3 2024. The performance was primarily driven by a sharp rise in interest income and sustained traction in fee-generating activities.
Interest Income which was measured using the effective interest rate also jumped 33% to ₦285.6 billion, up from ₦214.7 billion a year earlier. The Bank also recorded significant gains in Other Interest Income, which more than doubled to ₦34.2 billion compared to ₦13.0 billion in Q3 2024, reflecting stronger returns from non-core lending and treasury activities.
ALSO: FG Tax Reform Sparks Privacy Concerns Amid New Data-Tracking Powers In Nigeria
On a year-to-date basis, Fidelity Bank achieved a historic milestone, with Gross Earnings surpassing ₦1.1 trillion for the first time, compared to ₦772.5 billion in the corresponding period of 2024. Total assets exceeded ₦10 trillion, supported by growth in cash balances, customer lending, and investment securities rose up from ₦8.8 trillion in the prior year.
For the nine-month period, Net Interest Income stood at ₦565.3 billion, while Fee and Commission Income rose to ₦84.5 billion, both higher than the ₦470.5 billion and ₦56.3 billion posted in Q3 2024.
Credit Loss Expenses dropped sharply to ₦900 million, compared to ₦32.8 billion in the previous year, signaling improved asset quality and stronger credit risk controls. Despite this, quarterly Net Interest Income held steady at ₦144.8 billion, versus ₦143.7 billion in Q3 2024.
Fee and Commission Income grew 47.2% year-on-year to ₦31.1 billion, driven by higher transaction volumes and deeper digital banking penetration. Non-interest revenues were also supported by ₦14.1 billion in foreign currency revaluation gains and ₦1.1 billion in other operating income, up from ₦447 million in Q3 2024.
Overall, Fidelity Bank’s Q3 2025 performance highlights strong earnings momentum, enhanced operational efficiency, and continued resilience in a challenging macroeconomic environment.
