Fidelity D & D Bancorp, Inc. Reports 2025 Financial Results
Rhea-AI Summary
Fidelity D & D Bancorp (NASDAQ: FDBC) reported 2025 results with net income $28.2M and diluted EPS $4.86, up 36% and 35% year‑over‑year respectively. Net interest income rose to $72.7M (+$10.8M) and total assets reached $2.7B. FTE net interest margin improved to 2.95%.
Asset quality strengthened with non‑performing assets at $2.2M (0.08% of assets) and tangible book value per share at $37.88.
Positive
- Net income +36% to $28.2M in 2025
- Diluted EPS +35% to $4.86
- Net interest income increased $10.8M to $72.7M
- FTE net interest margin improved to 2.95%
- Assets reached $2.7B
Negative
- Non‑interest expenses increased $3.3M (+6%) in 2025
- Losses on sale of securities of $1.2M reduced non‑interest income
Key Figures
Market Reality Check
Peers on Argus
FDBC was down 0.93% pre-release while key peers like TSBK (+2.66%) and PKBK (+0.77%) were higher, pointing to stock-specific dynamics rather than a sector-wide move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Oct 22 | Q3 2025 earnings | Positive | +2.7% | Strong Q3 net income growth and higher net interest income. |
| Jul 23 | Q2 2025 earnings | Positive | +4.3% | Q2 earnings up 40% with higher net and non-interest income. |
| Apr 23 | Q1 2025 earnings | Positive | -0.2% | Q1 net income and margin expansion with solid asset growth. |
| Jan 29 | 2024 annual results | Positive | -1.5% | 2024 net income growth driven by higher non-interest income. |
| Oct 23 | Q3 2024 earnings | Neutral | +1.9% | Mixed Q3 2024 results with modest income pressure and growth. |
Earnings releases have generally shown strong YoY growth, with mixed but often positive immediate price reactions.
Across recent earnings reports, Fidelity D & D Bancorp has repeatedly highlighted rising net income, expanding net interest income, and steady asset growth around $2.6–2.7B. Quarterly 2025 results (Q1–Q3) showed double‑digit earnings growth and improving FTE net interest margin, while the 2024 annual release already marked a solid step-up in profitability. Today’s 2025 annual and Q4 results extend that trajectory, pairing higher earnings with improved asset quality and stronger capital metrics, consistent with the prior quarters’ momentum.
Historical Comparison
Recent earnings releases produced an average move of 2.1%, with 2025 quarters showing consistent YoY net income gains and margin improvement similar to this full-year update.
Earnings through 2025 progressed from strong Q1–Q3 results with rising margins and net income to a 2025 full-year release highlighting record profitability, larger assets, and improved asset quality.
Market Pulse Summary
This announcement details record 2025 performance, with net income of $28.2M, diluted EPS of $4.86, and higher FTE net interest margin of 2.95%. Asset quality improved, with non‑performing assets at just 0.08% of total assets, while tangible book value per share rose to $37.88. In the context of prior 2025 quarters that also showed strong growth, investors may focus on sustainability of margin gains, credit trends, and capital ratios such as Tier 1 at 9.34%.
Key Terms
basis points financial
net interest margin financial
non-performing assets financial
accumulated other comprehensive loss financial
tier 1 capital financial
risk-weighted assets financial
AI-generated analysis. Not financial advice.
DUNMORE, Pa., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank ("the Company"), announced its unaudited, consolidated financial results for the three and twelve month periods ended December 31, 2025.
Unaudited Financial Information
Net income recorded for the year ended December 31, 2025 was
Net income for the quarter ended December 31, 2025 was
“We are pleased to report record fourth quarter results, representing the strongest financial quarter in our history,” said Daniel J. Santaniello, President and Chief Executive Officer. “The Bank hit year end assets of
Consolidated Year-To-Date Operating Results Overview
Net interest income was
The overall cost of interest-bearing liabilities was
For the year ended December 31, 2025, the provision for credit losses on loans was
Total non-interest income for the year ended December 31, 2025 was
Non-interest expenses increased to
The provision for income taxes increased
Consolidated Fourth Quarter Operating Results Overview
Net interest income was
The FTE yield on interest-earning assets was
For the three months ended December 31, 2025, the provision for credit losses on loans was
Total non-interest income increased
Non-interest expenses increased
The provision for income taxes increased
Consolidated Balance Sheet & Asset Quality Overview
The Company's total assets had a balance of
During the same time period, total liabilities increased
Shareholders’ equity increased
Asset Quality
Total non-performing assets were
About Fidelity D & D Bancorp, Inc. and The Fidelity Deposit and Discount Bank
Fidelity D & D Bancorp, Inc. has built a strong history as trusted financial advisor to the clients served by The Fidelity Deposit and Discount Bank (“Fidelity Bank”). Fidelity Bank continues its mission of exceeding client expectations through a unique banking experience. It operates 21 full-service offices throughout Lackawanna, Luzerne, Lehigh and Northampton Counties and a Fidelity Bank Wealth Management Office in Schuylkill County. Fidelity Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app, and in the Client Care Center at 1-800-388-4380. Additionally, the Bank offers full-service Wealth Management & Brokerage Services, a Mortgage Center, and a full suite of personal and commercial banking products and services. Part of the Company’s vision is to serve as the best bank for the community, which was accomplished by having provided over 6,190 hours of volunteer time and over
Non-GAAP Financial Measures
The Company uses non-GAAP financial measures to provide information useful to the reader in understanding its operating performance and trends, and to facilitate comparisons with the performance of other financial institutions. Management uses these measures internally to assess and better understand our underlying business performance and trends related to core business activities. The Company’s non-GAAP financial measures and key performance indicators may differ from the non-GAAP financial measures and key performance indicators other financial institutions use to measure their performance and trends. Non-GAAP financial measures should be supplemental to GAAP used to prepare the Company’s operating results and should not be read in isolation or relied upon as a substitute for GAAP measures. Reconciliations of non-GAAP financial measures to GAAP are presented in the tables below.
Interest income was adjusted to recognize the income from tax exempt interest-earning assets as if the interest was taxable, fully-taxable equivalent ("FTE"), in order to calculate certain ratios within this document. This treatment allows a uniform comparison among yields on interest-earning assets. Interest income was FTE adjusted, using the corporate federal tax rate of
Forward-looking statements
Certain of the matters discussed in this press release constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” and similar expressions are intended to identify such forward-looking statements.
The Company’s actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation:
- local, regional and national economic conditions and changes thereto;
- the short-term and long-term effects of inflation, and rising costs to the Company, its customers and on the economy;
- the risks of changes and volatility of interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities and interest rate protection agreements, as well as interest rate risks;
- securities markets and monetary fluctuations and volatility;
- disruption of credit and equity markets;
- impacts of the capital and liquidity requirements of the Basel III standards and other regulatory pronouncements, regulations and rules;
- governmental monetary and fiscal policies, as well as legislative and regulatory changes;
- effects of short- and long-term federal budget and tax negotiations and their effect on economic and business conditions;
- the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;
- the impact of new or changes in existing laws and regulations, including laws and regulations concerning taxes, banking, securities and insurance and their application with which the Company and its subsidiaries must comply;
- the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters;
- the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market area and elsewhere, including institutions operating locally, regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the internet;
- the effects of economic conditions of any pandemic, epidemic or other health-related crisis such as COVID-19 and responses thereto on current customers and the operations of the Company, specifically the effect of the economy on loan customers’ ability to repay loans;
- the effects of bank failures, banking system instability, deposit fluctuations, loan and securities value changes;
- technological changes;
- the interruption or breach in security of our information systems, continually evolving cybersecurity and other technological risks and attacks resulting in failures or disruptions in customer account management, general ledger processing and loan or deposit updates and potential impacts resulting therefrom including additional costs, reputational damage, regulatory penalties, and financial losses;
- acquisitions and integration of acquired businesses;
- the failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities;
- acts of war or terrorism; and
- the risk that our analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.
The Company cautions readers not to place undue reliance on forward-looking statements, which reflect analyses only as of the date of this release. The Company has no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.
For more information please visit our investor relations web site located through www.bankatfidelity.com.
| FIDELITY D & D BANCORP, INC. Unaudited Condensed Consolidated Balance Sheets (dollars in thousands) | ||||||||
| At Period End: | December 31, 2025 | December 31, 2024 | ||||||
| Assets | ||||||||
| Cash and cash equivalents | $ | 148,060 | $ | 83,353 | ||||
| Investment securities | 523,946 | 557,221 | ||||||
| Restricted investments in bank stock | 4,373 | 3,961 | ||||||
| Loans and leases | 1,911,724 | 1,800,856 | ||||||
| Allowance for credit losses on loans | (20,168 | ) | (19,666 | ) | ||||
| Premises and equipment, net | 48,950 | 35,914 | ||||||
| Life insurance cash surrender value | 59,396 | 58,069 | ||||||
| Goodwill and core deposit intangible | 20,242 | 20,504 | ||||||
| Other assets | 51,535 | 44,404 | ||||||
| Total assets | $ | 2,748,058 | $ | 2,584,616 | ||||
| Liabilities | ||||||||
| Non-interest-bearing deposits | $ | 552,581 | $ | 533,935 | ||||
| Interest-bearing deposits | 1,914,772 | 1,806,885 | ||||||
| Total deposits | 2,467,353 | 2,340,820 | ||||||
| Short-term borrowings | 20 | - | ||||||
| Secured borrowings | 5,995 | 6,266 | ||||||
| Other liabilities | 35,830 | 33,561 | ||||||
| Total liabilities | 2,509,198 | 2,380,647 | ||||||
| Shareholders' equity | 238,860 | 203,969 | ||||||
| Total liabilities and shareholders' equity | $ | 2,748,058 | $ | 2,584,616 | ||||
| Average Year-To-Date Balances: | December 31, 2025 | December 31, 2024 | ||||||
| Assets | ||||||||
| Cash and cash equivalents | $ | 133,171 | $ | 55,773 | ||||
| Investment securities | 544,390 | 557,537 | ||||||
| Restricted investments in bank stock | 4,189 | 3,960 | ||||||
| Loans and leases | 1,866,637 | 1,741,349 | ||||||
| Allowance for credit losses on loans | (20,315 | ) | (19,391 | ) | ||||
| Premises and equipment, net | 40,457 | 35,580 | ||||||
| Life insurance cash surrender value | 58,786 | 56,455 | ||||||
| Goodwill and core deposit intangible | 20,358 | 20,641 | ||||||
| Other assets | 42,032 | 41,755 | ||||||
| Total assets | $ | 2,689,705 | $ | 2,493,659 | ||||
| Liabilities | ||||||||
| Non-interest-bearing deposits | $ | 543,794 | $ | 527,825 | ||||
| Interest-bearing deposits | 1,884,507 | 1,697,529 | ||||||
| Total deposits | 2,428,301 | 2,225,354 | ||||||
| Short-term borrowings | 17 | 32,446 | ||||||
| Secured borrowings | 6,127 | 6,830 | ||||||
| Other liabilities | 36,296 | 32,471 | ||||||
| Total liabilities | 2,470,741 | 2,297,101 | ||||||
| Shareholders' equity | 218,964 | 196,558 | ||||||
| Total liabilities and shareholders' equity | $ | 2,689,705 | $ | 2,493,659 | ||||
| FIDELITY D & D BANCORP, INC. Unaudited Condensed Consolidated Statements of Income (dollars in thousands) | ||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||
| Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2025 | Dec. 31, 2024 | |||||||||||||
| Interest income | ||||||||||||||||
| Loans and leases | $ | 27,269 | $ | 24,584 | $ | 103,852 | $ | 93,269 | ||||||||
| Securities and other | 3,815 | 3,475 | 15,987 | 13,753 | ||||||||||||
| Total interest income | 31,084 | 28,059 | 119,839 | 107,022 | ||||||||||||
| Interest expense | ||||||||||||||||
| Deposits | (11,717 | ) | (11,468 | ) | (46,800 | ) | (43,165 | ) | ||||||||
| Borrowings | (87 | ) | (217 | ) | (368 | ) | (1,992 | ) | ||||||||
| Total interest expense | (11,804 | ) | (11,685 | ) | (47,168 | ) | (45,157 | ) | ||||||||
| Net interest income | 19,280 | 16,374 | 72,671 | 61,865 | ||||||||||||
| Provision for credit losses on loans | (100 | ) | (250 | ) | (1,055 | ) | (1,325 | ) | ||||||||
| Net (provision) benefit for credit losses on unfunded loan commitments | (170 | ) | 85 | (215 | ) | (140 | ) | |||||||||
| Non-interest income | 5,122 | 4,847 | 20,559 | 19,013 | ||||||||||||
| Non-interest expense | (14,921 | ) | (14,395 | ) | (58,817 | ) | (55,541 | ) | ||||||||
| Income before income taxes | 9,211 | 6,661 | 33,143 | 23,872 | ||||||||||||
| Provision for income taxes | (1,271 | ) | (826 | ) | (4,945 | ) | (3,078 | ) | ||||||||
| Net income | $ | 7,940 | $ | 5,835 | $ | 28,198 | $ | 20,794 | ||||||||
| Three Months Ended | ||||||||||||||||||||
| Dec. 31, 2025 | Sep. 30, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | ||||||||||||||||
| Interest income | ||||||||||||||||||||
| Loans and leases | $ | 27,269 | $ | 26,660 | $ | 25,328 | $ | 24,596 | $ | 24,584 | ||||||||||
| Securities and other | 3,815 | 4,022 | 4,437 | 3,712 | 3,475 | |||||||||||||||
| Total interest income | 31,084 | 30,682 | 29,765 | 28,308 | 28,059 | |||||||||||||||
| Interest expense | ||||||||||||||||||||
| Deposits | (11,717 | ) | (12,158 | ) | (11,738 | ) | (11,187 | ) | (11,468 | ) | ||||||||||
| Borrowings | (87 | ) | (95 | ) | (98 | ) | (88 | ) | (217 | ) | ||||||||||
| Total interest expense | (11,804 | ) | (12,253 | ) | (11,836 | ) | (11,275 | ) | (11,685 | ) | ||||||||||
| Net interest income | 19,280 | 18,429 | 17,929 | 17,033 | 16,374 | |||||||||||||||
| Provision for credit losses on loans | (100 | ) | (200 | ) | (300 | ) | (455 | ) | (250 | ) | ||||||||||
| Net benefit (provision) for credit losses on unfunded loan commitments | (170 | ) | (110 | ) | (20 | ) | 85 | 85 | ||||||||||||
| Non-interest income | 5,122 | 5,105 | 5,359 | 4,973 | 4,847 | |||||||||||||||
| Non-interest expense | (14,921 | ) | (14,632 | ) | (14,710 | ) | (14,554 | ) | (14,395 | ) | ||||||||||
| Income before income taxes | 9,211 | 8,592 | 8,258 | 7,082 | 6,661 | |||||||||||||||
| Provision for income taxes | (1,271 | ) | (1,246 | ) | (1,337 | ) | (1,091 | ) | (826 | ) | ||||||||||
| Net income | $ | 7,940 | $ | 7,346 | $ | 6,921 | $ | 5,991 | $ | 5,835 | ||||||||||
| FIDELITY D & D BANCORP, INC. Unaudited Condensed Consolidated Balance Sheets (dollars in thousands) | ||||||||||||||||||||
| At Period End: | Dec. 31, 2025 | Sep. 30, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | |||||||||||||||
| Assets | ||||||||||||||||||||
| Cash and cash equivalents | $ | 148,060 | $ | 142,161 | $ | 165,495 | $ | 211,195 | $ | 83,353 | ||||||||||
| Investment securities | 523,946 | 529,263 | 545,821 | 540,960 | 557,221 | |||||||||||||||
| Restricted investments in bank stock | 4,373 | 4,301 | 4,240 | 4,021 | 3,961 | |||||||||||||||
| Loans and leases | 1,911,724 | 1,914,893 | 1,837,477 | 1,817,509 | 1,800,856 | |||||||||||||||
| Allowance for credit losses on loans | (20,168 | ) | (20,218 | ) | (19,976 | ) | (20,017 | ) | (19,666 | ) | ||||||||||
| Premises and equipment, net | 48,950 | 45,422 | 40,097 | 34,995 | 35,914 | |||||||||||||||
| Life insurance cash surrender value | 59,396 | 58,995 | 58,849 | 58,458 | 58,069 | |||||||||||||||
| Goodwill and core deposit intangible | 20,242 | 20,303 | 20,364 | 20,431 | 20,504 | |||||||||||||||
| Other assets | 51,535 | 41,630 | 46,208 | 43,758 | 44,404 | |||||||||||||||
| Total assets | $ | 2,748,058 | $ | 2,736,750 | $ | 2,698,575 | $ | 2,711,310 | $ | 2,584,616 | ||||||||||
| Liabilities | ||||||||||||||||||||
| Non-interest-bearing deposits | $ | 552,581 | $ | 539,118 | $ | 558,074 | $ | 555,684 | $ | 533,935 | ||||||||||
| Interest-bearing deposits | 1,914,772 | 1,927,795 | 1,877,254 | 1,901,775 | 1,806,885 | |||||||||||||||
| Total deposits | 2,467,353 | 2,466,913 | 2,435,328 | 2,457,459 | 2,340,820 | |||||||||||||||
| Short-term borrowings | 20 | 20 | 10 | 10 | - | |||||||||||||||
| Secured borrowings | 5,995 | 6,059 | 6,134 | 6,190 | 6,266 | |||||||||||||||
| Other liabilities | 35,830 | 34,511 | 39,191 | 35,977 | 33,561 | |||||||||||||||
| Total liabilities | 2,509,198 | 2,507,503 | 2,480,663 | 2,499,636 | 2,380,647 | |||||||||||||||
| Shareholders' equity | 238,860 | 229,247 | 217,912 | 211,674 | 203,969 | |||||||||||||||
| Total liabilities and shareholders' equity | $ | 2,748,058 | $ | 2,736,750 | $ | 2,698,575 | $ | 2,711,310 | $ | 2,584,616 | ||||||||||
| Average Quarterly Balances: | Dec. 31, 2025 | Sep. 30, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | |||||||||||||||
| Assets | ||||||||||||||||||||
| Cash and cash equivalents | $ | 150,706 | $ | 122,808 | $ | 161,316 | $ | 97,384 | $ | 67,882 | ||||||||||
| Investment securities | 529,518 | 544,476 | 546,149 | 557,726 | 560,453 | |||||||||||||||
| Restricted investments in bank stock | 4,345 | 4,277 | 4,158 | 3,973 | 3,957 | |||||||||||||||
| Loans and leases | 1,927,366 | 1,892,439 | 1,832,162 | 1,813,040 | 1,797,023 | |||||||||||||||
| Allowance for credit losses on loans | (20,478 | ) | (20,400 | ) | (20,357 | ) | (20,019 | ) | (20,050 | ) | ||||||||||
| Premises and equipment, net | 47,400 | 42,602 | 35,954 | 35,722 | 36,065 | |||||||||||||||
| Life insurance cash surrender value | 59,255 | 58,875 | 58,697 | 58,307 | 57,919 | |||||||||||||||
| Goodwill and core deposit intangible | 20,263 | 20,325 | 20,386 | 20,459 | 20,529 | |||||||||||||||
| Other assets | 39,527 | 42,724 | 42,729 | 43,177 | 41,454 | |||||||||||||||
| Total assets | $ | 2,757,902 | $ | 2,708,126 | $ | 2,681,194 | $ | 2,609,769 | $ | 2,565,232 | ||||||||||
| Liabilities | ||||||||||||||||||||
| Non-interest-bearing deposits | $ | 549,911 | $ | 544,511 | $ | 547,278 | $ | 533,286 | $ | 538,506 | ||||||||||
| Interest-bearing deposits | 1,930,040 | 1,901,166 | 1,878,548 | 1,826,957 | 1,769,265 | |||||||||||||||
| Total deposits | 2,479,951 | 2,445,677 | 2,425,826 | 2,360,243 | 2,307,771 | |||||||||||||||
| Short-term borrowings | 20 | 16 | 10 | 22 | 10,326 | |||||||||||||||
| Secured borrowings | 6,028 | 6,093 | 6,162 | 6,226 | 6,297 | |||||||||||||||
| Other liabilities | 37,754 | 36,415 | 36,050 | 34,937 | 34,695 | |||||||||||||||
| Total liabilities | 2,523,753 | 2,488,201 | 2,468,048 | 2,401,428 | 2,359,089 | |||||||||||||||
| Shareholders' equity | 234,149 | 219,925 | 213,146 | 208,341 | 206,143 | |||||||||||||||
| Total liabilities and shareholders' equity | $ | 2,757,902 | $ | 2,708,126 | $ | 2,681,194 | $ | 2,609,769 | $ | 2,565,232 | ||||||||||
| FIDELITY D & D BANCORP, INC. Selected Financial Ratios and Other Financial Data | ||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||
| Dec. 31, 2025 | Sep. 30, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | ||||||||||||||||
| Selected returns and financial ratios | ||||||||||||||||||||
| Basic earnings per share | $ | 1.38 | $ | 1.27 | $ | 1.20 | $ | 1.04 | $ | 1.02 | ||||||||||
| Diluted earnings per share | $ | 1.37 | $ | 1.27 | $ | 1.20 | $ | 1.03 | $ | 1.01 | ||||||||||
| Dividends per share | $ | 0.43 | $ | 0.40 | $ | 0.40 | $ | 0.40 | $ | 0.40 | ||||||||||
| Yield on interest-earning assets (FTE)* | 4.83 | % | 4.83 | % | 4.77 | % | 4.73 | % | 4.68 | % | ||||||||||
| Cost of interest-bearing liabilities | 2.42 | % | 2.55 | % | 2.52 | % | 2.49 | % | 2.60 | % | ||||||||||
| Cost of funds | 1.88 | % | 1.98 | % | 1.95 | % | 1.93 | % | 2.00 | % | ||||||||||
| Net interest spread (FTE)* | 2.41 | % | 2.28 | % | 2.25 | % | 2.24 | % | 2.08 | % | ||||||||||
| Net interest margin (FTE)* | 3.04 | % | 2.95 | % | 2.92 | % | 2.89 | % | 2.78 | % | ||||||||||
| Return on average assets | 1.14 | % | 1.08 | % | 1.04 | % | 0.93 | % | 0.90 | % | ||||||||||
| Pre-provision net revenue to average assets* | 1.36 | % | 1.30 | % | 1.28 | % | 1.16 | % | 1.06 | % | ||||||||||
| Return on average equity | 13.45 | % | 13.25 | % | 13.02 | % | 11.66 | % | 11.26 | % | ||||||||||
| Return on average tangible equity* | 14.73 | % | 14.60 | % | 14.40 | % | 12.93 | % | 12.50 | % | ||||||||||
| Efficiency ratio (FTE)* | 58.35 | % | 60.17 | % | 61.17 | % | 61.67 | % | 65.48 | % | ||||||||||
| Expense ratio | 1.36 | % | 1.39 | % | 1.40 | % | 1.37 | % | 1.48 | % | ||||||||||
| Years ended | ||||||||
| Dec. 31, 2025 | Dec. 31, 2024 | |||||||
| Basic earnings per share | $ | 4.89 | $ | 3.63 | ||||
| Diluted earnings per share | $ | 4.86 | $ | 3.60 | ||||
| Dividends per share | $ | 1.63 | $ | 1.54 | ||||
| Yield on interest-earning assets (FTE)* | 4.79 | % | 4.62 | % | ||||
| Cost of interest-bearing liabilities | 2.49 | % | 2.60 | % | ||||
| Cost of funds | 1.94 | % | 1.99 | % | ||||
| Net interest spread (FTE)* | 2.30 | % | 2.02 | % | ||||
| Net interest margin (FTE)* | 2.95 | % | 2.72 | % | ||||
| Return on average assets | 1.05 | % | 0.83 | % | ||||
| Pre-provision net revenue to average assets* | 1.28 | % | 1.02 | % | ||||
| Return on average equity | 12.88 | % | 10.58 | % | ||||
| Return on average tangible equity* | 14.20 | % | 11.82 | % | ||||
| Efficiency ratio (FTE)* | 60.30 | % | 66.19 | % | ||||
| Expense ratio | 1.38 | % | 1.47 | % | ||||
| FIDELITY D & D BANCORP, INC. Selected Financial Ratios and Other Financial Data | ||||||||||||||||||||
| Other financial data | At period end: | |||||||||||||||||||
| (dollars in thousands except per share data) | Dec. 31, 2025 | Sep. 30, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | |||||||||||||||
| Assets under management | $ | 1,058,881 | $ | 1,037,414 | $ | 1,030,268 | $ | 955,647 | $ | 921,994 | ||||||||||
| Book value per share | $ | 41.39 | $ | 39.75 | $ | 37.78 | $ | 36.70 | $ | 35.56 | ||||||||||
| Tangible book value per share* | $ | 37.88 | $ | 36.23 | $ | 34.25 | $ | 33.16 | $ | 31.98 | ||||||||||
| Equity to assets | 8.69 | % | 8.38 | % | 8.08 | % | 7.81 | % | 7.89 | % | ||||||||||
| Tangible common equity ratio* | 8.01 | % | 7.69 | % | 7.38 | % | 7.11 | % | 7.16 | % | ||||||||||
| Allowance for credit losses on loans to: | ||||||||||||||||||||
| Total loans | 1.06 | % | 1.06 | % | 1.09 | % | 1.10 | % | 1.09 | % | ||||||||||
| Non-accrual loans | 10.66x | 7.78x | 6.50x | 3.36x | 2.68x | |||||||||||||||
| Non-accrual loans to total loans | 0.10 | % | 0.14 | % | 0.17 | % | 0.33 | % | 0.41 | % | ||||||||||
| Non-performing assets to total assets | 0.08 | % | 0.11 | % | 0.13 | % | 0.23 | % | 0.30 | % | ||||||||||
| Net charge-offs to average total loans | 0.03 | % | 0.03 | % | 0.05 | % | 0.02 | % | 0.03 | % | ||||||||||
| Capital Adequacy Ratios | ||||||||||||||||||||
| Total risk-based capital ratio | 14.78 | % | 14.52 | % | 14.72 | % | 14.74 | % | 14.78 | % | ||||||||||
| Common equity tier 1 risk-based capital ratio | 13.65 | % | 13.39 | % | 13.57 | % | 13.57 | % | 13.60 | % | ||||||||||
| Tier 1 risk-based capital ratio | 13.65 | % | 13.39 | % | 13.57 | % | 13.57 | % | 13.60 | % | ||||||||||
| Leverage ratio | 9.34 | % | 9.27 | % | 9.16 | % | 9.22 | % | 9.22 | % | ||||||||||
| * Non-GAAP Financial Measures – see reconciliations below | ||||||||||||||||||||
| FIDELITY D & D BANCORP, INC. Reconciliations of Non-GAAP Financial Measures to GAAP | ||||||||||||||||||||
| Reconciliations of Non-GAAP Measures to GAAP | Three Months Ended | |||||||||||||||||||
| (dollars in thousands) | Dec. 31, 2025 | Sep. 30, 2025 | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | |||||||||||||||
| FTE net interest income (non-GAAP) | ||||||||||||||||||||
| Interest income (GAAP) | $ | 31,084 | $ | 30,682 | $ | 29,765 | $ | 28,308 | $ | 28,059 | ||||||||||
| Adjustment to FTE | 800 | 785 | 760 | 771 | 764 | |||||||||||||||
| Interest income adjusted to FTE (non-GAAP) | 31,884 | 31,467 | 30,525 | 29,079 | 28,823 | |||||||||||||||
| Interest expense (GAAP) | 11,804 | 12,253 | 11,836 | 11,275 | 11,685 | |||||||||||||||
| Net interest income adjusted to FTE (non-GAAP) | $ | 20,080 | $ | 19,214 | $ | 18,689 | $ | 17,804 | $ | 17,138 | ||||||||||
| Efficiency Ratio (non-GAAP) | ||||||||||||||||||||
| Non-interest expenses (GAAP) | $ | 14,921 | $ | 14,632 | $ | 14,710 | $ | 14,554 | $ | 14,395 | ||||||||||
| Net interest income (GAAP) | 19,280 | 18,429 | 17,929 | 17,033 | 16,374 | |||||||||||||||
| Plus: taxable equivalent adjustment | 800 | 785 | 760 | 771 | 764 | |||||||||||||||
| Non-interest income (GAAP) | 5,122 | 5,105 | 5,359 | 4,973 | 4,847 | |||||||||||||||
| (Gain) Loss on sales of securities | 371 | (3 | ) | - | 822 | - | ||||||||||||||
| Net interest income (FTE) plus adjusted non-interest income (non-GAAP) | $ | 25,573 | $ | 24,316 | $ | 24,048 | $ | 23,599 | $ | 21,985 | ||||||||||
| Efficiency ratio (non-GAAP) (1) | 58.35 | % | 60.17 | % | 61.17 | % | 61.67 | % | 65.48 | % | ||||||||||
| (1) The reported efficiency ratio is a non-GAAP measure calculated by dividing non-interest expense by the sum of net interest income, on an FTE basis, and adjusted non-interest income. | ||||||||||||||||||||
| Tangible Book Value per Share/Tangible Common Equity Ratio (non-GAAP) | ||||||||||||||||||||
| Total assets (GAAP) | $ | 2,748,058 | $ | 2,736,750 | $ | 2,698,575 | $ | 2,711,310 | $ | 2,584,616 | ||||||||||
| Less: Intangible assets | (20,242 | ) | (20,303 | ) | (20,364 | ) | (20,431 | ) | (20,504 | ) | ||||||||||
| Tangible assets | 2,727,816 | 2,716,447 | 2,678,211 | 2,690,879 | 2,564,112 | |||||||||||||||
| Total shareholders' equity (GAAP) | 238,860 | 229,247 | 217,912 | 211,674 | 203,969 | |||||||||||||||
| Less: Intangible assets | (20,242 | ) | (20,303 | ) | (20,364 | ) | (20,431 | ) | (20,504 | ) | ||||||||||
| Tangible common equity | 218,618 | 208,944 | 197,548 | 191,243 | 183,465 | |||||||||||||||
| Common shares outstanding, end of period | 5,771,110 | 5,767,288 | 5,767,490 | 5,767,500 | 5,736,252 | |||||||||||||||
| Tangible Common Book Value per Share | $ | 37.88 | $ | 36.23 | $ | 34.25 | $ | 33.16 | $ | 31.98 | ||||||||||
| Tangible Common Equity Ratio | 8.01 | % | 7.69 | % | 7.38 | % | 7.11 | % | 7.16 | % | ||||||||||
| Pre-Provision Net Revenue to Average Assets | ||||||||||||||||||||
| Income before taxes (GAAP) | $ | 9,211 | $ | 8,592 | $ | 8,258 | $ | 7,082 | $ | 6,661 | ||||||||||
| Plus: Provision for credit losses | 270 | 310 | 320 | 370 | 165 | |||||||||||||||
| Total pre-provision net revenue (non-GAAP) | 9,481 | 8,902 | 8,578 | 7,452 | 6,826 | |||||||||||||||
| Total (annualized) (non-GAAP) | $ | 37,615 | $ | 35,316 | $ | 34,404 | $ | 30,220 | $ | 27,157 | ||||||||||
| Average assets | $ | 2,757,902 | $ | 2,708,126 | $ | 2,681,194 | $ | 2,609,769 | $ | 2,565,232 | ||||||||||
| Pre-Provision Net Revenue to Average Assets (non-GAAP) | 1.36 | % | 1.30 | % | 1.28 | % | 1.16 | % | 1.06 | % | ||||||||||
| FIDELITY D & D BANCORP, INC. Reconciliations of Non-GAAP Financial Measures to GAAP | ||||||||
| Reconciliations of Non-GAAP Measures to GAAP | Years ended | |||||||
| (dollars in thousands) | Dec. 31, 2025 | Dec. 31, 2024 | ||||||
| FTE net interest income (non-GAAP) | ||||||||
| Interest income (GAAP) | $ | 119,839 | $ | 107,022 | ||||
| Adjustment to FTE | 3,116 | 3,036 | ||||||
| Interest income adjusted to FTE (non-GAAP) | 122,955 | 110,058 | ||||||
| Interest expense (GAAP) | 47,168 | 45,157 | ||||||
| Net interest income adjusted to FTE (non-GAAP) | $ | 75,787 | 64,901 | |||||
| Efficiency Ratio (non-GAAP) | ||||||||
| Non-interest expenses (GAAP) | $ | 58,817 | $ | 55,541 | ||||
| Net interest income (GAAP) | 72,671 | 61,865 | ||||||
| Plus: taxable equivalent adjustment | 3,116 | 3,036 | ||||||
| Non-interest income (GAAP) | 20,559 | 19,013 | ||||||
| Loss on sales of securities | 1,190 | - | ||||||
| Net interest income (FTE) plus non-interest income (non-GAAP) | $ | 97,536 | $ | 83,914 | ||||
| Efficiency ratio (non-GAAP) (1) | 60.30 | % | 66.19 | % | ||||
| (1) The reported efficiency ratio is a non-GAAP measure calculated by dividing non-interest expense by the sum of net interest income, on an FTE basis, and adjusted non-interest (loss) income. | ||||||||
| Pre-Provision Net Revenue to Average Assets | ||||||||
| Income before taxes (GAAP) | $ | 33,143 | $ | 23,872 | ||||
| Plus: Provision for credit losses | 1,270 | 1,465 | ||||||
| Total pre-provision net revenue (non-GAAP) | $ | 34,413 | $ | 25,337 | ||||
| Average assets | $ | 2,689,705 | $ | 2,493,659 | ||||
| Pre-Provision Net Revenue to Average Assets (non-GAAP) | 1.28 | % | 1.02 | % | ||||
| Contacts: | |
| Daniel J. Santaniello | Salvatore R. DeFrancesco, Jr. |
| President and Chief Executive Officer | Treasurer and Chief Financial Officer |
| 570-504-8035 | 570-504-8000 |
FAQ
How much net income did FDBC report for full year 2025 (FDBC)?
What were FDBC's diluted earnings per share for 2025 and the year‑over‑year change?
How did FDBC's net interest margin and net interest income perform in 2025?
What asset and capital metrics did FDBC report at December 31, 2025?
Were there notable credit‑quality or provisioning changes for FDBC in 2025?
