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Sep 30, 2023
Fidelity D & D Bancorp Q3 2023 Earnings Report
Reported financial results for Q3 2023.
Key Takeaways
Fidelity D & D Bancorp, Inc. reported a net income of $5.3 million, or $0.93 diluted earnings per share, for the quarter ended September 30, 2023, compared to $7.6 million, or $1.36 diluted earnings per share, for the quarter ended September 30, 2022. The decline in net income resulted primarily from the decline in net interest income led by higher interest expense.
Net income for the quarter ended September 30, 2023 was $5.3 million, or $0.93 diluted earnings per share.
Net interest income was $14.6 million for the third quarter of 2023, a 21% decrease from the $18.5 million earned for the third quarter of 2022.
Total non-interest income increased $0.4 million, or 11%, to $4.3 million for the third quarter of 2023 compared to $3.9 million for the third quarter of 2022.
Non-interest expenses decreased $0.3 million, or 2%, for the third quarter of 2023 to $12.8 million from $13.1 million for the same quarter of 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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