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Jun 30, 2022
Fidelity D & D Bancorp Q2 2022 Earnings Report
Fidelity D & D Bancorp reported strong second quarter earnings driven by net interest income growth.
Key Takeaways
Fidelity D & D Bancorp, Inc. reported net income of $7.7 million, or $1.35 diluted earnings per share, for the quarter ended June 30, 2022, compared to $5.7 million, or $1.13 diluted earnings per share, for the quarter ended June 30, 2021. The increase was primarily due to a $4.8 million increase in net interest income.
Net income increased by 35% compared to the same quarter last year.
Net interest income increased by 36% due to growth in interest-earning assets and higher yields.
Non-interest expenses increased by 18% due to higher salaries and employee benefits.
Total assets remained relatively unchanged at $2.4 billion.
Forward Guidance
This earnings report does not contain any forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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