secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001437749-24-002162
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774924002162/0001437749-24-002162-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774924002162/fdbc20231128_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002162

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