Fidelity D & D Bancorp Q1 2024 net income down 27% YoY to $5.1M; EPS $0.88

FIDELITY D & D BANCORP INC

2024-Q1 EPS reported $0.88

Net income $5.1M ($0.88 diluted EPS) vs $7.0M ($1.24) in Q1 2023, a $1.9M decline.
Net interest income fell 12% to $14.9M from $17.0M due to $5.4M higher interest expense.
Non-interest expenses rose 6% to $13.7M; non-interest income up 2% to $4.6M.
Loans grew $11M in Q1; total assets down $34M to $2.5B; deposits up $58M.
Non-performing assets $3.8M (0.15% of assets); tangible book value $29.80 per share.

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 the three-month period ended March 31, 2024 results: net income $5.1 million, EPS $0.88 diluted earnings per share.

Period: the three-month period ended March 31, 2024
Net income: $5.1 million
EPS: $0.88 diluted earnings per share
Result: reported results

Exact text from the filing

Net income for the quarter ended March 31, 2024 was $5.1 million, or $0.88 diluted earnings per share, compared to $7.0 million, or $1.24 diluted earnings per share, for the quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001437749-24-012950

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