secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2022-07-27T23:59:59+00:00
Accession:  0001437749-22-017845
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 Q2 2022 net income up 35% to $7.7M, EPS $1.35
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774922017845/0001437749-22-017845-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774922017845/fdbc20220620_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-017845

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer