95 per cent, an average annual capital gain of 81.19 per cent. These returns underscore Fidelity Bank's immense value as a stock for all times, helping investors to hedge against inflation while preserving significant long-term value. Comparative analysis showed that Fidelity Bank outperformed all other major market indices with the bank’s average annual return for the period twice the average return by the overall market and almost four times of average return in the banking sector.
Five-year review of the audited reports and accounts of Fidelity Bank showed strong correlation between the bank’s upwardly share pricing trend and expansive growth in its business operations. Pre-tax profit rose from N30.35 billion in 2019 to N124.26 billion in 2023, an increase of 309.4 per cent. Net profit after tax also grew by 203.3 per cent from N42.80 billion in 2019 to N129.80 billion in 2023. Earnings per share has risen successively from 98 kobo in 2019 to N3.11 per share in 2023.