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Fidelity D & D Bancorp, Inc. (FDBC) provides comprehensive banking services through its subsidiary Fidelity Deposit and Discount Bank, serving Pennsylvania communities with personal/commercial banking and wealth management solutions. This page delivers verified news and official announcements for stakeholders tracking the company’s financial developments.
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Content includes quarterly financial results, merger/acquisition disclosures, dividend declarations, and service expansions. All materials are sourced from authorized channels to maintain accuracy and compliance with financial reporting standards.
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Fidelity D & D Bancorp (NASDAQ: FDBC) reported strong Q1 2025 financial results with net income of $6.0 million ($1.03 diluted EPS), an 18% increase from $5.1 million ($0.88 EPS) in Q1 2024.
Key highlights include:
- Total assets reached $2.7 billion
- Net interest income increased 14% to $17.0 million
- Non-interest income rose 9% to $5.0 million
- FTE net interest margin improved to 2.89% from 2.69%
The bank's deposit growth of $116.6 million funded loan growth and increased interest-bearing cash balances. Asset quality remained strong with non-performing assets at 0.23% of total assets. The company maintains strong capital ratios with Tier 1 capital at 9.22% and total risk-based capital at 14.74%.
Fidelity D & D Bancorp (NASDAQ: FDBC) reported its 2024 financial results with net income of $20.8 million, or $3.60 diluted earnings per share, a 14% increase from $18.2 million in 2023. The improvement was primarily driven by a $7.6 million increase in non-interest income.
Fourth quarter 2024 net income was $5.8 million ($1.01 per share), up significantly from $0.5 million in Q4 2023. Net interest income reached $16.4 million in Q4 2024, compared to $14.9 million in Q4 2023. Total assets grew to $2.6 billion, with loan portfolio growth of $114.3 million during 2024.
The company maintained strong capital ratios with Tier 1 capital at 9.22% of total average assets. Asset quality metrics showed non-performing assets at 0.30% of total assets, while the ratio of insured and collateralized deposits to total deposits was approximately 76%.
Fidelity D & D Bancorp (NASDAQ: FDBC) has announced its first quarter 2025 dividend of $0.40 per share, representing a 5% increase from the previous year's first quarter dividend of $0.38 per share. The dividend will be paid on March 10, 2025, to shareholders of record as of February 14, 2025.
The company operates through The Fidelity Deposit and Discount Bank with 21 full-service community banking offices serving Lackawanna, Luzerne, Northampton and Lehigh Counties, plus a Wealth Management Office in Schuylkill County. The bank offers digital services and account opening through Online Banking and the Fidelity Mobile Banking app.
Fidelity D & D Bancorp (NASDAQ: FDBC) has announced a 5% increase in its fourth quarter dividend to $0.40 per share, up from the previous $0.38 per share. This marks the company's tenth consecutive year of dividend increases, with the dividend more than doubling over this period. The dividend will be payable on December 10, 2024, to shareholders of record as of November 15, 2024. The bank operates 21 full-service community banking offices across Lackawanna, Luzerne, and Northampton Counties, plus a wealth management office in Schuylkill County.
Fidelity D & D Bancorp (NASDAQ: FDBC) reported Q3 2024 net income of $5.0 million ($0.86 per diluted share), down from $5.3 million ($0.93 per share) in Q3 2023. Net interest income increased 5% to $15.4 million, while non-interest income grew 15% to $5.0 million. The company experienced strong balance sheet growth with total assets reaching $2.6 billion, showing increases in loans and deposits. However, non-interest expenses rose by $1.0 million to $13.8 million, primarily due to higher salaries and benefits. The bank maintains strong capital levels with a total risk-based capital ratio of 14.56% and tangible book value per share of $32.55.
Fidelity D & D Bancorp (NASDAQ: FDBC) reported its Q2 2024 financial results. Net income for the quarter was $4.9 million, or $0.86 diluted earnings per share, down from $5.4 million, or $0.94 per share, in Q2 2023. The decline was primarily due to a $0.4 million decrease in net interest income. For the first half of 2024, net income was $10.0 million, or $1.73 per share, compared to $12.4 million, or $2.18 per share, in H1 2023.
The company's total assets stood at $2.5 billion as of June 30, 2024. The loan portfolio grew by $42 million in H1 2024, while deposits increased by $10.7 million. Asset quality metrics showed slight deterioration, with non-performing assets at 0.28% of total assets, up from 0.13% at the end of 2023.
Fidelity D & D Bancorp (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, has declared its third quarter dividend of $0.38 per share. The dividend will be payable on September 10, 2024, to shareholders of record as of August 20, 2024. Fidelity D & D Bancorp serves Lackawanna, Luzerne, and Northampton Counties through 21 full-service community banking offices, with an additional wealth management office in Schuylkill County. The bank offers digital and virtual services, including online banking and mobile app capabilities.
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