Fidelity D & D Bancorp 2023 net income falls 39% to $18.2M, Q4 EPS $0.08 on $6.5M securities loss

FIDELITY D & D BANCORP INC

2023-FY EPS reported $3.19

FY 2023 net income $18.2M ($3.19 diluted EPS) vs $30.0M ($5.29) in 2022; adjusted EPS $4.08.
Q4 2023 net income $0.5M ($0.08 diluted EPS); adjusted Q4 EPS $0.97 vs $1.26 prior year.
Net interest income fell 14% to $62.1M for the year; NIM decreased to 2.81% from 3.28%.
Sold $35.6M of securities in Q4 realizing $6.5M pre-tax loss to deleverage borrowings.
Tangible book value per share rose to $29.57 from $25.18; non-performing assets 0.13% of assets.

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 0.95

FIDELITY D & D BANCORP INC reported three and twelve month periods ended December 31, 2023 results: net income $18.2 million, EPS $3.19 diluted earnings per share.

Period: three and twelve month periods ended December 31, 2023
Net income: $18.2 million
EPS: $3.19 diluted earnings per share
Result: reported results

Exact text from the filing

Net income recorded for the year ended December 31, 2023 was $18.2 million, or $3.19 diluted earnings per share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIDELITY D & D BANCORP INC reported quarter ended December 31, 2023 results: net income $0.5 million, EPS $0.08 diluted earnings per share.

Period: quarter ended December 31, 2023
Net income: $0.5 million
EPS: $0.08 diluted earnings per share
Result: reported results

Exact text from the filing

Net income for the quarter ended December 31, 2023 was $0.5 million, or $0.08 diluted earnings per share

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Source: SEC EDGAR

accession 0001437749-24-002162

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