DUNMORE, Pa., Jan. 28, 2026 (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, 2025. Unaudited Financial Information Net income recorded for the year ended December 31, 2025 was $28.2 million, or $4.86 diluted earnings per share, compared to $20.8 million, or $3.60 diluted earnings per share, for the ...

Core Insights - Fidelity D & D Bancorp, Inc. reported strong financial results for the third quarter and year-to-date periods, with net income increasing significantly compared to the previous year [4][2][3]. Financial Performance - For the quarter ended September 30, 2025, net income was $7.3 million, or $1.27 per diluted share, a 48% increase from $5.0 million, or $0.86 per diluted share, in the same quarter of 2024 [2][4]. - Year-to-date net income for the nine months ended September 30, 2025, was $20.3 million, or $3.50 per diluted share, compared to $15.0 million, or $2.59 per diluted share, for the same period in 2024, marking a 35% increase [3][4]. Revenue Growth - The increase in net income for the third quarter was primarily driven by a $3.0 million increase in net interest income and a $0.5 million decrease in provision for credit losses [2][4]. - For the nine months ended September 30, 2025, net interest income rose by $7.9 million, attributed to a $9.8 million increase in interest income [3][11]. Interest Income and Expenses - Net interest income for the third quarter of 2025 was $18.4 million, a 19% increase from $15.4 million in the same quarter of 2024 [5][11]. - The overall cost of interest-bearing liabilities decreased to 2.55% for the third quarter of 2025, down from 2.70% in the same quarter of 2024 [6][12]. Asset Quality - Total non-performing assets decreased to $3.0 million, or 0.11% of total assets, as of September 30, 2025, compared to $7.8 million, or 0.30% of total assets, at December 31, 2024 [21]. - The provision for credit losses on loans was $200 thousand for the third quarter of 2025, down from $675 thousand in the same quarter of 2024, reflecting improved asset quality [7][13]. Balance Sheet Highlights - Total assets increased to $2.7 billion as of September 30, 2025, up by $152.1 million from December 31, 2024, driven by growth in loans and leases [18][20]. - Shareholders' equity rose to $229.3 million, a 12% increase from $204.0 million at December 31, 2024, supported by retained earnings from net income [20][18]. Non-Interest Income and Expenses - Total non-interest income for the third quarter of 2025 was $5.1 million, a slight increase of 3% from $5.0 million in the same quarter of 2024 [8][14]. - Non-interest expenses increased by $0.8 million, or 6%, to $14.6 million for the third quarter of 2025, primarily due to higher salaries and benefits [9][15].

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].

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 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]