Fidelity D&D Bancorp reports record Q2 net income $5.7M, EPS $1.13 vs $0.05 YoY

FIDELITY D & D BANCORP INC

2021-Q2 EPS reported $2.26

Q2 2021 net income $5.7M ($1.13 diluted EPS) vs $0.3M ($0.05) in Q2 2020; record quarter.
Adjusted net income (non-GAAP) $6.1M ($1.21 EPS) vs $2.2M ($0.48) in Q2 2020.
Declared Q3 dividend $0.30/share, payable Sept 10, record Aug 20.
Landmark acquisition effective July 1; combined assets ~$2.3B, deposits $2.1B, loans $1.4B.
NPL ratio 0.72% of loans; tangible book value $32.74/share; Tier 1 capital 8.38%.

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