earnings
confidence high
sentiment positive
materiality 0.75
Fidelity D & D Bancorp reports record Q1 2022 net income of $7.5M, diluted EPS $1.32
FIDELITY D & D BANCORP INC
2022-Q1 EPS reported
$1.32
- Net income $7.5M ($1.32 diluted EPS) vs $5.7M ($1.13) in Q1 2021, up 33%.
- Net interest income $17.3M, up 29% from $13.5M on Landmark acquisition and loan growth.
- Non-interest income down 17% to $4.5M on lower mortgage gains; expenses up 10% to $12.7M.
- Total assets $2.4B; loans grew $14M, but investment fair value fell $27M on rate rise.
- Non-performing assets 0.17% of assets (improved from 0.27%); Tier 1 leverage 8.14%.