Fidelity D & D Bancorp ( (FDBC) ) has released its Q2 earnings. Here is a breakdown of the information Fidelity D & D Bancorp presented to its investors.
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Fidelity D & D Bancorp, Inc. is a financial institution operating primarily in the banking sector, offering a range of personal and commercial banking services through its subsidiary, The Fidelity Deposit and Discount Bank. The company is known for its strong community ties and comprehensive financial services, including wealth management and digital banking solutions.
In its latest earnings report for the second quarter of 2025, Fidelity D & D Bancorp reported a significant increase in net income, reaching $6.9 million, a 40% rise compared to the same period in 2024. This growth was driven by a substantial increase in net interest income and non-interest income, reflecting the company’s strategic focus on loan portfolio expansion and enhanced yields.
Key financial metrics highlighted in the report include a 19% increase in net interest income to $17.9 million and a 16% rise in non-interest income to $5.4 million for the quarter. The company’s net interest margin improved to 2.92%, supported by higher yielding taxable commercial loans. Additionally, the provision for credit losses on loans increased slightly, reflecting higher net charge-offs and a larger average loan balance.
For the first half of 2025, Fidelity D & D Bancorp achieved a net income of $12.9 million, marking a 29% increase from the previous year. The company’s asset quality remained robust, with non-performing assets reduced to 0.13% of total assets. Shareholders’ equity grew by 7%, bolstering the company’s capital position and providing a solid foundation for future growth.
Looking ahead, Fidelity D & D Bancorp remains committed to its strategic initiatives, focusing on relationship-based deposit strategies and prudent expense management. The company is well-positioned to continue its growth trajectory in the second half of 2025, supported by its strong capital base and dedication to serving its clients and communities.