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Sep 30, 2020
Fidelity D & D Bancorp Q3 2020 Earnings Report
Announced fourth quarter dividend increased 7% and reported third quarter 2020 financial results
Key Takeaways
Fidelity D & D Bancorp reported a net income of $5.0 million, or $0.99 diluted earnings per share, for the quarter ended September 30, 2020, compared to $3.1 million, or $0.80 diluted earnings per share, for the quarter ended September 30, 2019. The increase in net income was primarily driven by a $4.5 million increase in net interest income and $1.7 million in additional non-interest income.
Net income for the quarter ended September 30, 2020 was $5.0 million, or $0.99 diluted earnings per share.
Third quarter diluted earnings per share increased by $0.19 per share, or 24%, due to the higher net income.
Net interest income was $12.5 million for the third quarter of 2020, a 57% increase over the $8.0 million earned for the third quarter of 2019.
Total non-interest income increased $1.7 million to $4.3 million for the third quarter of 2020 compared to $2.6 million for the third quarter of 2019.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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