secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001437749-23-001726
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923001726/0001437749-23-001726-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923001726/fdbc20230112_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-001726

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