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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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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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