Loading...
•
Mar 31, 2024
Fidelity D & D Bancorp Q1 2024 Earnings Report
Fidelity D & D Bancorp reported a decrease in net income due to lower net interest income and higher non-interest expenses.
Key Takeaways
Fidelity D & D Bancorp's net income for Q1 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 Q1 2023. The decline in net income was primarily due to a decrease in net interest income and an increase in non-interest expenses.
Net income decreased to $5.1 million, or $0.88 diluted EPS, compared to $7.0 million, or $1.24 diluted EPS, in the same quarter last year.
Net interest income decreased by 12% to $14.9 million due to higher interest expense.
Non-interest expenses increased by 6% to $13.7 million primarily due to higher salaries and insurance expenses.
Total assets amounted to $2.5 billion as of March 31, 2024, a decrease of $34 million from December 31, 2023.
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...