Fidelity D & D Bancorp reports 2022 net income up 25% to $30.0M, Q4 EPS $1.26 down 8% YoY

FIDELITY D & D BANCORP INC

2022-FY EPS reported $5.29

Full-year net income $30.0M ($5.29 diluted EPS) up 25% from $24.0M ($4.48) in 2021.
Q4 net income $7.1M ($1.26 EPS) down 8% from $7.8M ($1.37) in Q4 2021.
Net interest income rose 17% to $72.3M for 2022; loan portfolio grew $99M during the year.
Total assets declined $41M to $2.4B; tangible book value per share fell to $25.18 from $33.68 due to $71.3M unrealized loss on investment portfolio.
Non-performing assets improved to 0.17% of total assets (from 0.27%); capital ratios remain well capitalized: Tier 1 leverage 8.69%, total risk-based 14.35%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIDELITY D & D BANCORP INC reported quarter ended December 31, 2022 results: net income Net income for the quarter ended December 31, 2022 was $7.1 million, EPS $1.26 diluted earnings per share.

Period: quarter ended December 31, 2022
Net income: Net income for the quarter ended December 31, 2022 was $7.1 million
EPS: $1.26 diluted earnings per share
Result: reported results

Exact text from the filing

Net income for the quarter ended December 31, 2022 was $7.1 million, or $1.26 diluted earnings per share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIDELITY D & D BANCORP INC reported three and twelve month periods ended December 31, 2022 results: net income Net income recorded for the year ended December 31, 2022 was $30.0 million, EPS $5.29 diluted earnings per share.

Period: three and twelve month periods ended December 31, 2022
Net income: Net income recorded for the year ended December 31, 2022 was $30.0 million
EPS: $5.29 diluted earnings per share
Result: reported results

Exact text from the filing

Net income recorded for the year ended December 31, 2022 was $30.0 million, or $5.29 diluted earnings per share

View on SEC.gov

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Source: SEC EDGAR

accession 0001437749-23-001726

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