secwatch.observer — SEC 8-K summary
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Issuer:     FIDELITY D & D BANCORP INC (FDBC)
CIK:        0001098151
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001437749-24-023310
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098151/000143774924023310/0001437749-24-023310-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098151/000143774924023310/fdbc20240612_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023310

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