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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.
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, Inc. (NASDAQ: FDBC) reported record financial results for Q1 2022, achieving net income of $7.5 million or $1.32 per share, up 33% from $5.7 million in Q1 2021. Key drivers included a $3.8 million rise in net interest income, despite increased non-interest expenses. The company’s total assets remained stable at $2.4 billion, with a 29% increase in net interest income to $17.3 million. However, non-interest income fell by 17%, affected by declining mortgage activity. Strong asset quality supports future growth amid economic uncertainties.
Fidelity Bank has announced the purchase of the historic Scranton Electric Building in downtown Scranton, intending to establish its new corporate headquarters. President & CEO Daniel J. Santaniello highlighted that this move is essential due to the bank's rapid growth, which has seen a doubling of staff and a $1.8 billion increase in assets since 2011. The headquarters will create over 130 jobs and boost local economic activity, with a total project cost of around $20 million, partially funded by a $4 million state program.
The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) has declared a second quarter dividend of $0.33 per share, payable on June 10, 2022, to shareholders of record at the close of business on May 20, 2022. The company operates through 22 community banking offices across Lackawanna, Luzerne, and Northampton Counties and offers a digital banking experience. This dividend reflects the company’s ongoing commitment to return value to its shareholders.
The Board of Directors of Fidelity D & D Bancorp has declared a second quarter dividend of $0.33 per share, scheduled for payment on June 10, 2022. Shareholders of record as of May 20, 2022 will be eligible. Fidelity D & D Bancorp operates 23 community banking offices in Lackawanna, Luzerne, and Northampton Counties, and offers digital banking services through its online platform and mobile app. For further investor information, visit www.bankatfidelity.com.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) reported record financial results for 2021, with net income of $24 million, a 84% increase year-over-year. The diluted earnings per share rose to $4.48, up from $2.82. Significant growth in net interest income to $61.8 million, a 40% increase, and a reduction in provision for loan losses contributed to this performance. The acquisition of Landmark Bancorp bolstered the bank's assets by $375.5 million. Total assets were $2.4 billion, reflecting a 42% increase, while total liabilities rose by 44%. Shareholders' equity also increased by 27%.
The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) has announced a 10% increase in its first quarter dividend to $0.33 per share, up from $0.30 from the previous year. This dividend is payable on March 10, 2022, to shareholders of record by February 17, 2022. Fidelity D & D Bancorp operates in Lackawanna, Luzerne, and Northampton Counties through its bank offerings that include 23 full-service community banking offices and digital services.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) reported its financial results for Q3 2021, showing a net income of $4.9 million, down 2% from $5.0 million in Q3 2020. Diluted earnings per share (EPS) decreased to $0.85 from $0.99. This decline resulted from a $5.7 million rise in non-interest expenses, primarily due to merger-related costs of $2.2 million. Net interest income rose 37% to $17.2 million driven by increased interest-earning assets. The company remains well-capitalized with a Tier 1 capital ratio of 7.99% and reported a 23% increase in shareholders’ equity year-to-date.
The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) has declared a fourth quarter dividend of $0.33 per share, marking a 10% increase from the previous $0.30 dividend. This increase, the seventh consecutive year, reflects the company’s commitment to enhancing shareholder value while investing in profitable growth opportunities. The dividend is payable on December 10, 2021, to shareholders of record by November 19, 2021. The company operates 23 community banking offices across Lackawanna, Luzerne, and Northampton Counties.
DUNMORE, Pa., Sept. 03, 2021 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) announces the retirement of Mary E. McDonald as a Director, effective today. McDonald served on the Board since 2000, contributing valuable insights during her tenure. CEO Daniel J. Santaniello expressed gratitude for her service, noting her instrumental role in the organization's growth. The release also includes forward-looking statements highlighting risks such as economic conditions due to COVID-19 and regulatory changes that may affect future performance.
Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) announced a quarterly dividend of $0.30 per share. For Q2 2021, net income reached $5.7 million ($1.13 EPS), a significant increase from $0.3 million ($0.05 EPS) in Q2 2020, driven by higher net interest income and lower provisions for loan losses. Year-to-date, net interest income rose 42% to $26.8 million. The acquisition of Landmark Bancorp contributed to asset growth, bringing total assets to approximately $2.3 billion. However, non-interest expenses increased by 20% year-over-year to $22.3 million.
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