Fidelity Bank Plc

NGSE:FIDELITYBK Stock Report

Market Cap: ₦512.0b

Fidelity Bank Past Earnings Performance

Past criteria checks 5/6

Fidelity Bank has been growing earnings at an average annual rate of 47.2%, while the Banks industry saw earnings growing at 46.3% annually. Revenues have been growing at an average rate of 36.5% per year. Fidelity Bank's return on equity is 33.8%, and it has net margins of 38.6%.

Key information

47.2%

Earnings growth rate

44.6%

EPS growth rate

Banks Industry Growth30.4%
Revenue growth rate36.5%
Return on equity33.8%
Net Margin38.6%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Fidelity Bank makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NGSE:FIDELITYBK Revenue, expenses and earnings (NGN Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24601,744232,30475,4650
30 Jun 24524,525198,19774,6640
31 Mar 24370,065115,28566,6030
31 Dec 23319,20099,45459,8230
30 Sep 23281,311103,51844,9370
30 Jun 23248,23885,41238,6410
31 Mar 23195,19252,81939,0150
31 Dec 22174,46146,72436,7360
30 Sep 22162,59431,55134,9780
30 Jun 22145,75727,10534,6670
31 Mar 22124,56223,02830,7180
31 Dec 21121,52723,10430,7130
30 Sep 21114,93132,75631,2520
30 Jun 21115,76034,65331,0090
31 Mar 21116,57130,38130,9410
31 Dec 20111,68726,65031,5740
30 Sep 20116,60429,77531,8410
30 Jun 20118,07631,23030,7180
31 Mar 20117,19128,34531,0230
31 Dec 19112,34528,42529,5500
30 Sep 19107,47924,12530,6800
30 Jun 19104,62019,84430,8940
31 Mar 19100,48124,23830,6560
31 Dec 1897,21722,92630,1570
30 Sep 1892,87221,17529,4520
30 Jun 1890,52820,25529,2940
31 Mar 1886,86518,07923,3860
31 Dec 1785,97717,76828,9080
30 Sep 1783,34615,43111,9190
30 Jun 1781,72813,37030,3310
31 Mar 1777,35410,46730,2230
31 Dec 1678,1989,73431,5390
30 Sep 1678,16111,21235,6600
30 Jun 1677,23211,14623,4750
31 Mar 1679,62313,48433,2210
31 Dec 1578,13113,90431,1100
30 Sep 1574,95213,99436,8240
30 Jun 1573,99513,99433,2490
31 Mar 1571,64714,00931,6420
31 Dec 1470,26813,79629,6660
30 Sep 1467,9227,90432,6680
30 Jun 1463,1796,67431,5720
31 Mar 1463,4946,76137,9020
31 Dec 1363,3337,72129,3100

Quality Earnings: FIDELITYBK has high quality earnings.

Growing Profit Margin: FIDELITYBK's current net profit margins (38.6%) are higher than last year (36.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FIDELITYBK's earnings have grown significantly by 47.2% per year over the past 5 years.

Accelerating Growth: FIDELITYBK's earnings growth over the past year (124.4%) exceeds its 5-year average (47.2% per year).

Earnings vs Industry: FIDELITYBK earnings growth over the past year (124.4%) exceeded the Banks industry 120.2%.

Return on Equity

High ROE: Whilst FIDELITYBK's Return on Equity (33.75%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 00:51
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Fidelity Bank Plc is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullARM Research
Jaap MeijerArqaam Capital Research Offshore S.A.L.
Abiodun AdedejiBGL Research