secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001437749-24-012950
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 Q1 2024 net income down 27% YoY to $5.1M; EPS $0.88
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774924012950/0001437749-24-012950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774924012950/fdbc20240319_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-012950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer