Fidelity Bank Plc reports N174.35bn as Gross Earnings, PAT rises by 29.92% in Q3 2021

Fidelity Bank Plc on Monday published its third quarter report for the period ended 30 September 2021. The financial institution for the nine months period achieved significant growth in its top line and bottom line figures.

Gross Earnings of N174.354 billion was reported for the nine months period, up by 12.46% from N155.03 billion reported the previous year.

Profit after tax grew by 29.92% to N26.512 billion from N20.406 billion reported in Q3 2021.

Earnings per share (EPS) of the Bank increased to 92 kobo from the EPS of 70 kobo, which translates to 29.92% growth, year on year.

At the share price of N2.66, the P.E ratio of Fidelity Bank stands at 2.91x with earnings yield of 34.40%.

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