Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to______________________ Commission file number: 001-38229 FIDELITY D & D BANCORP, INC. STATE OF INCORPORATION: IRS EMPLOYER IDENTIFICATI ...

DUNMORE, Pa., May 06, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s second quarter dividend of $0.40 per share. The dividend is payable June 10, 2025 to shareholders of record at the close of business on May 20, 2025. Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne, Northampton and Lehigh Counties through The Fidelity Deposit and Discount Bank’s 21 f ...

Financial Performance - Net income for Q1 2025 was $6.0 million, or $1.03 diluted earnings per share, an 18% increase from $5.1 million, or $0.88 per share in Q1 2024 [3]. - Net income for the three months ended March 31, 2025, was $5,991 thousand, up 18.5% from $5,057 thousand for the same period in 2024 [25]. - Basic earnings per share rose to $1.04 for the three months ended March 31, 2025, compared to $1.02 for the previous quarter, reflecting a 1.96% increase [29]. - Income before taxes (GAAP) for Q1 2025 was $7,082,000, compared to $6,661,000 in Q4 2024, marking an increase of 6.30% [32]. Assets and Equity - Total assets reached $2.7 billion as of March 31, 2025, an increase of $126.7 million from December 31, 2024 [11]. - Total assets increased to $2,711,310 thousand as of March 31, 2025, up from $2,584,616 thousand at December 31, 2024, representing a growth of 4.9% [23]. - Shareholders' equity increased by $7.7 million, or 4%, to $211.7 million at March 31, 2025, from $204.0 million at December 31, 2024 [13]. - Shareholders' equity increased to $211,674 thousand as of March 31, 2025, up from $203,969 thousand at December 31, 2024, reflecting a growth of 3.4% [23]. Income and Expenses - Net interest income was $17.0 million for Q1 2025, a 14% increase from $14.9 million in Q1 2024, driven by a $2.7 million increase in interest income [5]. - Total non-interest income rose by $0.4 million, or 9%, to $5.0 million in Q1 2025 compared to $4.6 million in Q1 2024 [8]. - Non-interest expenses increased by $0.9 million, or 6%, to $14.6 million in Q1 2025 from $13.7 million in Q1 2024 [9]. - Total interest expense for the three months ended March 31, 2025, was $11,275 thousand, compared to $10,682 thousand for the same period in 2024, an increase of 5.5% [25]. Credit Quality - The provision for credit losses on loans was $455 thousand in Q1 2025, compared to $125 thousand in Q1 2024, reflecting higher loan growth and net charge-offs [7]. - The allowance for credit losses on loans was $20,019 thousand as of March 31, 2025, compared to $19,391 thousand at December 31, 2024, indicating a slight increase in provisions [23]. - Total non-performing assets decreased to $6.1 million, or 0.23% of total assets, down from $7.8 million, or 0.30% at December 31, 2024 [14]. - Non-performing assets to total assets decreased to 0.23% as of March 31, 2025, down from 0.30% at December 31, 2024, reflecting improved asset quality [30]. Capital Ratios - The company maintains a Tier 1 capital ratio of 9.22% of total average assets as of March 31, 2025, indicating strong capitalization [13]. - The total risk-based capital ratio remained stable at 14.74% as of March 31, 2025, compared to 14.78% in the previous quarter, indicating strong capital adequacy [30]. - Tangible common equity ratio was 7.11% in Q1 2025, slightly down from 7.16% in Q4 2024, indicating a minor decrease in capital efficiency [32]. Efficiency and Management - The efficiency ratio (FTE) improved to 61.67% in Q1 2025, down from 65.48% in Q4 2024, indicating better cost management [29]. - Efficiency ratio (non-GAAP) improved to 61.67% in Q1 2025 from 65.47% in Q4 2024, showing a positive trend in operational efficiency [32]. - Total pre-provision net revenue (non-GAAP) reached $7,452,000 in Q1 2025, up from $6,826,000 in Q4 2024, a growth of 9.15% [32]. Deposits and Loans - Total deposits rose to $2,457,459 thousand as of March 31, 2025, compared to $2,340,820 thousand at December 31, 2024, reflecting an increase of 5.0% [23]. - Interest income from loans and leases increased to $24,596 thousand for the three months ended March 31, 2025, compared to $22,133 thousand for the same period in 2024, marking a growth of 11.1% [25].

Core Insights - Fidelity D & D Bancorp, Inc. reported a net income of $6.0 million for Q1 2025, an increase of 18% from $5.1 million in Q1 2024, driven by higher net interest income and non-interest income [2][3][4] - The company achieved total assets of $2.7 billion as of March 31, 2025, reflecting a growth of $126.7 million from the previous quarter [3][10] - The outlook for the year remains positive, supported by effective expense management and healthy credit metrics [3] Financial Performance - Net interest income rose to $17.0 million in Q1 2025, a 14% increase from $14.9 million in Q1 2024, primarily due to a $2.7 million increase in interest income [4][5] - Non-interest income increased by 9% to $5.0 million, attributed to growth in wealth management and interchange fees [7] - Non-interest expenses grew by 6% to $14.6 million, with salary and benefits expenses being the main contributors [8] Asset Quality - Total non-performing assets decreased to $6.1 million, or 0.23% of total assets, down from 0.30% at the end of 2024 [14] - The provision for credit losses on loans was $455 thousand, reflecting higher loan growth and net charge-offs compared to the previous year [6][14] Balance Sheet Highlights - Total liabilities increased by $119.0 million, or 5%, driven by deposit growth of $116.6 million [11] - Shareholders' equity rose by 4% to $211.7 million, supported by retained earnings from net income [12][13] - The company maintains a strong capital position with a Tier 1 capital ratio of 9.22% as of March 31, 2025 [13] Key Ratios - The FTE yield on interest-earning assets was 4.73%, up 21 basis points from the previous year [5][30] - The net interest margin increased to 2.89% from 2.69% year-over-year, indicating improved efficiency in generating income from assets [5][30] - Return on average assets was 0.93%, while return on average equity was 11.66% for the quarter [30]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to______________________ COMMISSION FILE NUMBER 001-38229 FIDELITY D & D BANCORP, INC. SECURITIES REGISTERED UNDER SECTION 12(g) OF THE ACT: None In ...

Date: January 29, 2025 Contacts: President and Chief Executive Officer Treasurer and Chief Financial Officer FIDELITY D & D BANCORP, INC. REPORTS 2024 FINANCIAL RESULTS Dunmore, PA – Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank ("the Company"), announced its unaudited, consolidated financial results for the three and twelve month periods ended December 31, 2024. FIDELITY D & D BANCORP, INC. FOR IMMEDIATE RELEASE Daniel J. Santaniello Salvator ...

DUNMORE, Pa., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank ("the Company"), announced its unaudited, consolidated financial results for the three and twelve month periods ended December 31, 2024. Unaudited Financial Information Net income recorded for the year ended December 31, 2024 was $20.8 million, or $3.60 diluted earnings per share, compared to $18.2 million, or $3.19 diluted earnings per share, for the ...

DUNMORE, Pa., Jan. 24, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s 2025 first quarter dividend of $0.40 per share, a 5% increase above the prior year’s first quarter dividend paid of $0.38 per share. The dividend is payable March 10, 2025 to shareholders of record at the close of business on February 14, 2025. Fidelity D & D Bancorp, Inc. serves Lackawanna ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to______________________ Commission file number: 001-38229 FIDELITY D & D BANCORP, INC. STATE OF INCORPORATION: IRS EMPLOYER IDENTIFI ...

Exhibit 99.1 FIDELITY D & D BANCORP, INC. FOR IMMEDIATE RELEASE Date: October 23, 2024 Contacts: Daniel J. Santaniello Salvatore R. DeFrancesco, Jr. President and Chief Executive Officer Treasurer and Chief Financial Officer 570-504-8035 570-504-8000 FIDELITY D & D BANCORP, INC. REPORTS THIRD QUARTER 2024 FINANCIAL RESULTS Dunmore, PA – Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank, announced its unaudited, consolidated financial results for t ...