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Sep 30, 2022
Fidelity D & D Bancorp Q3 2022 Earnings Report
Reported an increase in net income due to a decline in non-interest expenses and an increase in net interest income.
Key Takeaways
Fidelity D & D Bancorp reported a net income of $7.7 million, or $1.36 diluted earnings per share, for the third quarter of 2022, compared to $4.9 million, or $0.85 diluted earnings per share, for the same quarter in 2021. The improvement in net income was primarily due to a decline in non-interest expenses and an increase in net interest income.
Net income for the quarter ended September 30, 2022 was $7.7 million, or $1.36 diluted earnings per share.
Net interest income was $18.5 million for the third quarter of 2022, an 8% increase over the $17.2 million earned for the third quarter of 2021.
Non-interest expenses decreased $2.2 million, or 14%, for the third quarter of 2022.
Total assets grew to $2.4 billion as of September 30, 2022, an increase of $17 million from December 31, 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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