Fidelity Bank Plc has regained its position in the trillion-naira market capitalization club after its share price rose by 5.3% to ₦21.00 on May 13, 2025.
This development brings the total number of Nigerian companies with a trillion-naira market capitalization to 19.
Fidelity Bank’s Q1 results, with a 190% surge in after-tax profit to ₦91 billion ($56.8 million) in Q1 2025, driven by higher interest income, forex gains, and cost efficiencies, have contributed to its growth.
The bank’s valuation reflects renewed investor confidence, signaling a potential transition to tier-1 status.
Additionally, Fidelity’s successful completion of the first phase of its capital raise with a 237% oversubscription demonstrates strong investor backing.
Nabila Mohammed, an analyst at Chapel Hill Denham, notes that the strong Q1 results suggest continued upward momentum in the stock, which could boost investor confidence and help sustain its valuation.
Olamide, a Lagos-based banking analyst, attributes the bank’s growth to lower credit losses, which helped boost net interest income, combined with solid full-year results and dividend expectations.
Afrinvest projects Fidelity Bank’s gross earnings and pre-tax profit to rise 46% and 49.4% respectively in 2025, reaching ₦1.5 trillion and ₦415.4 billion.
The firm maintains a 12-month target price of ₦21.60 for the stock. With robust earnings, a solid recapitalization strategy, and growing investor interest, Fidelity Bank is positioning itself as a strong contender in Nigeria’s top banking tier.
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