Fidelity Bank Management

Management criteria checks 2/4

Fidelity Bank's CEO is Kennedy Onyeali-Ikpe, appointed in Jan 2021, has a tenure of 3.83 years. directly owns 0.22% of the company’s shares, worth NGN1.10B. The average tenure of the management team and the board of directors is 3.8 years and 4 years respectively.

Key information

Kennedy Onyeali-Ikpe

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	3.8yrs
CEO ownership	0.2%
Management average tenure	3.8yrs
Board average tenure	4yrs

Recent management updates

Recent updates

CEO

Kennedy Onyeali-Ikpe (60 yo)

3.8yrs

Tenure

Mrs. Nneka Chinwe Onyeali-Ikpe, also known as Kennedy, serves as Chair of the Board at Fidelity Bank UK Limited since 2024. She serves as Managing Director and Chief Executive Officer at Fidelity Bank Plc...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Nneka Onyeali-Ikpe	MD, CEO & Executive Director	3.8yrs	no data	0.22% NGN 1.1b
Victor Abejegah	CFO & GM	13.8yrs	no data	no data
Stanley Amuchie	Chief Operations & Information	2.8yrs	no data	0.049% NGN 247.7m
Bartholomew Okonkwo	Assistant GM & Chief Information Officer	2.8yrs	no data	no data
Samuel Obioha	Head of Investor Relations	no data	no data	no data
Adeboye Ogunmolade	Chief Compliance Officer & GM	no data	no data	no data
Charles Nwachukwu	Chief Human Resources Officer & Deputy GM	8yrs	no data	no data
Abolore Solebo	GM, Directorate Head of Corporate Banking	no data	no data	no data
Chioma Nwankwo	Deputy GM & Regional Bank Head of Lagos Central Region	no data	no data	no data
Richard Madiebo	GM & Divisional Head of Public Sector	less than a year	no data	no data
Kevin Ugwuoke	Chief Risk Officer	no data	no data	0.12% NGN 616.2m
Tonie Obiefuna	Divisional Head of Corporate Services & Assistant GM	8yrs	no data	no data

3.8yrs

Average Tenure

Experienced Management: FIDELITYBK's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Nneka Onyeali-Ikpe	MD, CEO & Executive Director	9.2yrs	no data	0.22% NGN 1.1b
Stanley Amuchie	Chief Operations & Information	2.8yrs	no data	0.049% NGN 247.7m
Abolore Solebo	GM, Directorate Head of Corporate Banking	less than a year	no data	no data
Kevin Ugwuoke	Chief Risk Officer	4.3yrs	no data	0.12% NGN 616.2m
Kenneth Opara	Executive Director of Lagos & South West and Executive Director	3.8yrs	no data	0.10% NGN 507.0m
Pamela Shodipo	Executive Director of South & Executive Director	2.8yrs	no data	0.040% NGN 200.4m
Nelson Nweke	Non-Executive Director	3.9yrs	no data	0.22% NGN 1.1b
Amaka Onwughalu	Non-Executive Director	3.9yrs	no data	0.014% NGN 69.4m
Chidozie Agbapu	Non-Executive Director	6.2yrs	no data	0.0054% NGN 27.2m
Henry Ikemefuna Obih	Independent Non-Executive Director	4.2yrs	no data	no data
Mustafa Chike-Obi	Non-Executive Chairman	4.3yrs	no data	0.12% NGN 622.4m
Isa Inuwa	Independent Non-Executive Director	4.8yrs	no data	no data

4.0yrs

Average Tenure

Experienced Board: FIDELITYBK's board of directors are considered experienced (4 years average tenure).

Fidelity Bank Management

Management criteria checks 2/4

Key information

Recent management updates

Fidelity Bank Announces the Appointment of Ruth Turkington as Chief Consumer Banking Officer

Fidelity Bank Plc, Annual General Meeting, May 23, 2023

Fidelity Bank Appoints Pamela Shodipo as an Executive Director

Fidelity Bank Plc, Annual General Meeting, May 05, 2022

Fidelity Bank Hires Nancy Coyle as Chief Financial Officer

Fidelity Bank plc Announces Board Changes

Recent updates

Third quarter 2024 earnings released: EPS: ₦2.00 (vs ₦0.93 in 3Q 2023)

Upcoming dividend of ₦0.85 per share

Second quarter 2024 earnings released: EPS: ₦4.01 (vs ₦1.52 in 2Q 2023)

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 19%

First quarter 2024 earnings released: EPS: ₦0.98 (vs ₦0.42 in 1Q 2023)

New minor risk - Share price stability

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Full year 2023 earnings released: EPS: ₦3.17 (vs ₦1.61 in FY 2022)

Investor sentiment deteriorates as stock falls 15%

Third quarter 2023 earnings released: EPS: ₦0.93 (vs ₦0.40 in 3Q 2022)

Consensus revenue estimates increase by 42%

Upcoming dividend of ₦0.25 per share at 7.7% yield

New minor risk - Shareholder dilution

New major risk - Revenue and earnings growth

Second quarter 2023 earnings released: EPS: ₦1.31 (vs ₦0.48 in 2Q 2022)

Investor sentiment improves as stock rises 17%

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 16%

Fidelity Bank Announces the Appointment of Ruth Turkington as Chief Consumer Banking Officer

Fidelity Bank Plc, Annual General Meeting, May 23, 2023

Consensus EPS estimates increase by 24%

Upcoming dividend of ₦0.40 per share at 8.6% yield

First quarter 2023 earnings released: EPS: ₦0.54 (vs ₦0.33 in 1Q 2022)

Investor sentiment improves as stock rises 16%

Fidelity Bank Appoints Pamela Shodipo as an Executive Director

Full year 2022 earnings released: EPS: ₦1.63 (vs ₦1.23 in FY 2021)

Price target increased to ₦4.89

Third quarter 2022 earnings released: EPS: ₦0.40 (vs ₦0.25 in 3Q 2021)

Upcoming dividend of ₦0.10 per share

Second quarter 2022 earnings released: EPS: ₦0.47 (vs ₦0.34 in 2Q 2021)

Fidelity Bank Plc (NGSE:FIDELITYBK) entered into binding term agreement to acquire Union Bank UK plc.

Price target increased to ₦3.88

Price target increased to ₦3.65

Price target decreased to ₦3.19

Upcoming dividend of ₦0.35 per share

Fidelity Bank Plc, Annual General Meeting, May 05, 2022

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Full year 2021 earnings: EPS and revenues miss analyst expectations

Third quarter 2021 earnings released: EPS ₦0.25 (vs ₦0.27 in 3Q 2020)

Price target increased to ₦3.17

Second quarter 2021 earnings released: EPS ₦0.34 (vs ₦0.24 in 2Q 2020)

Consensus EPS estimates fall to ₦0.87

First quarter 2021 earnings released: EPS ₦0.33 (vs ₦0.20 in 1Q 2020)

Investor sentiment deteriorated over the past week

Upcoming dividend of ₦0.22 per share

Full year 2020 earnings released: EPS ₦0.92 (vs ₦0.98 in FY 2019)

New 90-day low: ₦2.23

Fidelity Bank Hires Nancy Coyle as Chief Financial Officer

Price target raised to ₦2.96

Fidelity Bank plc Announces Board Changes

Price target raised to ₦2.75

New 90-day high: ₦2.85

Analysts update estimates

Third quarter 2020 earnings released: EPS ₦0.27

Market bids up stock over the past week

New 90-day high: ₦2.18

New 90-day high: ₦1.90

First half earnings released

Fidelity Bank Plc to Report Nine Months, 2020 Results on Oct 20, 2020

Fidelity Bank Plc Announces Chief Executive Officer Changes

CEO

Tenure

Leadership Team

Average Tenure

Board Members

Average Tenure