Fidelity D & D Bancorp Q3 net income $7.7M, diluted EPS $1.36, up 60% YoY

FIDELITY D & D BANCORP INC

2022-Q3 EPS reported $4.03

Net income for Q3 2022 was $7.7M ($1.36 diluted EPS) vs $4.9M ($0.85) in Q3 2021, a 58% increase.
Net interest income rose 8% to $18.5M, driven by higher average loan balances and improved yields.
Non-interest expenses dropped $2.2M to $13.0M due to absence of prior-year merger costs.
Total assets grew to $2.4B; non-performing assets improved to 0.19% of total assets from 0.27%.
Tangible book value per share fell to $22.24 from $33.68 due to $82.5M after-tax unrealized losses in investment portfolio.

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