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Fidelity D & D Bancorp Inc (FDBC) Reports Decline in Annual Net Income Amid Balance Sheet ... [Yahoo! Finance]

Fidelity D & D Bancorp, Inc. (FDBC) 
NASDAQ:AMEX Investor Relations: fidelity.com
Company Research Source: Yahoo! Finance
Net Interest Income : Fell by 14% to $62.1 million in 2023 due to rising interest expenses. Non-Interest Income : Dropped by 31% to $11.4 million, influenced by losses on the sale of securities. Non-Interest Expenses : Slightly increased by 1% to $51.9 million in 2023. Asset Quality : Non-performing assets represented 0.13% of total assets as of December 31, 2023. Balance Sheet : Total assets grew to $2.5 billion, with shareholders equity increasing by 16% to $189.5 million. Warning! GuruFocus has detected 3 Warning Signs with FDBC. On January 24, 2024, Fidelity D & D Bancorp Inc ( NASDAQ:FDBC ) released its 8-K filing , detailing the financial results for the year ended December 31, 2023. The bank holding company, which operates The Fidelity Deposit and Discount Bank and provides a full range of traditional banking services, faced a challenging year with a significant decline in net income and diluted earnings per share. This decline was primarily attributed to a decreas Show less Read more
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