Fidelity Bank Past Earnings Performance
Past criteria checks 4/6
Fidelity Bank has been growing earnings at an average annual rate of 34.3%, while the Banks industry saw earnings growing at 36.1% annually. Revenues have been growing at an average rate of 25.9% per year. Fidelity Bank's return on equity is 24.7%, and it has net margins of 31.2%.
Key information
34.3%
Earnings growth rate
32.0%
EPS growth rate
| Banks Industry Growth | 30.4% |
| Revenue growth rate | 25.9% |
| Return on equity | 24.7% |
| Net Margin | 31.2% |
| Last Earnings Update | 31 Mar 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
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 370,065 | 115,285 | 66,603 | 0 |
| 31 Dec 23 | 319,200 | 99,454 | 59,823 | 0 |
| 30 Sep 23 | 281,312 | 105,800 | 44,606 | 0 |
| 30 Jun 23 | 248,240 | 87,694 | 38,309 | 0 |
| 31 Mar 23 | 195,192 | 52,819 | 39,015 | 0 |
| 31 Dec 22 | 174,461 | 46,724 | 36,736 | 0 |
| 30 Sep 22 | 162,594 | 31,551 | 34,978 | 0 |
| 30 Jun 22 | 145,757 | 27,105 | 34,667 | 0 |
| 31 Mar 22 | 124,562 | 23,028 | 30,718 | 0 |
| 31 Dec 21 | 121,527 | 23,104 | 30,713 | 0 |
| 30 Sep 21 | 114,931 | 32,756 | 31,252 | 0 |
| 30 Jun 21 | 115,760 | 34,653 | 31,009 | 0 |
| 31 Mar 21 | 116,571 | 30,381 | 30,941 | 0 |
| 31 Dec 20 | 111,687 | 26,650 | 31,574 | 0 |
| 30 Sep 20 | 116,604 | 29,775 | 31,841 | 0 |
| 30 Jun 20 | 118,076 | 31,230 | 30,718 | 0 |
| 31 Mar 20 | 117,191 | 28,345 | 31,023 | 0 |
| 31 Dec 19 | 112,345 | 28,425 | 29,550 | 0 |
| 30 Sep 19 | 107,479 | 24,125 | 30,680 | 0 |
| 30 Jun 19 | 104,620 | 19,844 | 30,894 | 0 |
| 31 Mar 19 | 100,481 | 24,238 | 30,656 | 0 |
| 31 Dec 18 | 97,217 | 22,926 | 30,157 | 0 |
| 30 Sep 18 | 92,872 | 21,175 | 29,452 | 0 |
| 30 Jun 18 | 90,528 | 20,255 | 29,294 | 0 |
| 31 Mar 18 | 86,865 | 18,079 | 23,386 | 0 |
| 31 Dec 17 | 85,977 | 17,768 | 28,908 | 0 |
| 30 Sep 17 | 83,346 | 15,431 | 11,919 | 0 |
| 30 Jun 17 | 81,728 | 13,370 | 30,331 | 0 |
| 31 Mar 17 | 77,354 | 10,467 | 30,223 | 0 |
| 31 Dec 16 | 78,198 | 9,734 | 31,539 | 0 |
| 30 Sep 16 | 78,161 | 11,212 | 35,660 | 0 |
| 30 Jun 16 | 77,232 | 11,146 | 23,475 | 0 |
| 31 Mar 16 | 79,623 | 13,484 | 33,221 | 0 |
| 31 Dec 15 | 78,131 | 13,904 | 31,110 | 0 |
| 30 Sep 15 | 74,952 | 13,994 | 36,824 | 0 |
| 30 Jun 15 | 73,995 | 13,994 | 33,249 | 0 |
| 31 Mar 15 | 71,647 | 14,009 | 31,642 | 0 |
| 31 Dec 14 | 70,268 | 13,796 | 29,666 | 0 |
| 30 Sep 14 | 67,922 | 7,904 | 32,668 | 0 |
| 30 Jun 14 | 63,179 | 6,674 | 31,572 | 0 |
| 31 Mar 14 | 63,494 | 6,761 | 37,902 | 0 |
| 31 Dec 13 | 63,333 | 7,721 | 29,310 | 0 |
| 30 Sep 13 | 71,899 | 16,379 | 59,820 | 0 |
| 30 Jun 13 | 74,443 | 19,679 | 51,358 | 0 |
Quality Earnings: FIDELITYBK has high quality earnings.
Growing Profit Margin: FIDELITYBK's current net profit margins (31.2%) are higher than last year (27.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FIDELITYBK's earnings have grown significantly by 34.3% per year over the past 5 years.
Accelerating Growth: FIDELITYBK's earnings growth over the past year (118.3%) exceeds its 5-year average (34.3% per year).
Earnings vs Industry: FIDELITYBK earnings growth over the past year (118.3%) did not outperform the Banks industry 190.3%.
Return on Equity
High ROE: Whilst FIDELITYBK's Return on Equity (24.68%) is high, this metric is skewed due to their high level of debt.