Fidelity Bank reports N112.3bn as Gross Earnings, PAT rises by 70.80% in HY 2021

Fidelity Bank over the weekend published its Audited Financial Statement for the period ended 30 June 2021.

The result shows year on year growth in the Bank’s top line and bottom and bottom line figures.

Gross Earnings of N112.304 billion was reported for the six month period, up by 6.19% from N105.755 billion reported in the corresponding period last year.

Profit after tax grew by 70.80% to N19.306 billion from N11.303 billion reported the previous year.

Earnings per share of the Fidelity Bank grew to 67 kobo from the EPS of 39 kobo reported the previous year. This translates to 70.80% growth year on year.

At the share price of N2.30, the P.E ratio of Fidelity Bank stands at 3.45x with earnings yield of 28.97%.

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