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Dec 31, 2022
Fidelity D & D Bancorp Q4 2022 Earnings Report
Fidelity D & D Bancorp reported a decline in net income due to an increase in income tax provision, higher non-interest expenses, and a decrease in non-interest income, which was partially offset by an improvement in net interest income.
Key Takeaways
Fidelity D & D Bancorp, Inc. reported net income of $7.1 million, or $1.26 diluted earnings per share, for the quarter ended December 31, 2022, compared to $7.8 million, or $1.37 diluted earnings per share, for the quarter ended December 31, 2021. The decrease in net income was primarily driven by an increase in the provision for income taxes and higher non-interest expenses, partially offset by an improvement in net interest income.
Net income decreased by 8% compared to the same quarter last year.
Net interest income increased by 3% year-over-year.
Non-interest income decreased by 6% compared to the fourth quarter of 2021.
Non-interest expenses increased by 2% compared to the same period last year.
Forward Guidance
As we enter 2023, we are well positioned to continue to create shareholder value.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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