The Audited Financial Statement of Fidelity Bank Plc for the year ended 31 December 2023 revealed significant growth in the Company’s top line and bottom line figures.
Gross Earnings of N553.896 billion was reported for the 12 months period, up by 64.34% from N337 billion reported the previous year.
Profit after tax grew year on year by 116.8% to N101.296 billion from N46.724 billion reported the previous year.
Earnings per share of the Group stands at N3.16.
At the share price of N12.80, the P/E ratio of Fidelity Bank stands at 4.05x with earnings yield of 24.72%.