Fidelity Bank Plc (FIDELITYBK) Earnings Call Transcripts

Fidelity Bank Plc's Latest Earnings Call - May 21, 2026

Fidelity Bank Plc reported a strong performance for the fiscal year 2025, with gross earnings increasing by 45.6% to NGN 1.8 trillion. However, net interest income grew modestly by 6.6%, reflecting a cautious approach to loan growth amid regulatory changes. Management maintained a cost-to-income ratio in line with guidance, emphasizing disciplined cost management despite rising operating expenses. Looking ahead, the bank projects a profit before tax (PBT) increase of 44% to NGN 500 billion for 2026, supported by a focus on non-interest income and expansion plans in Africa.

Reported metrics

Guidance from management

Management projects a profit before tax of NGN 500 billion for 2026, representing a 44% increase. They also plan to maintain a dividend payout of 40% of PAT in 2026, contingent on capital adequacy.

What management said

Thank you very much for the question. At the moment, we have only 1 subsidiary and our investment one subsidiary, and we intend to do 2 more in Africa, 2 to 3 in the next 2 years in Africa between 2 and 5 in Africa and basis because they're brownfield. So we have to first of all get what and then that's what And then we take it from there. So we're looking at 3 to 5 capital expansion in the next 2 years [Audio Gap] ...

Okay. you wanted to ask about if the EBIT levels are sustainable, it is going to be sustained. Now what has happened that some of the cost has to do with As I mentioned, there was a contract for we're growing our balance sheet of costs to increase. And then our deposit liability grow also increase the NDIC premium as well. So as we experience those kind of costs will grow actually is also to ensure that our income is...

What analysts pressed on

Analysts expressed concerns regarding the slow growth of the loan book, which only increased by 2% in 2025 despite a guidance of 15%. There were also questions about the increase in Stage 2 loans and how it might impact future profitability.

Main topics on the call

• Revenue Growth — Fidelity Bank's gross earnings surged by 45.6% to NGN 1.8 trillion, driven by strong performance in non-interest income. CEO Nneka Onyeali-Ikpe stated, "Our financial results highlighted the resilience and adaptability o...
• Net Interest Income — Net interest income rose to NGN 831.4 billion, reflecting a modest growth of 6.6%. Management indicated that this growth was a result of disciplined asset liability management amidst a challenging environment.
• Cost Management — Operating expenses increased by 33.7% to NGN 443.3 billion, primarily due to insurance charges and legal services. The bank maintained its cost-to-income ratio, indicating effective cost management despite rising expense...
• Capital Adequacy and Expansion Plans — Fidelity Bank successfully raised NGN 227 billion, elevating its regulatory capital above the NGN 500 billion minimum threshold. The bank plans to expand its presence in Africa, targeting 2-3 new subsidiaries over the ne...

Read the full Fidelity Bank Plc transcript (May 21, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 16 Fidelity Bank Plc earnings call transcripts on record, spanning March 25, 2020 to May 21, 2026. Based on this history, Fidelity Bank Plc reports semi-annually. The most recent call on file is dated May 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FIDELITYBK

Exchange

NGSE

Country

NG

Sector

Financials

Industry

Banks

Calls on record

16

First call

March 25, 2020

Most recent

May 21, 2026

Reporting cadence

semi-annually