Fidelity Bank Plc has released its unaudited financial statements for the third quarter ended September 30, 2025, showing impressive performance across key income lines and operational metrics. The bank reported gross earnings of 366.1 billion for Q3 2025, an 8 % increase from the 338.9 billion recorded in Q3 2024. This growth was driven by strong interest income and sustained momentum in fee‑based revenues.
Interest income rose by 33 % to 285.6 billion in Q3 2025, compared with 214.7 billion in the same period of 2024. Other interest income more than doubled, increasing from 13.0 billion to 34.2 billion, highlighting significantly improved returns from non‑core lending activities. On a year‑to‑date basis, the bank achieved a major milestone with gross earnings surpassing 1.1 trillion—the highest in its history—and up from 772.5 billion in Q3 2024.
Total assets also crossed the 10 trillion mark, driven by robust growth in cash, customer loans, and investment securities, compared with 8.8 trillion in Q3 2024. Net interest income for the nine‑month period reached 565.3 billion, while fee and commission income totaled 84.5 billion, versus 470.5 billion and 56.3 billion respectively in Q3 2024. Credit loss expenses decreased sharply to 900 million from 32.8 billion in Q3 2024, reflecting improved asset quality and effective risk management.
Fee and commission income grew by 47.2 % to 31.1 billion, up from 21.1 billion in Q3 2024, driven by increased transaction volumes and digital banking adoption. Foreign‑currency revaluation gains contributed 14.1 billion to non‑interest revenue, while other operating income rose to 1.1 billion from 447 million in Q3 2024.
The bank’s performance in Q3 2025 demonstrates its ability to drive growth and improve profitability despite a challenging economic environment. The significant increase in interest income and fee‑based revenues highlights Fidelity Bank’s strong market position and its capacity to capitalize on emerging opportunities. As the bank continues to focus on its strategic objectives, it is likely to maintain its upward trajectory and deliver long‑term value to its stakeholders.
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