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Jun 30, 2023
Fidelity D & D Bancorp Q2 2023 Earnings Report
Fidelity D & D Bancorp's financial performance for Q2 2023 was reported, revealing a decrease in net income compared to the same period last year, driven by lower net interest income and higher non-interest expenses.
Key Takeaways
Fidelity D & D Bancorp reported a net income of $5.4 million, or $0.94 diluted earnings per share, for the second quarter of 2023. This represents a decrease compared to $7.7 million, or $1.35 diluted earnings per share, for the quarter ended June 30, 2022. The decline was primarily due to a decrease in net interest income and an increase in non-interest expenses.
Net income for Q2 2023 was $5.4 million, or $0.94 diluted earnings per share, compared to $7.7 million, or $1.35 diluted earnings per share, for Q2 2022.
Net interest income decreased by 15% to $15.4 million for Q2 2023, compared to $18.1 million for Q2 2022.
Total non-interest income increased by 7% to $4.5 million for Q2 2023, compared to $4.2 million for Q2 2022.
Total assets grew to $2.4 billion as of June 30, 2023, an increase of $63 million from December 31, 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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