Fidelity Bank Plc recorded an improvement in its liquidity position in the 2025 financial year, with cash and cash equivalents increasing above the N1tn mark.
The bank’s audited financial statements for the year ended December 31, 2025, showed that cash and cash equivalents rose by 87 per cent to N1.32tn from N707.45bn in 2024.
Restricted balances with the Central Bank of Nigeria also increased by 4.1 per cent to N1.65tn, compared with N1.59tn in the previous year.
Customer deposits grew by 16.1 per cent to N6.89tn from N5.94tn, while total assets increased by 18.6 per cent to N10.46tn from N8.82tn in 2024.
Gross earnings rose by 45.6 per cent to N1.52tn, compared with N1.04tn in the preceding year. Interest and similar income increased by 38.7 per cent to N1.11tn, while net interest income rose by 32 per cent to N831.35bn.
Credit loss expenses declined to N21.61bn from N56.44bn in 2024, resulting in net interest income after impairment charges of N809.74bn, a 41.2 per cent increase.
Non-interest income also increased, with fee and commission income rising by 44.7 per cent to N113.36bn, while foreign exchange revaluation gains grew to N99.58bn from N11.72bn.
Investment securities increased during the period, with debt instruments classified at fair value through other comprehensive income rising by 199 per cent to N557.78bn. Debt instruments at amortised cost increased by 27.2 per cent to N1.97tn.
Shareholders’ funds rose by 21.1 per cent to N1.09tn from N897.87bn, while statutory and regulatory reserves also recorded increases.
The bank’s performance was achieved within a tight monetary environment characterised by high interest rates and liquidity pressures in the financial sector.
On the Nigerian Exchange, Fidelity Bank’s share price rose from N19.00 at the start of the year to N21.90, representing a year-to-date increase of 15.3 per cent.
The bank’s market capitalisation currently stands at about N1.1tn, ranking it among the listed companies on the Nigerian Exchange.
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