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Overview of Fidelity D & D Bancorp, Inc. (FDBC)

Fidelity D & D Bancorp, Inc., trading under the symbol FDBC, is a bank holding company that operates through its wholly-owned state-chartered commercial bank subsidiary, Fidelity Deposit and Discount Bank. With a deep-rooted history and a commitment to delivering enduring financial services, the firm offers a full spectrum of traditional banking products and services. The company leverages a strong local market presence in key counties in Pennsylvania, with a focus on providing accessible, customer-centric financial solutions. Keywords such as traditional banking, commercial banking services, and wealth management solutions are core to understanding its business model.

Traditional Banking Services and Core Business Model

At its core, Fidelity D & D Bancorp, Inc. offers a range of traditional banking services designed to meet the everyday financial needs of both retail and corporate customers. These services include:

  • Demand deposit accounts and interest-bearing time, money market, and savings accounts, which accommodate the diverse liquidity needs of its clients.
  • An array of loan products including personal loans, commercial loans, and specialized lending solutions tailored to business financing and commercial real estate requirements.
  • Asset management and supplementary financial products that extend beyond basic banking, bridging the gap between conventional banking and broader financial advisory services.

The bank generates revenue primarily from interest income on its diverse portfolio of loans and deposits, while also benefiting from fee-based income through trust advisory services and wealth management offerings. This multi-faceted approach ensures that the company responds to varied customer needs while maintaining a resilient business model.

Market Focus and Geographic Presence

Fidelity D & D Bancorp, Inc. focuses its operations in key regional markets, notably in the counties of Lackawanna, Luzerne, Northampton, Lehigh, and surrounding areas. By concentrating on these densely populated and economically active regions, the bank has built a reputation for understanding local market dynamics and serving as a trusted financial partner. Its geographical strategy allows it to offer personalized service and maintain robust community ties, which are essential in providing effective financial strategies tailored to regional economic conditions.

Comprehensive Product Portfolio

The bank’s product portfolio is designed to address both personal and corporate financial requirements. Its offerings include:

  • Deposit Products: A wide range of account types including checking accounts, savings accounts, and money market accounts, all engineered to provide clients with flexibility and competitive yield options.
  • Lending Solutions: From consumer loans to commercial and mortgage lending, the bank makes available tailored financing solutions with embedded advisory services to help clients meet their financial goals.
  • Trust and Investment Services: The bank operates a dedicated trust department that handles personal and corporate trusts, delivering asset management and financial planning services to bolster clients' long-term financial health.
  • Digital and In-Person Banking: With modern digital banking platforms complemented by a network of physical branches and client service centers, the bank offers 24/7 accessibility designed to meet evolving customer preferences.

Wealth Management and Financial Advisory

Understanding that financial stewardship extends beyond mere transactional services, Fidelity Bank has built a robust wealth management practice. The dedicated wealth management and brokerage services division provides expert advice and curated investment products tailored to the individual needs of its clients. The integration of personalized advisory services with traditional banking underscores the bank’s commitment to holistic financial well-being, ensuring that clients receive comprehensive guidance that spans both short-term liquidity and long-term growth strategies.

Risk Management and Operational Excellence

Fidelity D & D Bancorp, Inc. emphasizes prudent risk management and robust operational controls. The bank deploys advanced financial risk assessment techniques to monitor asset quality, manage credit exposures, and maintain strong liquidity ratios. By efficiently balancing the cost of funds with the yield on earning assets, the company sustains stable net interest margins even amidst a fluctuating economic environment. Operational excellence is further underpinned by a disciplined cost management structure and a proactive approach in optimizing resources—factors that collectively enhance the bank’s stability and reliability.

Community Engagement and Trusted Financial Advisory

The bank’s long-standing commitment to community service and local engagement enhances its reputation as a trusted financial advisor. By supporting local businesses, engaging in community volunteer initiatives, and maintaining close relationships with clients, Fidelity D & D Bancorp, Inc. positions itself not just as a financial institution, but as an integrated community partner. This community focus reinforces client trust and enables the bank to offer personalized services that resonate well with local economic conditions.

Competitive Landscape and Differentiation

In a competitive market that includes both regional banks and larger financial institutions, Fidelity D & D Bancorp, Inc. differentiates itself through its intimate knowledge of local markets, a comprehensive product suite, and a reputation for consistent, customer-oriented service. The bank’s ability to offer both traditional deposit and loan products alongside advanced wealth management and asset advisory services makes it a versatile financial partner. Its focus on personalized client interactions and community integration are principal factors that set it apart from competitors.

Operational Integrity and Industry Expertise

Fidelity D & D Bancorp, Inc. upholds principles of operational transparency and integrity. The firm’s sustained emphasis on risk mitigation, coupled with its adaptive operational protocols, underlines a commitment to protecting depositor assets and managing financial risks effectively. Investors and clients alike view the bank as a reliable institution due to its consistent performance, prudent financial management, and its methodical approach to addressing both market challenges and opportunities.

Conclusion

In summary, Fidelity D & D Bancorp, Inc. (FDBC) represents a time-honored institution with a comprehensive portfolio of traditional banking services. Through a strategic combination of deposit products, diversified lending solutions, and specialized trust and wealth management services, the bank meets the multifaceted financial needs of both individuals and businesses. Its strong local market presence, coupled with an unwavering commitment to community service and risk management, positions the company as a trusted financial partner. The detailed focus on operational reliability, industry expertise, and customer-centric service underscores why this institution continues to maintain a reputable standing in a competitive financial landscape.

This in-depth profile provides a clear understanding of the bank’s core operations, product offerings, geographic focus, and strategic market positioning, reflecting its ethos of delivering personalized and effective financial solutions. Its comprehensive approach, integrated with advanced risk management strategies, ensures that the company remains a significant point of reference for those researching regional financial institutions.

Rhea-AI Summary

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%.

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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.

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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.

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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.

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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.

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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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Fidelity D & D Bancorp, Inc. reported its first quarter 2024 financial results, revealing a net income of $5.1 million, or $0.88 diluted earnings per share, a decline from the previous year. The decrease in net income was primarily due to a $2.1 million decrease in net interest income and a $0.8 million increase in non-interest expenses. Despite the challenges, the company remains resilient and focused on delivering value to clients and shareholders. The company's proactive cost management measures position it well for future growth opportunities.
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Fidelity D & D Bancorp, Inc. declares a second quarter dividend of $0.38 per share. The dividend will be payable on June 10, 2024, to shareholders of record on May 20, 2024. The company serves multiple counties through its banking offices and offers digital banking services.
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Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) reported unaudited financial results for the year ended December 31, 2023. Net income declined by 39% due to a reduction in net interest income and non-interest income. The company sold certain securities resulting in a pre-tax loss of $6.5 million. Adjusted net income was $23.3 million, a $6.7 million decrease compared to 2022. Net income for the quarter ended December 31, 2023, was $0.5 million, a 93% decline from the same period in 2022. For the year ended December 31, 2023, net interest income declined by 14% primarily due to interest expense growing faster than interest income. Non-interest income decreased by 31% while non-interest expenses increased by 1%. Total assets grew to $2.5 billion, an increase of $125 million from December 31, 2022. Shareholders' equity increased by 16% to $189.5 million at December 31, 2023. The company remains well-capitalized with Tier 1 capital at 9.15% of total average assets as of December 31, 2023.
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Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) announces a 6% increase in the 2024 first quarter dividend to $0.38 per share, payable on March 8, 2024. The company serves multiple counties in Pennsylvania and offers digital banking services.
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FAQ

What is the current stock price of Fidelity Dam (FDBC)?

The current stock price of Fidelity Dam (FDBC) is $43.33 as of March 21, 2025.

What is the market cap of Fidelity Dam (FDBC)?

The market cap of Fidelity Dam (FDBC) is approximately 249.8M.

What is the core business of Fidelity D & D Bancorp, Inc.?

Fidelity D & D Bancorp, Inc. is a bank holding company that operates through its subsidiary, offering a full range of traditional banking services including deposit products, lending, trust services, and wealth management.

How does the company generate revenue?

The company generates revenue primarily through interest income on loans and deposits, complemented by fee-based income from trust, asset management, and financial advisory services.

Which regions does Fidelity D & D Bancorp primarily serve?

The company's primary market areas are in select counties of Pennsylvania, including Lackawanna, Luzerne, Northampton, Lehigh, and surrounding regions, where it maintains a strong local presence.

What types of deposit products are offered?

The bank offers a variety of deposit products ranging from demand deposit accounts, interest-bearing time deposits, money market accounts, and savings accounts designed to meet diverse liquidity needs.

What lending solutions does the bank provide?

Fidelity D & D Bancorp provides a comprehensive suite of loan products, including personal loans, commercial loans, and mortgage financing, all tailored to both individual and business needs.

How does the bank manage risk and maintain asset quality?

The bank employs advanced risk assessment techniques and prudent financial management practices, ensuring robust asset quality and liquidity through diversified financing and controlled credit exposures.

What distinguishes Fidelity D & D Bancorp from its competitors?

The bank's strong local market focus, comprehensive product portfolio, and a commitment to personalized, customer-centric service set it apart in a competitive financial landscape.

Does Fidelity D & D Bancorp offer wealth management and trust services?

Yes, the company has a dedicated trust and wealth management division that provides comprehensive financial planning, investment management, and advisory services catering to both personal and corporate clients.
Fidelity Dam

Nasdaq:FDBC

FDBC Rankings

FDBC Stock Data

249.79M
4.71M
18.34%
23%
0.31%
Banks - Regional
National Commercial Banks
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United States
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