Fidelity Bank declares 25 kobo as interim dividend, grows PAT by 166% in Q2 2023

Fidelity Bank Plc has declared an interim dividend of 25 kobo for the period ended 30 June 2023.

The financial institution reported Gross Earnings of N247.1 billion for the 6 months period, up by 59.58% from N154.84 billion reported the previous year.

Profit after tax (PAT) of the Group grew year on year by 166% to N61.995 billion from N23.307 billion reported the previous year.

Earnings per share of Fidelity Bank stands at N1.94.

At the share price of 7.05, the P/E ratio of Fidelity Bank stands at 3.64x with earnings yield of 27.47%.