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Dec 31, 2020
Fidelity D & D Bancorp Q4 2020 Earnings Report
Fidelity D & D Bancorp achieved record results and increased capital position after acquiring MNB Corporation.
Key Takeaways
Fidelity D & D Bancorp reported a net income of $5.2 million, or $1.03 diluted earnings per share, for the quarter ended December 31, 2020, compared to $2.7 million, or $0.71 diluted earnings per share, for the quarter ended December 31, 2019. The improvement in net income resulted from an increase in net interest income and non-interest income, partially offset by an increase in non-interest expenses and the provision for loan losses.
Net income for the quarter ended December 31, 2020 was $5.2 million, or $1.03 diluted earnings per share.
Net interest income was $12.8 million for the fourth quarter of 2020, a 60% increase over the $8.0 million earned for the fourth quarter of 2019.
Total non-interest income increased $2.2 million to $4.8 million for the fourth quarter of 2020 compared to $2.6 million for the fourth quarter of 2019.
Non-interest expenses increased $3.1 million, or 45%, for the fourth quarter of 2020 to $10.2 million from $7.1 million for the same 2019 quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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