Loading...
•
Dec 31, 2024
Fidelity D & D Bancorp Q4 2024 Earnings Report
Reported solid Q4 performance driven by strategic initiatives and improved net interest margin.
Key Takeaways
Fidelity D & D Bancorp reported a strong Q4 performance, with net income increasing to $5.8 million, or $1.01 per diluted share, compared to $0.5 million, or $0.08 per diluted share, for the same quarter last year. The increase in net income was driven by a loss on the sale of securities in Q4 2023 and an increase in net interest income. The company's total assets reached $2.6 billion.
Net income for Q4 2024 was $5.8 million, or $1.01 diluted earnings per share, compared to $0.5 million, or $0.08 diluted earnings per share, for Q4 2023.
Net interest income increased by $1.5 million to $16.4 million in Q4 2024, compared to $14.9 million in Q4 2023.
Total assets grew to $2.6 billion as of December 31, 2024, an increase of $81.5 million from December 31, 2023.
The company's Tier 1 capital ratio was 9.22% of total average assets as of December 31, 2024.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...