Fidelity Bank Plc reported a 37.9% increase in Q1 2026 gross earnings to N434.97 billion. This revenue grew from N315.42 billion recorded in the same period last year.
Profit after tax declined 18.2% to N74.47 billion. A 90% jump in interest expenses primarily caused this drop in profitability.
Fidelity Bank shares fell 9.05% during trading on May 26, 2026. The decline reflects investor concerns over rising funding and credit costs. Total assets surpassed the N11 trillion mark during the quarter.