Fidelity Bank Plc · NSENG:FIDELITYBK
Fidelity Bank — FY2025 Earnings Presentation
35 slides from Fidelity Bank's earnings presentation, 2026
Slide 1: Fidelity Bank Investor Presentation
Fidelity Bank Investor Presentation Audited Financial Results for the 12 months ended December 31, 2025 Fidelity Bank information meant for public use
Slide 2: Disclaimer
Disclaimer Please read the following before continuing: This presentation is based on Fidelity Bank Plc (‘Fidelity’ or ‘the Bank’) audited financial statements for the period ended 31 December 2025. Aside the extracts from the published financial statements, Fidelity has obtained some information fr
Slide 3: Content
Content Section Page 1. Overview of Fidelity Bank 5 2. Operating Environment 15 3. Financial Review 18 4. 2026 Guidance 34 3 Fidelity Bank information meant for public use
Slide 4: Overview of Fidelity Bank
4 Fidelity Bank information meant for public use
Slide 5: Fidelity Bank at a glance
Overview Operating Environment Financial Review Guidance Business Segment > 255 Business Offices 19.1% Locations: > 12m+ Customer Accounts Revenue 60.4% Nigeria 20.5% United Kingdom > 3,686Professional Staff 15.8% > 195 Call Centre Agents PBT 58.2% 26.0% > 22k Banking Agents Rt/Comm/PS Corporate Inv
Slide 6: History, Key Milestones and Achievements
Overview Operating Environment Financial Review Guidance History, Key Milestones and Achievements ▪ Became a Universal Bank in ▪ Issued a US$400 million 5- ▪ Raised ₦13.972 billion 2001 year Eurobond in 2017 through Private Placement of shares ▪ Merger with FSB ▪ IT upgrade across banking issuance I
Slide 7: Fidelity Bank has a Strong Focus on ESG Principles
Overview Operating Environment Financial Review Guidance Fidelity Bank has a Strong Focus on ESG Principles ▪ 38.3% reduction in energy consumption ▪ Community investment of over N2.4bn, over 3 years. focused on Education, Environment, Health & Social Welfare and Youth ▪ 18.5% reduction in carbon fo
Slide 8: Robust risk management is at the core of Fidelity Bank operations
Overview Operating Environment Financial Review Guidance Robust risk management is at the core of Fidelity Bank operations Three-tiered approach for enterprise-wide risk management Level 1 Board of Directors Board/Executive Mgt. oversight Board Audit Board Risk Board Finance & General Board Corporat
Slide 9: Resilient performance across key income & balance sheet lines despite profit pressure
Overview Operating Environment Financial Review Guidance Resilient performance across key income & balance sheet lines despite profit pressure Gross Earnings Customer Deposits CAR 45.6% 16.1% 726bps N1,519.7bn N6,890.9bn 16.2% Operating Income Net Loans & Advances NPL 44.5% 2.4% 70bps N1,032.7bn N4,
Slide 10: Contribution to the Group’s performance
Overview Operating Environment Financial Review Guidance Contribution to the Group’s performance Total Assets (N’bn) Revenue PBT FCY NGN Total N'bn % Share N'bn % Share Group 4,232 6,232 10,464 % Share 40.4% 59.6% Group 1,519.7 100.0% 347.66 100.0% Nigeria 3,889 6,232 10,121 % Share 38.4% 61.6% 96.7
Slide 11: Our performance scorecard
Overview Operating Environment Financial Review Guidance Our performance scorecard FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Gross Earnings (CAGR 57%) N251bn N337bn N556bn N1,043bn N1,520bn PBT (CAGR 93%) N25bn N54bn N124bn N385bn N348bn Savings Account N477bn N599bn N881bn N1,135bn N1,304bn (CAGR 29%
Slide 12: Our performance scorecard
Overview Operating Environment Financial Review Guidance Our performance scorecard FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Low-Cost Deposit (CAGR 43%) N1,508bn N2,159bn N3,910bn N5,499bn N6,290bn Total Deposit (CAGR 36%) N2,025bn N2,581bn N4,015bn N5,937bn N6,891bn Net Loans (CAGR 27%) N1,658bn N2,1
Slide 13: Deepening strong growth in NIR and customer reach through digital banking
Overview Operating Environment Financial Review Guidance Deepening strong growth in NIR and customer reach through digital banking Mobile/Online Customers # NIP Value (N’bn) E - Banking Transaction (#’Mn) 14.3% YTD > 6.4m+ 28% 55,269 Mkt Share 86% 575.1 % Total Trnx 43,175 95% 308.4 Debit Cardholder
Slide 14: Operating Environment
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Slide 15: Nigeria macroeconomic indicators: GDP, inflation, oil price
Overview Operating Environment Financial Review Guidance ❖ Nigeria’s GDP grew by 4.07% yoy in Q4 2025, higher than the 3.76% Real GDP Growth recorded in Q4 2024, driven by stronger economic activity across key sectors. 4.23% 4.07% 3.48% 3.76% 3.86% 3.98% ❖ In Q4 2025, Agriculture grew 4.00% (vs 2.54
Slide 16: Key regulatory and policy changes
Overview Operating Environment Financial Review Guidance Key regulatory and policy changes ❖ The CBN introduced stricter capital preservation ❖ The CBN reinforced governance requirements for measures for banks under regulatory forbearance, Domestic Systemically Important Banks (DSIBs), which led to
Slide 17: Financial Review
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Slide 18: Financial Performance Highlights - SCI
Overview Operating Environment Financial Review Guidance Financial Performance Highlights - SCI Summary of Income Statement ➢ Gross earnings grew by 45.6%, driven by 36.6% N’million 2024FY 2025FY % VAR growth in interest income and 138.3% increase in non-interest revenue (excl. gains from Fin. Instr
Slide 19: Driving sustainable earnings with 138.3% growth in non-interest revenue
Overview Operating Environment Financial Review Guidance Driving sustainable earnings with 138.3% growth in non-interest revenue 78.1% Breakdown of Gross Earnings Interest Income: Breakdown 80.6% N’billion 2024FY 2025FY VAR % VAR 36.6% Int. Inc. on Loans 628.0 814.3 186.3 29.7% 1,298.5 Int. Inc. on
Slide 20: Higher yields outpaced moderate funding costs, leading to improved margins
Overview Operating Environment Financial Review Guidance Higher yields outpaced moderate funding costs, leading to improved margins. ➢ Higher asset yields compared to fund cost Avg. Yield on Earnings Assets was responsible for the increase in NIM to 12.3% from 12.0% in 2024FY. 18.1% 19.2% ➢ Yield on
Slide 21: Achieved CIR of 54.6% despite rising operating expenses and high inflation
Overview Operating Environment Financial Review Guidance Achieved CIR of 54.6% despite rising operating expenses and high inflation. Breakdown of OPEX Key drivers of OPEX: % Contributions CIR N’billion 2024FY 2025FY % Growth Regulatory Charges 51.7 77.4 49.6% 54.6% Staff Cost 73.4 80.6 9.7% 2025FY 1
Slide 22: Financial Performance Highlights - SFP
Overview Operating Environment Financial Review Guidance Financial Performance Highlights - SFP Statement of Financial Position ➢ Total assets increased by 18.6% to N10.5trn N’million 2024FY 2025FY VAR % VAR from N8.8trn in 2024FY. Total Assets 8,821,737 10,463,815 1,642,078 18.6% ➢ 40.4% of the Gro
Slide 23: Building a resilient balance sheet with a well-structured funding base
Overview Operating Environment Financial Review Guidance Building a resilient balance sheet with a well-structured funding base N’million 2024FY 2025FY VAR % VAR ➢ Total deposits grew by 16.1% to N6.9tn from N5.9tn in 2024FY. Demand Deposits 4,364,323 4,986,624 622,301 14.3% Savings Deposits 1,134,8
Slide 24: Consistent increase in stable and low-cost deposits
Overview Operating Environment Financial Review Guidance Consistent increase in stable and low-cost deposits Customer Deposits (N’bn) Customer Deposits by Type 48.6% 52.8% 53.0% 50.1% 43.5% 8.7% 2025FY 7,204.0 6,935.4 6,890.9 7.4% 6,599.0 18.9% 5,937.1 19.1% 3,818.1 3,471.5 3,000.7 2024FY 2,885.1 3,
Slide 25: Net Loans and advances
Overview Operating Environment Financial Review Guidance Net Loans and advances Net Loans & Advance (N’bn) ➢ Net loans and advances dropped by 2.4% to ₦4.3tn, with three key sectors accounting for the decline in the 4,604.6 4,854.9 4,845.7 loan book (Oil & Gas Upstream, Communication and 4,387.1 4,2
Slide 26: Improved asset quality and cash flow led to a decline in impairment charge
Overview Operating Environment Financial Review Guidance Improved asset quality and cash flow led to a decline in impairment charge 2025FY Impairment Charge Impairment Charge N’billion (45.8) 16.8 2025FY 21.6 ( 21.6 ) -61.7% 7.4 2024FY 56.4 Stage 1 Stage 2 Stage 3 Total 2024FY Impairment Charge Tota
Slide 27: Diversified loan book with focus on asset quality
Overview Operating Environment Financial Review Guidance Diversified loan book with focus on asset quality Gross Loans by Sector N’million 2024FY Q1 2025 H1 2025 Q3 2025 2025FY VAR % VAR Communication 62,341 62,823 74,993 64,814 15,491 (49,323) -76.1% Oil and Gas 1,991,749 2,058,250 2,224,406 2,334,
Slide 28: Diversified loan book with focus on asset quality
Overview Operating Environment Financial Review Guidance Diversified loan book with focus on asset quality % Contribution: 2025FY Gross Loans by Sector Government; 5.7% Oil & Gas: Service; 11.2% N’million 2024FY 2025FY VAR % VAR Communication (46,850) -75.2% Consumer; 2.2% Construction; 2.4% 62,341
Slide 29: Adequate coverage across stages with NPL coverage at 203.9%
Overview Operating Environment Financial Review Guidance Adequate coverage across stages with NPL coverage at 203.9% Gross Loan Book by Stage N’million Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Communication 8,594 0 6,897 15,491 55.5% 0.0% 44.5% 0.3% Oil and Gas 825,542 1,079,845 2
Slide 30: Non-performing loans (NPL) analysis
Overview Operating Environment Financial Review Guidance Non-performing loans (NPL) analysis NPL Analysis 2024FY 2025FY VAR % VAR 2024FY 2025FY N'million N'million N'million % NPL Ratio NPL Ratio Communication 17,358 6,897 (10,461) -60.3% 27.8% 44.5% Oil and Gas 27,580 223 (27,357) -99.2% 1.4% 0.0%
Slide 31: Focus remains on asset quality as the loan book increases
Overview Operating Environment Financial Review Guidance Focus remains on asset quality as the loan book increases Non-performing Loan (NPL) Ratio NPL Contribution by Sector (2024FY Vs. 2025FY) Communication: 12% Vs 6% 6% 0% 0% Oil & Gas: Upstream: 0% Vs 0% 9% 3% 6% Transport: 4% Vs 6% 3.2% 3.2% 14%
Slide 32: The recent Private Placement exercise is expected to add 700bps to CAR
Overview Operating Environment Financial Review Guidance The recent Private Placement exercise is expected to add 700bps to CAR Capital Adequacy Ratio Computation – Basel II Capital Adequacy Ratio Trend N’billion 1,190 1,053.2 1,087.6 45% N‘billion 2024FY 2025FY VAR 1,105 933.1 975.6 1,020 935 897.9
Slide 33: 2026 Guidance
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Slide 34: Actual Vs. Target
Overview Operating Environment Financial Review Guidance Actual Vs. Target 2025FY Actual 2025FY Target Comment 2026FY Target PBT N347.7bn N380.0bn - N400.0bn Not Achieved N500.0bn Loan Growth - 2.4% 10.0% - 15.0% Not Achieved 5.0% - 10.0% Deposit Growth 16.1% 15.0% - 20.0% Achieved 15.0% Net Interes
Slide 35: Fidelity Bank Plc. contact details
Fidelity Bank Plc. 2 Kofo Abayomi Street, Victoria Island, Lagos, Nigeria +234 (01) 4480853 info.investor@fidelitybank.ng www.fidelitybank.ng Fidelity Bank information meant for public use