Fidelity D & D Bancorp Q3 net income falls to $5.3M from $7.6M; EPS $0.93 vs $1.36

FIDELITY D & D BANCORP INC

2023-Q3 EPS reported $3.11

Net interest income $14.6M, down 21% YoY due to higher deposit costs; net interest margin fell 69 bps to 2.63%.
Non-interest income rose 11% to $4.3M, driven by trust fees and deposit service charges.
Non-performing assets were 0.14% of total assets, flat vs year-end; net charge-offs remain low at 0.04%.
Tier 1 capital ratio 9.22%; total risk-based capital 14.76%; bank remains well capitalized.
Loan portfolio grew $80M YTD to $2.5B total assets; deposit mix shifted toward higher-cost CDs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIDELITY D & D BANCORP INC reported financial results for the three and nine-month periods ended September 30, 2023.

Period: the three and nine-month periods ended September 30, 2023
Result: reported results

Exact text from the filing

On October 25, 2023, Fidelity D & D Bancorp, Inc. issued a press release describing its results of operations for the quarter and year-to-date ended September 30, 2023.

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Source: SEC EDGAR

accession 0001437749-23-028910

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