secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001437749-23-020689
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fidelity D&D Q2 net income falls to $5.4M from $7.7M; EPS $0.94 vs $1.35
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- Q2 2023 net income $5.4M ($0.94 diluted EPS) vs $7.7M ($1.35) in Q2 2022; a 30% decline.
- Net interest income fell 15% to $15.4M, driven by a 146 bps increase in deposit costs and higher borrowings.
- Non-interest income rose 7% to $4.5M, led by commercial loan fees and deposit service charges.
- Non-performing assets were 0.15% of total assets (Dec 2022: 0.12%); net charge-offs 0.05%.
- Tangible book value per share $27.59 (Dec 2022: $25.18); Tier 1 capital ratio 9.08%, well capitalized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923020689/0001437749-23-020689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774923020689/fdbc20230612_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020689

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