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Fidelity Bank (NSA:FBP) Pretax Margin % : 58.59% (As of Jun. 2024)


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What is Fidelity Bank Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Fidelity Bank's Pre-Tax Income for the three months ended in Jun. 2024 was ₦161,375 Mil. Fidelity Bank's Revenue for the three months ended in Jun. 2024 was ₦275,440 Mil. Therefore, Fidelity Bank's pretax margin for the quarter that ended in Jun. 2024 was 58.59%.

The historical rank and industry rank for Fidelity Bank's Pretax Margin % or its related term are showing as below:

NSA:FBP' s Pretax Margin % Range Over the Past 10 Years
Min: 12.72   Med: 21.35   Max: 41.31
Current: 41.31


NSA:FBP's Pretax Margin % is ranked better than
71.3% of 1540 companies
in the Banks industry
Industry Median: 31.665 vs NSA:FBP: 41.31

Fidelity Bank Pretax Margin % Historical Data

The historical data trend for Fidelity Bank's Pretax Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fidelity Bank Pretax Margin % Chart

Fidelity Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.16 21.85 20.43 30.50 32.33

Fidelity Bank Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Pretax Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.94 39.58 11.30 32.41 58.59

Competitive Comparison of Fidelity Bank's Pretax Margin %

For the Banks - Regional subindustry, Fidelity Bank's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fidelity Bank's Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Fidelity Bank's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where Fidelity Bank's Pretax Margin % falls into.



Fidelity Bank Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

Fidelity Bank's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=124260/384400
=32.33 %

Fidelity Bank's Pretax Margin for the quarter that ended in Jun. 2024 is calculated as

Pretax Margin=Pre-Tax Income (Q: Jun. 2024 )/Revenue (Q: Jun. 2024 )
=161375/275440
=58.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Fidelity Bank  (NSA:FBP) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Fidelity Bank Pretax Margin % Related Terms

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Fidelity Bank Business Description

Traded in Other Exchanges
N/A
Address
1 Fidelity Bank Close Off Kofo Abayomi Street, Fidelity Place, Victoria Island, Lagos, NGA
Fidelity Bank PLC offers banking and other financial services to corporate and individual customers. It operates through segments including Retail banking that offers retail, personal and commercial services to individuals, small and medium business customers and E-Business products to serve retail banking. Its Corporate Banking segment offers commercial and corporate banking services to corporate business customers, it covers the Power and Infrastructure, Oil and Gas Upstream and downstream, Real Estate, Agro-Allied, and other industries. Investment banking segment is involved in the funding and management of the bank's securities, trading, and investment decisions.

Fidelity Bank Headlines

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