Welcome to our dedicated page for Fidelity Dam news (Ticker: FDBC), a resource for investors and traders seeking the latest updates and insights on Fidelity Dam stock.
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.
Access real-time updates on earnings reports, regulatory filings, leadership changes, and strategic initiatives. Our curated collection ensures investors and analysts stay informed about FDBC’s market position, product launches, and community engagement efforts without speculative commentary.
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 a net income of $7.0 million for the first quarter of 2023, down 6% from $7.5 million in Q1 2022. Diluted earnings per share also fell 6% to $1.24, attributed to a decline in net interest income and increased non-interest expenses. Net interest income decreased to $17.0 million, primarily due to a 99 basis point rise in interest expense. The company’s total assets grew to $2.4 billion, reflecting a $65 million increase since December 2022. Shareholder equity increased 8% to $175.9 million. Non-performing assets rose to $3.4 million, a 0.14% ratio of total assets. The bank maintains a solid capital position with Tier 1 capital at 8.92%.
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