earnings
confidence high
sentiment positive
materiality 0.75
Fidelity D & D Bancorp Q2 2022 net income up 35% to $7.7M, EPS $1.35
FIDELITY D & D BANCORP INC
2022-Q2 EPS reported
$2.67
- Q2 net income $7.7M ($1.35 diluted EPS) vs $5.7M ($1.13) in Q2 2021, a 35% increase.
- Net interest income rose 36% to $18.1M; FTE net interest margin improved 24 bps to 3.34%.
- Loan portfolio grew $29M in H1 2022; non-performing assets improved to 0.20% of total assets.
- Shareholders' equity fell 23% to $162.6M due to $61.1M after-tax unrealized losses on investment securities.
- Tangible book value per share dropped to $24.99 from $33.68 at Dec 2021; Tier 1 capital ratio 8.43%.