Fidelity Bank posts N28.03bn profit in FY’20

Fidelity Bank Plc on Friday published its Fourth Quarter report for the year ended, 31 December, 2020.

The bank in the 12 months period reported a Gross Earnings of N205.18 billion, down by 4.79% from the Gross Earnings of N215.5.

Profit after tax for the period under review was N28.03 billion, down by 1.38% from the post-tax profit of N28.43 billion reported in 2019.

Earnings per share (EPS) of the bank stands at N0.97, down by 1.38% from the EPS of N0.98 in 2019.

At the share price of N2.72, the P.E ratio of Fidelity Bank stands at 2.81x with earnings yield of 35.57%.

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