Fidelity Bank’s revenue hits N1.04trn in FY 2024, declares N1.25 final dividend to shareholders

Fidelity Bank Plc has declared a final dividend of N1.25 making a total dividend of N2.10 for the year ended 31 December 2024.

The Financial Institution reported Gross Earnings (Revenue) of N1.043 trillion for the 12 months period, up by 87.72% from N555.83 billion reported in FY 2023.

Profit after tax grew year on year by 179.63% to N278.106 billion from the profit after tax of N99.454 billion reported the previous year.

With the Shares Outstanding of 50,212,211,331 relative to the profit attributable to shareholders of N278.106 billion, the Earnings per share of Fidelity Bank stands at N5.54.

At the share price of N19, the P/E ratio of Fidelity Bank stands at 3.43x with earnings yield of 29.15%.

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