Dividend Announcement - Fidelity D & D Bancorp, Inc. declared a first quarter dividend of $0.40 per share for 2025, representing a 5% increase from the previous year's first quarter dividend of $0.38 per share [1] - The dividend is scheduled to be payable on March 10, 2025, to shareholders of record as of February 14, 2025 [1] Company Overview - Fidelity D & D Bancorp, Inc. operates through The Fidelity Deposit and Discount Bank, which serves Lackawanna, Luzerne, Northampton, and Lehigh Counties with 21 full-service community banking offices [2] - The company also offers a digital banking experience through its Online Banking and Fidelity Mobile Banking app [2]

Financial Performance - For the nine months ended September 30, 2024, net income was $15.0 million, or $2.59 diluted earnings per share, compared to $17.7 million, or $3.11 diluted earnings per share for the same period in 2023, representing a decrease of 15.3% in net income and 16.7% in earnings per share [173]. - Net income for Q3 2024 was $5.0 million, or $0.86 diluted earnings per share, down from $5.3 million, or $0.93 diluted earnings per share in Q3 2023, reflecting a 5.7% decline [186]. - For the nine months ended September 30, 2024, net income was $15.0 million, or $2.59 diluted earnings per share, compared to $17.7 million, or $3.11 diluted earnings per share for the same period in 2023, a decrease of 15% [186]. - Total non-interest income for the third quarter of 2024 increased by $0.7 million, or 15%, to $5.0 million, primarily due to higher service charges and fees from trust fiduciary activities [213]. - Total non-interest income for the nine months ended September 30, 2024 was $14.2 million, an increase of $0.8 million, or 7%, from the same period in 2023 [214]. Asset Growth - Total assets as of September 30, 2024, were $2.615 billion, an increase from $2.477 billion as of September 30, 2023, representing a growth of 5.6% [181]. - The Company reported a total interest expense of $33,472 thousand for the nine months ended September 30, 2024, up from $21,849 thousand in the same period of 2023 [204]. - The Company’s total assets increased to $2.6 billion as of September 30, 2024, up by $0.1 billion from December 31, 2023, primarily due to a $107.9 million growth in the loans and leases portfolio [219]. - Total assets increased to $2,469,627 thousand as of September 30, 2024, compared to $2,405,100 thousand in the previous year [204]. - The carrying value of investment securities amounted to $559.8 million, or 21% of total assets, as of September 30, 2024, down from $568.3 million, or 23% of total assets, as of December 31, 2023 [224]. Loan Portfolio - Total loans and leases reached $1,763,254 thousand in September 2024, an increase from $1,640,411 thousand in September 2023, marking a growth of 7.48% [200]. - The commercial portfolio increased by $113 million, or 13%, to $1.0 billion compared to the December 31, 2023 balance of $0.9 billion [245]. - For the nine months ended September 30, 2024, commercial and industrial loans increased $16.0 million, or 10%, from $152.6 million at December 31, 2023 to $168.6 million [247]. - Municipal loans increased $18.6 million, or 20%, from $94.7 million on December 31, 2023, to $113.3 million at September 30, 2024 [249]. - The total loans, including loans held-for-sale, amounted to $1,795,548 thousand as of September 30, 2024, an increase from $1,686,555 thousand at December 31, 2023 [283]. Interest Income and Margin - Interest income adjusted to fully-taxable equivalent (non-GAAP) for the nine months ended September 30, 2024, was $81.235 million, up from $71.181 million for the same period in 2023, marking a growth of 14.2% [178]. - Net interest income for Q3 2024 increased by 5% to $15.4 million from $14.6 million in Q3 2023, driven by a $3.6 million increase in interest income [189]. - The net interest margin improved to 2.70% in September 2024, compared to 2.63% in September 2023 [202]. - The overall cost of interest-bearing liabilities was 2.70% for Q3 2024, up 53 basis points from 2.17% in Q3 2023 [191]. - The FTE yield on interest-earning assets was 4.68% for Q3 2024, an increase of 50 basis points from 4.18% in Q3 2023 [191]. Efficiency and Expenses - The efficiency ratio (non-GAAP) for the nine months ended September 30, 2024, was 66.44%, compared to 62.33% for the same period in 2023, indicating a decline in operational efficiency [180]. - Non-interest expenses for the third quarter of 2024 rose by $1.0 million, or 8%, to $13.8 million, mainly due to increased salaries and benefits expenses [215]. - Non-interest expenses for the nine months ended September 30, 2024 increased to $41.1 million, up by $2.0 million, or 5%, compared to the same period in 2023 [216]. Credit Quality - The provision for credit losses is adjusted based on management's estimates of expected credit losses in the loan portfolio, reflecting ongoing analysis and review by the Special Assets Committee [207]. - Non-performing assets increased to $7,584 thousand as of September 30, 2024, representing 0.29% of total assets, compared to 0.13% at December 31, 2023 [284]. - The allowance for credit losses increased by $0.8 million, or 4%, to $19.6 million from $18.8 million on December 31, 2023 [269]. - The net charge-offs for the nine months ended September 30, 2024, were $0.3 million, reflecting a decrease from previous periods [269]. - Loans past due 90 days or more accruing totaled $66 thousand as of September 30, 2024, compared to $14 thousand at December 31, 2023 [286]. Capital and Liquidity - The company's risk-based capital ratio was 14.56% as of September 30, 2024, exceeding the 10% guideline [326]. - The Company had approximately $704.4 million available borrowing capacity from the FHLB, representing 64% of total assets [337]. - The dividend payout ratio was 44.2% for the nine months ended September 30, 2024 [338]. - As of September 30, 2024, total uninsured deposits were estimated to be $926.8 million, or 40% of total deposits [303]. - The Company incurred $5.7 million in costs for the corporate headquarters building, with remaining costs estimated to range from $19 million to $22 million [293]. Market and Economic Conditions - The local unemployment rates as of September 30, 2024, were 3.4% in the northern market area and 3.1% in the southern market area, both showing a decrease from 3.5% and 3.2% respectively at December 31, 2023 [172]. - The median home values in the Scranton-Wilkes-Barre-Hazleton metro and Allentown-Bethlehem-Easton metro increased by 7.0% and 5.8% year-over-year, respectively, with expected growth of 1.0% and 2.0% in the next year [172]. - The company expects to operate in a moderately declining interest rate environment through the end of 2024 and into fiscal year 2025 [194]. - The company expects the trend of cash usage due to inflation and competitive interest rates to continue throughout the remainder of 2024 [300]. - The company maintains strict underwriting principles to mitigate the impact of economic conditions on its loan portfolio [261].

Financial Performance - Net income for Q3 2024 was $5.0 million, or $0.86 diluted earnings per share, a decrease from $5.3 million, or $0.93 per share in Q3 2023 [2]. - For the nine months ended September 30, 2024, net income was $15.0 million, or $2.59 diluted earnings per share, down 15% from $17.7 million, or $3.11 per share in the same period of 2023 [3]. - Net income for the three months ended September 30, 2024, was $4,967 thousand, compared to $5,340 thousand for the same period in 2023, a decrease of 7% [26]. - Basic earnings per share for the quarter were $0.87, slightly up from $0.86 in the previous quarter [31]. - Income before taxes (GAAP) was $5,760,000, compared to $5,701,000 in the previous quarter, showing a slight increase of 1.0% [35]. Income and Revenue - Net interest income for Q3 2024 increased by 5% to $15.4 million from $14.6 million in Q3 2023, driven by a $3.6 million increase in interest income [4]. - Total non-interest income for Q3 2024 increased by 15% to $5.0 million compared to $4.3 million in Q3 2023 [7]. - Total interest income for the three months ended September 30, 2024, was $27,299 thousand, compared to $23,678 thousand for the same period in 2023, reflecting a year-over-year increase of 15.5% [26]. - Net interest income for the nine months ended September 30, 2024, was $45,491 thousand, slightly down from $47,146 thousand in the same period of 2023, a decrease of 3.5% [26]. - Non-interest income for the three months ended September 30, 2024, was $4,979 thousand, up from $4,325 thousand in the same period of 2023, an increase of 15.1% [26]. Assets and Liabilities - Total assets reached $2.6 billion as of September 30, 2024, an increase of $0.1 billion from $2.5 billion at the end of 2023 [14]. - Total assets increased to $2,615,933 thousand as of September 30, 2024, compared to $2,503,159 thousand at December 31, 2023, representing a growth of 4.5% [23]. - Loans and leases rose to $1,795,548 thousand, up from $1,686,555 thousand, indicating an increase of 6.5% [23]. - Total deposits increased to $2,342,506 thousand as of September 30, 2024, from $2,158,425 thousand, marking an increase of 8.5% [24]. - The company experienced a $184.1 million increase in deposits, which was utilized to pay down $92.0 million in short-term borrowings [14]. Equity and Capital - Shareholders' equity increased by $17.8 million, or 9%, to $207.3 million at September 30, 2024, from $189.5 million at December 31, 2023 [15]. - The allowance for credit losses on loans was $19,630 thousand as of September 30, 2024, compared to $18,806 thousand at December 31, 2023, an increase of 4.4% [23]. - Total risk-based capital ratio stood at 14.56%, slightly down from 14.69% in the previous quarter, indicating stable capital adequacy [33]. - Book value per share rose to $36.13, compared to $34.12 in the prior quarter, reflecting an increase of 5.9% [33]. - Tangible common equity ratio improved to 7.19%, up from 7.06% in the previous quarter, indicating a stronger capital position [33]. Cost Management - The overall cost of interest-bearing liabilities rose to 2.70% in Q3 2024, up 53 basis points from 2.17% in Q3 2023 [5]. - Interest expense for deposits rose to $11,297 thousand for the three months ended September 30, 2024, compared to $8,488 thousand in the same period of 2023, an increase of 33.3% [26]. - Efficiency ratio improved to 65.33% from 66.47% in the previous quarter, indicating better cost management [31]. - Efficiency ratio (non-GAAP) improved to 65.33%, down from 66.48% in the previous quarter, indicating better cost management [34]. - Pre-provision net revenue to average assets increased to 1.05%, up from 1.00% in the previous quarter, reflecting improved profitability [34]. Future Outlook - The company anticipates potential impacts from economic conditions, inflation, and interest rate volatility on future performance [20].

Financial Performance - For the six months ended June 30, 2024, net income was $10.0 million, or $1.73 diluted earnings per share, compared to $12.4 million, or $2.18 diluted earnings per share for the same period in 2023[144]. - For Q2 2024, the company reported net income of $4.9 million, or $0.86 per diluted share, down from $5.4 million, or $0.94 per diluted share in Q2 2023, reflecting a $0.5 million decline primarily due to a decrease in net interest income[155]. - Non-interest income for the six months ended June 30, 2024, was $9.2 million, an increase of $0.2 million, or 2%, from $9.0 million for the same period in 2023, primarily due to higher trust fiduciary fees[181]. - Total shareholders' equity increased by $6.2 million, or 3%, during the six months ended June 30, 2024, primarily due to $10.0 million in net income added to retained earnings[283]. - The Company's dividend payout ratio for the six months ended June 30, 2024, was 44.1%[283]. Asset and Liability Management - The total assets as of June 30, 2024, were $2,500.645 million, compared to $2,441.232 million as of June 30, 2023[150]. - Total liabilities increased to $2,263,966 thousand, with interest-bearing liabilities accounting for $1,707,430 thousand and a cost of funds at 1.95%[172]. - The Company maintained a one-year cumulative gap of negative $185.6 million, or -7% of total assets, indicating a liability-sensitive position[265]. - The total assets amounted to $2,500.645 million, with interest-sensitive assets totaling $1,190.822 million[267]. - The Company’s interest sensitivity gap was reported at negative $354.587 million, reflecting a mismatch that may expose the Company to interest rate risk during rising rate periods[267]. Interest Income and Expenses - Interest income adjusted to fully-taxable equivalent (FTE) for the six months ended June 30, 2024, was $53.162 million, up from $46.802 million for the same period in 2023[147]. - Net interest income for Q2 2024 was $15.1 million, a 2% decrease from $15.5 million in Q2 2023, driven by a $3.4 million increase in interest expense[158]. - The overall cost of interest-bearing liabilities increased to 2.58% for Q2 2024, up 74 basis points from 1.84% in Q2 2023[160]. - The net interest margin for the six months ended June 30, 2024, was 2.70%, down from 2.97% in the same period of 2023[172]. - The net interest spread for the six months ended June 30, 2024, was 2.01%, down from 2.50% in the same period of 2023[172]. Credit Quality and Losses - The provision for credit losses on loans was $0.3 million for the three months ended June 30, 2024, a decrease of $0.4 million compared to the same period in 2023 due to lower growth in the loan portfolio[177]. - The total allowance for credit losses as of June 30, 2024, was $18,975 thousand, with commercial real estate comprising 47% of the total allowance[232]. - Non-performing assets represented 0.28% of total assets as of June 30, 2024, compared to 0.13% at December 31, 2023, reflecting a 109% increase in non-performing assets[239]. - Net charge-offs for the six months ended June 30, 2024, were $231 thousand, compared to $578 thousand for the same period in 2023[225]. - Loans 30-89 days past due and accruing decreased to $2.166 million as of June 30, 2024, from $4.487 million on December 31, 2023[225]. Market and Economic Conditions - The unemployment rate in the Scranton - Wilkes-Barre – Hazleton area was 4.3% as of June 30, 2024, an increase of 0.8 percentage points from December 31, 2023[143]. - The median home values in the Scranton-Wilkes-Barre-Hazleton metro increased by 8.0% year-over-year, with expectations of a further increase of 1.1% in the next year[143]. - The Federal Open Market Committee (FOMC) increased interest rates by 425 basis points in 2022 and an additional 100 basis points in 2023, with no changes since then[143]. - The company expects to operate in a modestly declining interest rate environment for the remainder of 2024, with potential acceleration in 2025[163]. - The company plans to manage net interest income through disciplined loan pricing and managing deposit costs to maintain a reasonable spread[163]. Strategic Initiatives - The Company continues to focus on diversifying earning assets and increasing core deposits through enhanced commercial lending strategies[141]. - The Company is evaluating balance sheet hedging opportunities to mitigate interest rate risks on net interest income[273]. - Fidelity D & D Bancorp plans to expand its market presence by opening two new branches in underserved areas by the end of 2024[302]. - The company is investing in new technology to enhance its digital banking services, with a budget allocation of $500,000 for the upcoming year[302]. - The company is focused on strategic market expansions and potential acquisitions as part of its growth strategy[293].

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: ...