secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001437749-22-024740
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 Q3 net income $7.7M, diluted EPS $1.36, up 60% YoY
-------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774922024740/0001437749-22-024740-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774922024740/fdbc20220831_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-024740

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