Core Viewpoint - Fidelity D & D Bancorp, Inc. announces the retirement of Director Richard Hotchkiss effective September 16, 2025, highlighting his significant contributions to the company during his tenure [1][5]. Company Overview - Fidelity D & D Bancorp, Inc. is the parent company of The Fidelity Deposit and Discount Bank, a community bank headquartered in Dunmore, PA, and operates 21 full-service offices across several counties [1][6]. - The bank offers a range of services including personal and commercial banking products, wealth management, and digital banking options [6]. Director's Background - Richard Hotchkiss joined the Fidelity Bank Board of Directors on May 5, 2020, following a merger and has held various leadership roles, including Chair of the Credit Administration Committee [2][3]. - Prior to his role at Fidelity Bank, he had a long career in administration and internal affairs at MNB Corporation and Merchants Bank of Bangor, where he was elected Chairman of the Board in 1997 [3]. Leadership Acknowledgment - The President & CEO of Fidelity Bank, Daniel J. Santaniello, expressed gratitude for Hotchkiss's leadership and the lasting impact he made on the organization [5]. - The Chairman of the Board, Brian J. Cali, acknowledged Hotchkiss's commitment to shaping the bank's governance and organizational structure [5]. Community Engagement - Fidelity Bank emphasizes its commitment to the community, having provided over 5,960 hours of volunteer time and over $1.3 million in donations to non-profit organizations in 2024 [6].

DUNMORE, Pa., July 23, 2025 (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 and six-month periods ended June 30, 2025. Unaudited Financial Information Net income for the quarter ended June 30, 2025 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 quarter ended June 30, 2024. The $ ...

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]