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 June 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 IDENTIFICATIO ...

Financial Performance - Net income for Q2 2024 was $4.9 million, a decrease of 9.26% from $5.4 million in Q2 2023, resulting in diluted earnings per share of $0.86 compared to $0.94[3]. - For the six months ended June 30, 2024, net income was $10.0 million, a 19% decline from $12.4 million in the same period of 2023[4]. - Net income for the six months ended June 30, 2024, was $9,993, down 19.4% from $12,402 for the same period in 2023[32]. - Basic earnings per share for Q2 2024 was $0.86, a decrease of 2.3% compared to $0.88 in Q1 2024[36]. Income and Expenses - Net interest income for Q2 2024 was $15.1 million, down 2% from $15.5 million in Q2 2023, primarily due to a $3.4 million increase in interest expense[5]. - Total non-interest income for Q2 2024 was $4.6 million, a 2% increase from $4.5 million in Q2 2023, driven by higher fees from trust fiduciary activities[9]. - Non-interest expenses rose to $13.6 million in Q2 2024, a 1% increase from $13.4 million in Q2 2023, mainly due to higher salaries and benefits[10]. - Total interest income for the three months ended June 30, 2024, was $26,039, an increase of 9.1% from $22,979 for the same period in 2023[32]. - Interest expense for the three months ended June 30, 2024, was $10,922, an increase of 45.5% from $7,497 in the same period last year[32]. Assets and Liabilities - Total assets as of June 30, 2024, were $2.5 billion, a slight decrease of $2.5 million from December 31, 2023[18]. - Total assets as of June 30, 2024, were $2,500,645, a slight decrease from $2,503,159 at December 31, 2023[30]. - Total assets increased to $2,500,645 million as of June 30, 2024, up from $2,468,896 million in the previous quarter, representing a growth of 1.1%[34]. - Loans and leases increased to $1,728,509 as of June 30, 2024, compared to $1,686,555 at December 31, 2023, reflecting a growth of approximately 2.5%[30]. - Loans and leases reached $1,728,509 million, an increase of 1.8% from $1,697,299 million in the prior quarter[34]. - Total deposits increased to $2,169,130 as of June 30, 2024, from $2,158,425 at December 31, 2023, indicating a growth of approximately 0.5%[30]. - Total deposits decreased to $2,169,130 million, down 2.1% from $2,215,996 million in the previous quarter[34]. Equity and Capital - Shareholders' equity increased by $6.2 million, or 3%, to $195.7 million at June 30, 2024, from $189.5 million at December 31, 2023[19]. - Shareholders' equity increased to $195,692 as of June 30, 2024, from $189,479 at December 31, 2023[30]. - Total shareholders' equity increased to $195,692 thousand as of June 30, 2024, from $191,635 thousand in the previous quarter[39]. - The total risk-based capital ratio remained stable at 14.69% as of June 30, 2024, consistent with the previous quarter[37]. Credit Quality - The provision for credit losses on loans decreased by $0.5 million for the six months ended June 30, 2024, reflecting lower growth in the loan portfolio[14]. - Total non-performing assets were $6.9 million, or 0.28% of total assets, at June 30, 2024, compared to $3.3 million, or 0.13% at December 31, 2023[20]. - The allowance for credit losses on loans was $18,975 as of June 30, 2024, compared to $18,806 at December 31, 2023[30]. - The company reported a net benefit for credit losses on loans of $(275) for the three months ended June 30, 2024, compared to $(675) for the same period in 2023[32]. - Non-accrual loans to total loans ratio increased to 0.40% from 0.21% in the prior quarter, indicating a rise in non-performing loans[37]. Efficiency and Ratios - Return on average equity decreased to 10.44% in Q2 2024 from 10.71% in Q1 2024[36]. - Net interest margin (FTE) improved to 2.71% in Q2 2024, compared to 2.69% in Q1 2024[36]. - The efficiency ratio (FTE) improved to 66.47% in Q2 2024 from 67.56% in Q1 2024[36]. - Efficiency ratio (non-GAAP) for Q2 2024 was reported at 66.48%, a slight improvement from 67.56% in Q1 2024[39]. - Pre-Provision Net Revenue to Average Assets (non-GAAP) was 1.00% for Q2 2024, up from 0.96% in Q1 2024[39]. Other Financial Metrics - Cash and cash equivalents increased to $78,085 million, up from $72,733 million in the previous quarter, a rise of 7.4%[34]. - The cost of funds increased to 1.96% in Q2 2024 from 1.93% in Q1 2024[36]. - Assets under management increased to $906,861 thousand as of June 30, 2024, up from $900,964 thousand in the previous quarter[37]. - Book value per share rose to $34.12, compared to $33.41 in the prior quarter, reflecting a 2.12% increase[37]. - Tangible common equity ratio improved to 7.06%, up from 6.98% in the previous quarter[37]. - Net interest income adjusted to FTE for Q2 2024 was $15,868 thousand, an increase from $15,690 thousand in Q1 2024[39]. - Average assets for Q2 2024 were $2,456,828 thousand, compared to $2,451,168 thousand in Q1 2024[39].

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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________to______________________ Large accelerated filer ☐Non-accelerated filer ☒Accelerated filer ☐ Smaller reporting company ☒ Emerging growth ...

Financial Performance - Net income for Q1 2024 was $5.1 million, or $0.88 diluted earnings per share, down from $7.0 million, or $1.24 diluted earnings per share in Q1 2023, reflecting a $1.9 million decline primarily due to a $2.1 million decrease in net interest income[3] - Net income for the three months ended March 31, 2024, was $5,057 thousand, down from $7,040 thousand for the same period in 2023, a decrease of about 28.3%[26] - Basic earnings per share for the three months ended March 31, 2024, were $0.88, significantly up from $0.08 in the previous quarter[30] - Income before taxes (GAAP) surged to $5,751,000 in Q1 2024 from $107,000 in Q4 2023, a significant increase of 5,280.37%[33] Interest Income and Expenses - Net interest income decreased by 12% to $14.9 million in Q1 2024 from $17.0 million in Q1 2023, driven by a $5.4 million increase in interest expense[5] - Total interest income increased to $25,625 thousand for the three months ended March 31, 2024, compared to $22,338 thousand for the same period in 2023, reflecting an increase of approximately 15.5%[26] - Interest income (GAAP) for Q1 2024 was $25,625,000, an increase from $24,840,000 in Q4 2023, representing a growth of 3.15%[33] - Net interest income adjusted to FTE (non-GAAP) for Q1 2024 was $15,690,000, slightly down from $15,565,000 in Q4 2023, a decrease of 0.80%[33] Assets and Liabilities - Total assets decreased by $34 million to $2.5 billion as of March 31, 2024, with cash and cash equivalents declining by $39 million[12] - Total assets as of March 31, 2024, were $2,468,896, a decrease of 1.38% from $2,503,159 on December 31, 2023[28] - Total liabilities decreased from $2,313,680 thousand as of December 31, 2023, to $2,277,261 thousand as of March 31, 2024, a decline of approximately 1.6%[24] - Average assets for Q1 2024 were $2,451,168,000, an increase from $2,405,086,000 in Q4 2023, representing a growth of 1.92%[33] Shareholders' Equity - Shareholders' equity increased by $2.1 million, or 1%, to $191.6 million at March 31, 2024, driven by retained earnings from net income[13] - Shareholders' equity increased from $189,479 thousand as of December 31, 2023, to $191,635 thousand as of March 31, 2024, an increase of about 1.1%[24] - Book value per share increased to $33.41 as of March 31, 2024, from $33.22 at the end of December 2023[31] Non-Interest Income and Expenses - Total non-interest income increased by 2% to $4.6 million in Q1 2024 compared to $4.5 million in Q1 2023, primarily due to higher trust income[9] - Non-interest income for the three months ended March 31, 2024, was $4,572 thousand, slightly up from $4,489 thousand for the same period in 2023, indicating a growth of approximately 1.9%[26] - Non-interest expenses rose by 6% to $13.7 million in Q1 2024 from $12.9 million in Q1 2023, mainly due to higher salaries and insurance expenses[10] Asset Quality - Total non-performing assets were $3.8 million, or 0.15% of total assets, at March 31, 2024, compared to $3.3 million, or 0.13% at December 31, 2023[14] - The provision for credit losses on loans was $0.1 million, with a net benefit in the provision for credit losses on unfunded loan commitments of $50 thousand in Q1 2024[8] - Non-performing assets to total assets ratio was 0.15% as of March 31, 2024, compared to 0.13% in the previous quarter, indicating a slight increase in asset quality concerns[31] Capital Ratios - The Fidelity Deposit and Discount Bank maintained a Tier 1 capital ratio of 9.15% of total average assets as of March 31, 2024, remaining above well-capitalized limits[13] - The total risk-based capital ratio stood at 14.68% as of March 31, 2024, slightly up from 14.57% at the end of December 2023[31] - Tangible common equity ratio improved to 6.98% in Q1 2024 from 6.79% in Q4 2023, reflecting a stronger capital position[33] Operational Efficiency - The efficiency ratio (FTE) for the quarter was 67.56%, compared to 63.74% in the previous quarter, indicating a decline in operational efficiency[30] - Efficiency ratio (non-GAAP) increased to 67.56% in Q1 2024 from 63.74% in Q4 2023, indicating a decline in operational efficiency[33]

DUNMORE, Pa., April 24, 2024 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank, announced its unaudited, consolidated financial results for the three-month period ended March 31, 2024. Unaudited Financial Information Net income for the quarter ended March 31, 2024 was $5.1 million, or $0.88 diluted earnings per share, compared to $7.0 million, or $1.24 diluted earnings per share, for the quarter ended March 31, 2023.  The $1.9 m ...

DUNMORE, Pa., April 17, 2024 (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 $0.38 per share.   The dividend is payable June 10, 2024 to shareholders of record at the close of business on May 20, 2024. Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne, Northampton and Lehigh Counties through The Fidelity Deposit and Discount Bank's 2 ...

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, 2023 ☐ 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. Commonwealth of Pennsylvania I.R.S. Employer Identification No: ...

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 STATE OF INCORPORATION: IRS EMPLOYER IDENTIFICATION NO: Pennsylvania 23-3017653 Address of principal executive offices: Blakely & Drinker St. Dunmore, Pennsylvania 18512 TELEPHONE: 570-342-8281 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: | | | registered | | --- | --- | --- | | Title of each class Common ...

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 June 30, 2023 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 IDENTIFICATIO ...

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, 2023 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 ...