Fidelity Bank Reports Strong Q3 2024 Results

Fidelity Bank Plc has announced impressive financial results for the third quarter of 2024. The bank recorded substantial growth in both its top and bottom lines.

Financial Highlights for Q3 2024:

  • Gross Earnings: N772.465 billion, a 98.68% year-on-year increase.
  • Profit After Tax: N224.6 billion, a 144.8% year-on-year surge.
  • Earnings Per Share: N7.02
  • P/E Ratio: 2.03x
  • Earnings Yield: 49.24%

These strong results demonstrate Fidelity Bank’s robust performance and its ability to capitalize on growth opportunities in the Nigerian market.

Your Comment:

Related Posts

02

Sep
Business & Economy

SEC launches redesigned website

  • 02/09/2025

The Securities and Exchange Commission (SEC) has officially launched its newly redesigned official website, making a significant approach toward enhancing digital engagement, regulatory transparency, and investor protection. The regulator, in a statement on Monday, said the upgrade introduces a modern design, enhanced functionality, and a streamlined user experience aimed at investors, market operators, and the general public. According to […]

Read Article

01

Sep
Business & Economy

Nigerian Stock Market Extends Losing Streak

The Nigerian stock market closed lower last week, extending its bearish run as profit-taking hit 57 stocks. The All-Share Index (ASI) fell by 0.50%, settling at 140,295.49 points compared to 141,004.14 points in the prior week. Similarly, market capitalization declined by 0.49%, closing at ₦88.769 trillion from ₦89.209 trillion, representing a loss of about ₦440 billion. On[…]

Read Article