Core Insights - Fidelity D & D Bancorp, Inc. has appointed James Clemente and Rocco A. DelVecchio to its Board of Directors, enhancing its leadership team with experienced professionals [2][5]. Group 1: Appointments - James Clemente has been appointed as a director of the Corporation until the 2028 annual meeting of shareholders, while Rocco DelVecchio will serve until the 2026 annual meeting [2]. - Clemente brings over 45 years of experience in accounting and consulting, specializing in taxation and business acquisitions [3]. - DelVecchio has extensive leadership experience in financial services, having previously served as a consultant for Fidelity Bank and held senior roles at another bank [4]. Group 2: Leadership Statements - Brian J. Cali, Chairman of the Board, emphasized Clemente's expertise in accounting and community involvement as vital for guiding Fidelity Bank's strategic direction [5]. - Daniel J. Santaniello, President & CEO, expressed confidence that the new directors' expertise will contribute to building long-term value for clients and communities [5]. Group 3: Company Overview - Fidelity Bank operates 21 full-service offices across several counties and offers a digital banking experience [6]. - The bank has a strong commitment to community service, having provided over 5,960 hours of volunteer time and over $1.5 million in donations to non-profits in 2024 [6].

Core Insights - Fidelity Bank has appointed James Clemente and Rocco DelVecchio to its Board of Directors, enhancing its leadership team with experienced professionals in accounting and financial services [1][2]. Group 1: Appointments - James Clemente has been elected as a director of Fidelity D & D Bancorp, Inc. until the 2028 annual meeting of shareholders, while Rocco DelVecchio will serve until the 2026 annual meeting [2]. - Clemente brings over 45 years of experience in accounting and consulting, specializing in taxation and business acquisitions, and has previously served as a director for another local community bank [3]. - DelVecchio has extensive leadership experience in financial services, having held senior roles at another bank and most recently served as a consultant for Fidelity Bank [4]. Group 2: Leadership Statements - Brian J. Cali, Chairman of the Board, emphasized Clemente's expertise in accounting and community involvement as vital for guiding Fidelity Bank's strategic direction [5]. - Cali also highlighted DelVecchio's leadership and banking experience as significant assets for the Board, reflecting the values of Fidelity Bank [5]. - Daniel J. Santaniello, President & CEO, expressed confidence that the new directors' expertise will contribute to building long-term value for clients and communities [5]. Group 3: Company Overview - Fidelity Bank operates 21 full-service offices across several counties and offers a digital banking experience [6]. - The bank has a commitment to community service, having provided over 5,960 hours of volunteer time and over $1.5 million in donations to non-profit organizations in 2024 [6].

Core Insights - Fidelity Bank has appointed Charles Hangen as Senior Vice President and Chief Risk Officer, emphasizing the importance of risk management in the current financial landscape [1][2][3] Company Overview - Fidelity Bank operates 21 full-service offices across Lackawanna, Luzerne, Lehigh, and Northampton Counties, along with a limited production commercial office and a Wealth Management Office [5] - The bank aims to exceed client expectations through a unique banking experience and has contributed over 5,960 hours of volunteer time and over $1.5 million in donations to non-profit organizations in 2024 [5] Leadership and Expertise - Charles Hangen brings extensive expertise in risk management and strategic leadership, with a strong background in regulatory frameworks [2][3] - Hangen's role will focus on enhancing the enterprise risk management framework and adapting policies to meet evolving financial challenges [2][3] Community Engagement - Hangen is actively involved in his community, serving as an assistant coach for local sports teams, reflecting the bank's commitment to community service [4]

Core Insights - Fidelity D & D Bancorp, Inc. reported strong financial results for the second quarter and first half of 2025, with net income increasing by 40% year-over-year for the quarter and 29% for the year-to-date period [2][3][4]. Financial Performance - For the quarter ended June 30, 2025, net income was $6.9 million, or $1.20 diluted earnings per share, compared to $4.9 million, or $0.86 diluted earnings per share, for the same quarter in 2024, marking a $2.0 million increase [2][4]. - Year-to-date net income for the six months ended June 30, 2025, was $12.9 million, or $2.23 diluted earnings per share, up from $10.0 million, or $1.73 diluted earnings per share, for the same period in 2024, reflecting a $2.9 million increase [3][5]. Revenue Breakdown - The increase in net income for the second quarter was primarily driven by a $2.8 million increase in net interest income and a $0.8 million increase in non-interest income [2][4]. - For the six months ended June 30, 2025, net interest income rose by $4.9 million, attributed to a $6.4 million increase in interest income, driven by a $181.0 million increase in the average balance of interest-earning assets [13][14]. Expense Management - Non-interest expenses increased by $1.1 million, or 8%, for the second quarter of 2025, primarily due to higher salaries and benefits [11][17]. - Year-to-date non-interest expenses rose to $29.3 million, an increase of $2.0 million, or 7%, compared to the same period in 2024 [17]. Asset Quality - Total non-performing assets decreased to $3.5 million, or 0.13% of total assets, at June 30, 2025, down from $7.8 million, or 0.30% of total assets, at December 31, 2024 [22]. - The provision for credit losses on loans was $755 thousand for the six months ended June 30, 2025, compared to $400 thousand for the same period in 2024 [15]. Balance Sheet Highlights - As of June 30, 2025, total assets were $2.7 billion, an increase of $114.0 million from December 31, 2024, driven by growth in cash and cash equivalents and the loans and leases portfolio [19][21]. - Shareholders' equity increased by $13.9 million, or 7%, to $217.9 million at June 30, 2025, from $204.0 million at December 31, 2024 [21]. Capital Position - The company remains well-capitalized, with Tier 1 capital at 9.16% of total average assets and total risk-based capital at 14.72% of risk-weighted assets as of June 30, 2025 [21].

Core Points - Fidelity D & D Bancorp, Inc. has declared a third quarter dividend of $0.40 per share, payable on September 10, 2025, to shareholders of record as of August 15, 2025 [1] Company Overview - Fidelity D & D Bancorp, Inc. operates through The Fidelity Deposit and Discount Bank, serving 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] Investor Relations - Additional information can be found on the company's investor relations website at www.bankatfidelity.com [3]

Group 1 - The Board of Directors of Fidelity D & D Bancorp, Inc. declared a second quarter dividend of $0.40 per share, payable on June 10, 2025, to shareholders of record as of May 20, 2025 [1] - Fidelity D & D Bancorp, Inc. operates 21 full-service community banking offices across Lackawanna, Luzerne, Northampton, and Lehigh Counties, and offers digital banking services through its Online Banking and Fidelity Mobile Banking app [2] - The company provides wealth management services through its Fidelity Bank Wealth Management Minersville Office located in Schuylkill County [2] Group 2 - For further information, Fidelity D & D Bancorp, Inc. directs interested parties to visit their investor relations website at www.bankatfidelity.com [3]