Fidelity Bank recorded a significant improvement in its liquidity position in the 2025 financial year, with cash and cash equivalents rising by 87 percent to N1.32 trillion, driven by stronger cash buffers, increased deposit mobilisation, and growth in interest-earning assets.
According to the bank’s audited financial statement for the year ended December 31, 2025, cash and cash equivalents increased from N707.45 billion recorded in 2024, highlighting a stronger liquidity profile despite Nigeria’s tight monetary environment.
Restricted balances with the Central Bank of Nigeria also rose by 4.1 percent to N1.65 trillion from N1.59 trillion in the previous year.
The improved liquidity position coincided with strong growth in customer deposits, which climbed by 16.1 percent to N6.89 trillion from N5.94 trillion, reflecting sustained customer confidence and expansion in the bank’s funding base.
Fidelity Bank’s total assets expanded by 18.6 percent to N10.46 trillion from N8.82 trillion, supported by growth in investment securities, liquid assets, and other financial instruments.
The bank also posted robust earnings performance during the period, with gross earnings increasing by 45.6 percent to N1.52 trillion from N1.04 trillion in 2024. The growth was largely driven by higher interest income and foreign exchange-related gains.
Interest and similar income rose by 38.7 percent to N1.11 trillion, while net interest income increased by 32 percent to N831.35 billion.
The lender further strengthened its credit risk position as credit loss expenses declined significantly to N21.61 billion from N56.44 billion in the previous year. Consequently, net interest income after credit losses rose by 41.2 percent to N809.74 billion.
Non-interest income performance also remained strong, with fee and commission income growing by 44.7 percent to N113.36 billion. Foreign currency revaluation gains surged to N99.58 billion, compared to N11.72 billion recorded in 2024.
During the year, Fidelity Bank expanded its investment portfolio, with debt instruments measured at fair value through other comprehensive income (FVOCI) rising by 199 percent to N557.78 billion. Debt instruments measured at amortised cost also increased by 27.2 percent to N1.97 trillion.
Shareholders’ funds crossed the N1 trillion threshold as total equity grew by 21.1 percent to N1.09 trillion from N897.87 billion. Statutory reserves rose by 32.7 percent, while non-distributable regulatory reserves increased by 92.5 percent.
On the Nigerian Exchange, Fidelity Bank’s share price appreciated from N19.00 at the beginning of the year to N21.9 as of Monday, representing a 15.3 percent year-to-date gain.
The bank is currently ranked as the 25th most valuable stock on the Nigerian Exchange Group with a market capitalisation of approximately N1.1 trillion, accounting for about 0.686 percent of the Nigerian equity market.
