Fidelity Bank (NSA:FBP) Selling, General, & Admin. Expense: ₦112,387 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSA:FBP Fidelity Bank PLC NSA:FBP
69 GF Score
Price ₦21.85
GF Value ₦14.31
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Fidelity Bank Selling, General, & Admin. Expense?

Fidelity Bank NSA:FBP +2.82% 69 Selling, General, & Admin. Expense is ₦112,387 Mil as of Mar. 2026. GuruFocus rates NSA:FBP with a GF Score™ of 69/100 and a GF Value™ of ₦14.31 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Fidelity Bank's selling, general, & admin. expense for the three months ended in Mar. 2026 was ₦24,928 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Mar. 2026 was ₦112,387 Mil.


Fidelity Bank  (NSA:FBP) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Fidelity Bank Selling, General, & Admin. Expense Related Terms


Fidelity Bank Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Fidelity Bank's Selling, General, & Admin. Expense 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.

Fidelity Bank Selling, General, & Admin. Expense Chart

Fidelity Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 20,297.00 27,543.00 27,239.00 55,937.00 107,804.00

Fidelity Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Selling, General, & Admin. Expense 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 20,344.00 47,579.00 25,000.00 14,880.00 24,928.00

Fidelity Bank Selling, General, & Admin. Expense Competitor Comparison

For the Banks - Regional subindustry, Fidelity Bank's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Banks Industry

For the Banks industry and Financial Services sector, Fidelity Bank's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Fidelity Bank's Selling, General, & Admin. Expense falls into.


NSA:FBP
69GF Score
Fidelity Bank PLC NSA:FBP
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Fidelity Bank Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦112,387 Mil.

* 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.

What does a Selling, General, & Admin. Expense of ₦112,387 Mil mean?
Fidelity Bank (NSA:FBP) has a Selling, General, & Admin. Expense of ₦112,387 Mil as of Mar. 2026. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Fidelity Bank and its competitors.
Is Fidelity Bank's Selling, General, & Admin. Expense too high?
Fidelity Bank's current Selling, General, & Admin. Expense is ₦112,387 Mil. Overall, Fidelity Bank has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Fidelity Bank's Selling, General, & Admin. Expense compare to competitors?
Fidelity Bank's Selling, General, & Admin. Expense of ₦112,387 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for a Banks company?
A good Selling, General, & Admin. Expense depends on the Banks industry context. However, Selling, General, & Admin. Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Fidelity Bank and its competitors. Fidelity Bank's current Selling, General, & Admin. Expense is ₦112,387 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fidelity Bank stock overvalued right now?
Based on GuruFocus' analysis, Fidelity Bank (NSA:FBP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦14.31, compared to a current price of ₦21.85 — trading 52.7% above its estimated fair value. The current Selling, General, & Admin. Expense is ₦112,387 Mil. Fidelity Bank's overall GF Score™ is 69/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Fidelity Bank (NSA:FBP), the current Selling, General, & Admin. Expense is ₦112,387 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fidelity Bank (NSA:FBP) Overvalued in 2026?

Based on GuruFocus' analysis, Fidelity Bank stock appears to be overvalued. The current stock price of ₦21.85 is trading 52.7% above its estimated GF Value™ of ₦14.31. GuruFocus considers Fidelity Bank to be Significantly Overvalued.

Key valuation signals for NSA:FBP:

  • Selling, General, & Admin. Expense: ₦112,387 Mil
  • GF Value™: ₦14.31 vs. price of ₦21.85 (52.7% above fair value)
  • GF Score™: 69/100 with 6 warning signs

No single metric tells the full story. See the NSA:FBP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Fidelity Bank Business Description

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; and Investment banking segment is involved in the funding and management of the bank's securities, trading, and investment decisions. It generates maximum revenue from the Retail Segment.
69GF Score

Get the complete analysis for NSA:FBP

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₦21.85
Price
₦14.31
GF Value