Fidelity D & D Bancorp Q2 2024 net income $4.9M, down 9% from prior year

FIDELITY D & D BANCORP INC

2024-Q2 EPS reported $1.73

Net income for Q2 2024 was $4.9 million, or $0.86 diluted EPS, compared to $5.4 million, or $0.94 diluted EPS, a year ago.
Net interest income fell to $15.1 million from $15.5 million, driven by higher deposit costs and an inverted yield curve.
Non-performing assets rose to $6.9 million (0.28% of assets) from $3.3 million at year-end 2023.
Tier 1 capital ratio was 9.30% and total risk-based capital 14.69%, both above well-capitalized thresholds.
Tangible book value per share improved to $30.52 from $29.57 at December 31, 2023.

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