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.
Bookmark this page for streamlined access to FDBC’s latest updates, or subscribe to alerts for immediate notifications on material developments affecting the company’s operations and stock performance.
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%.
The Board of Directors of Fidelity D & D Bancorp has declared a second quarter dividend of $0.36 per share, payable on June 9, 2023 to shareholders on record as of May 19, 2023. This announcement underscores the company's ongoing commitment to returning value to its shareholders. Fidelity D & D Bancorp, operating through The Fidelity Deposit and Discount Bank, offers comprehensive banking services across several counties in Pennsylvania, including digital services through its Online Banking and Mobile Banking app. The firm continues to adapt to changing market conditions, as noted in their mention of potential risks impacting future results.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) reported a net income of $30.0 million for the year ended December 31, 2022, a 25% increase from $24.0 million in 2021, leading to a diluted earnings per share of $5.29. This growth was driven by a $10.5 million rise in net interest income, despite $1.6 million lower non-interest income and higher expenses. The quarter showed a decline in net income to $7.1 million, primarily due to increased tax provisions and non-interest expenses. Total assets decreased to $2.4 billion, while total liabilities rose. The company remains well-capitalized with a Tier 1 capital ratio of 8.69%.
The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) declared a first-quarter dividend of $0.36 per share, marking a 9% increase from last year’s $0.33. This dividend is set for payment on March 10, 2023, to shareholders on record as of February 17, 2023. Fidelity D & D Bancorp operates through The Fidelity Deposit and Discount Bank, which has 21 community banking offices across several counties, and also offers digital banking services.
Fidelity D & D Bancorp (NASDAQ: FDBC) reported a strong financial performance for Q3 2022, with net income rising to $7.7 million, or $1.36 EPS, a 58% increase from the previous year. The improved results stemmed from a $2.2 million decrease in non-interest expenses and a $1.3 million rise in net interest income, which reached $18.5 million, an 8% increase year-over-year. For the nine months ending September 30, 2022, net income totaled $22.9 million, a 41% increase, driven by growth in loans and net interest margin. However, total non-interest income decreased by 10%. The company remains well-capitalized with asset quality metrics intact.
The Board of Directors of Fidelity D & D Bancorp (NASDAQ: FDBC) has declared a fourth-quarter dividend of $0.36 per share, marking a 9% increase from the previous dividend of $0.33. This increase represents the eighth consecutive year of enhanced dividends, reflecting the company’s commitment to sustainable growth and shareholder value. The dividend is payable on December 9, 2022, to shareholders of record by November 18, 2022. The company attributes this decision to improved revenue levels and successful integration of recent acquisitions.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) reported robust financial results for Q2 and the first half of 2022. Net income surged to $7.7 million, or $1.35 per diluted share, representing a 35% increase year-over-year. This growth was fueled by a $4.8 million rise in net interest income despite a $1.9 million hike in non-interest expenses. For the first half, net income reached $15.2 million, or $2.67 per share, a 34% uptick. The bank maintained strong asset quality, with non-performing assets at 0.20% of total assets, while total assets stood at $2.4 billion.
The Board of Directors of Fidelity D & D Bancorp (NASDAQ: FDBC) announced a third quarter dividend of $0.33 per share, payable on September 9, 2022, to shareholders of record by August 19, 2022.
Fidelity D & D Bancorp operates through The Fidelity Deposit and Discount Bank across Lackawanna, Luzerne, and Northampton Counties, providing community banking services and a digital banking experience.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) announced a plan to repurchase up to 3% of its outstanding common stock, expressing confidence in this as an appealing opportunity for shareholders. The buyback will be funded by available excess capital and replaces all previously announced repurchase plans. This decision reflects the Board's belief in enhancing shareholder value and aligns with the company's commitment to utilizing resources effectively.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) has announced the retirement of Richard J. Lettieri, a Board Director, effective May 3, 2022. Lettieri, who served on the board since 2012, played a vital role in the bank's strategic initiatives, including two acquisitions and the transition towards digital banking. The company's leadership expressed gratitude for his contributions. Fidelity Bank operates 22 full-service offices and offers various banking products, focusing on delivering exceptional customer service through both traditional and digital platforms.
FAQ
What is the current stock price of Fidelity Dam (FDBC)?
What is the market cap of Fidelity Dam (FDBC)?
