FIDELITYBK

Fidelity Bank trades at ₦20 — a 0.91x P/B on a reported BVPS of ₦21.94 and a 4.53x P/E on FY2024 EPS of ₦4.42 — meaningful discounts to both its own history and NGX banking peers, with a 20.1% ROE that justifiably supports a P/B above 1.0x on a cost-of-equity framework. The blended fair value of ₦24.51 (40% P/E, 50% P/B, 10% justified P/B) implies ~23% upside to base and is corroborated by the independent independent data source's street consensus target of ₦26.99 from two analysts. Q1-2026 data (₦434.9bn revenue, ₦92.5bn PBT, ₦11.4tn total assets) confirm the bank is operating at scale, though the committee score flags neutral quality/value and negative momentum, warranting an accumulate rather than outright buy rating.

Verdict published 2026-09-05 · fundamentals through Q1-2026 · reviewed as the data changes