Fidelity D & D Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 02:07 pm
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Fidelity D & D Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 14.64 million compared to USD 18.51 million a year ago. Net income was USD 5.34 million compared to USD 7.69 million a year ago. Basic earnings per share from continuing operations was USD 0.94 compared to USD 1.36 a year ago. Diluted earnings per share from continuing operations was USD 0.93 compared to USD 1.36 a year ago.
For the nine months, net interest income was USD 47.15 million compared to USD 53.95 million a year ago. Net income was USD 17.74 million compared to USD 22.88 million a year ago. Basic earnings per share from continuing operations was USD 3.13 compared to USD 4.05 a year ago. Diluted earnings per share from continuing operations was USD 3.11 compared to USD 4.03 a year ago.
Fidelity D & D Bancorp, Inc. is a bank holding company. The Fidelity Deposit and Discount Bank (the Bank) is the Companyâs state-chartered commercial bank. The Bank offers a full range of traditional banking services. The Bank has a personal and corporate trust department and also provides alternative financial and insurance products with asset management services. The Bank has investment securities classified into three categories: trading, available-for-sale or held-to-maturity (HTM). The Bank service area is comprised of the Borough of Dunmore and the surrounding communities within Lackawanna and Luzerne counties in Northeastern Pennsylvania and Northampton County in Eastern Pennsylvania. It provides health benefit to bankers, including medical, dental and vision insurances, life insurance, long- and short-term disability coverage and flexible spending accounts. The Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app.