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Stock impact report

Fidelity D & D Bancorp, Inc. Reports Second Quarter 2019 Financial Results

Fidelity D & D Bancorp, Inc. (FDBC) 
NASDAQ:AMEX Investor Relations: fidelity.com
Company Research Source: GlobeNewswire
DUNMORE, Pa., July 24, 2019 (GLOBE NEWSWIRE) -- Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary Fidelity Deposit and Discount Bank, announced net income for the quarter ended June 30, 2019 of $3.0 million, or $0.79 diluted earnings per share, compared to $2.8 million, or $0.73 diluted earnings per share, for the quarter ended June 30, 2018.  The $0.2 million, or 8%, growth in net income resulted primarily from $0.3 million higher net interest income combined with a $0.1 million increase in non-interest income and $0.2 million lower provision for loan losses, partially offset by a $0.3 million increase in operating expenses.  The Company experienced a $58.1 million, or 7%, increase in average interest-earning assets funded by a $33.0 million increase in average deposits, $20.2 million more in average borrowings and a $10.9 million increase in average shareholders’ equity for the second quarter of 2019 compared to the same 2018 period.  Return on average assets Show less Read more
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