Fidelity Bank Plc reports 144.8% rise in profit after tax

Fidelity Bank Plc in the Third Quarter of 2024 has reported significant growth in its topline and bottom line figures, year on year.

The Financial Institution reported Gross Earnings of N772.465 billion for the 9 months period, up by 98.68% from N388.794 billion reported the previous year.

Profit after tax grew year on year by 144.8% to N224.6 billion from N91.75 billion reported in Q3 2023.

Earnings per share of Fidelity Bank stands at N7.02.

At the share price of N14.25, the P/E ratio of Fidelity Bank stands at 2.03x with earnings yield of 49.24%.

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