Fidelity Bank posts N11.61bn profit in Q4 2021

Fidelity Bank on Friday published its Unaudited Financial Statement for the year ended 31 December 2021. The result shows significant growth in the Bank’s top line and bottom line figures for the period under review.
Fidelity Bank reported the Gross Earnings of N75.092 billion, up by 46.74% from N51.174 billion reported the previous year.
Profit after tax grew by 85.97% to N11.612 billion from N6.244 billion reported the previous year.
Earnings per share increased year on year by 85.97% to 40 kobo from the EPS of 22 kobo reported in Q4 2020.
At the share price of N2.81, the P/E ratio of Fidelity Bank stands at 7.01x with earnings yield of 14.26%


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