Prime Business Africa
Fidelity Bank recorded gross earnings of N 366,11 billion in the third quarter (Q3) of 2025, according to the company’s financial statements for the period ended September 30, 2025.
In the statement, Fidelity Bank said gross earnings increased by 8.04 percent during the period under review, compared to the N338.86 billion generated in the third quarter of 2024.
Join our WhatsApp ChannelThe company reported that interest income increased to N319.76 billion in Q3 2025, surpassing the N227.68 billion reached in Q3 2024, representing a 40.44 percent growth.
Also, interest expense grew by 108.18 percent to N174.93 billion between July and September last year, exceeding the N84.02 billion recorded in the corresponding period in 2024.
Consequently, the bank recorded net interest income of N144.83 billion in Q3 2025, compared to the N143.65 billion reached in the previous year, indicating a 0.82 percent increase.
Also, Fidelity Bank said fee and commission income grew by 47.24 percent year-on-year, from N21.13 billion to N31.12 billion, and fee and commission expense increased by 364.5 percent, from N1.26 billion to N5.86 billion.
The company’s bottom line was further impacted by an 84.26 percent decline in foreign currency revaluation gains, which decreased to N14.09 billion in the third quarter of last year, from the N89.59 billion recorded in Q3 2024.
Fidelity Bank suffered a 50.77 percent decline in its pretax profit after recording N87.67 billion profit before tax (PBT) during the period under review, compared to the N178.11 billion notched up in the third quarter of 2024.
This led to a 68.02 percent decrease in the tax paid for Q3 2025, which was N16.50 billion, below the N51.61 billion tax expense reported in the previous year.
Consequently, Fidelity Bank closed the third quarter of 2025 with N71.16 billion profit after tax (PAT), failing to replicate the N126.50 billion it earned in Q3 2024, reflecting a 43.74 percent decline.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
