secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001098151-22-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fidelity D & D Bancorp reports record Q1 2022 net income of $7.5M, diluted EPS $1.32
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000109815122000012/0001098151-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000109815122000012/fdbc-20220427x8k.htm
  HTML page:      https://secwatch.observer/filing/0001098151-22-000012

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