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Dec 31, 2019
Fidelity D & D Bancorp Q4 2019 Earnings Report
Net income decreased due to higher non-interest expenses, but adjusted net income increased driven by higher non-interest income.
Key Takeaways
Fidelity D & D Bancorp reported a decrease in net income for Q4 2019, primarily due to merger-related expenses. However, adjusted net income, excluding these expenses, showed an increase driven by higher non-interest income. The company's total assets grew to over $1 billion during 2019.
Net income decreased by 5% to $2.7 million compared to the same period in 2018.
Diluted earnings per share were $0.71, down from $0.75 in Q4 2018.
Return on average assets (ROA) was 1.06%, and return on average equity (ROE) was 10.19%.
Net interest income increased slightly by 1% to $8.0 million.
Forward Guidance
The Company will focus on increasing assets by continuing to use its relationship management strategy and acquisition strategy to grow loans and deposits and achieve profitable returns.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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