Fidelity D & D Bancorp, Inc. reported a net income of $7.8 million, or $1.37 diluted earnings per share, for the three months ended December 31, 2021, compared to $5.2 million, or $1.03 diluted earnings per share, for the three months ended December 31, 2020. The increase in net income was primarily driven by a rise in net interest income and a reduction in the provision for loan losses.
Net income for Q4 2021 was $7.8 million, a 51% increase compared to Q4 2020.
Diluted earnings per share increased by $0.34 per share, or 33%, due to the higher net income.
Net interest income increased by $5.1 million, a 39% increase compared to Q4 2020.
The company successfully executed the acquisition of Landmark Bancorp, Inc. and realized the benefits during Q4 2021.
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