Quarterly ResultMay 8, 2026, 04:14 PM
Fidelity D&D Bancorp Q1 Net Income +24.5% to $7.46M; EPS $1.29
AI Summary
Fidelity D&D Bancorp reported strong financial results for the first quarter of 2026, with net income increasing by 24.5% to $7.46 million and basic earnings per share rising to $1.29. The company also saw significant growth in its balance sheet, with total assets reaching $2.86 billion, total deposits growing to $2.58 billion, and net loans and leases increasing to $2.00 billion as of March 31, 2026. Net interest income improved by 13.9% year-over-year.
Key Highlights
- Net income for Q1 2026 increased 24.5% to $7.46 million from $5.99 million in Q1 2025.
- Basic earnings per share rose 24.0% to $1.29 in Q1 2026, up from $1.04 in Q1 2025.
- Total assets grew 4.05% to $2.86 billion as of March 31, 2026, from $2.75 billion at December 31, 2025.
- Total deposits increased 4.42% to $2.58 billion as of March 31, 2026, from $2.47 billion at December 31, 2025.
- Loans and leases, net, increased 5.87% to $2.00 billion as of March 31, 2026, from $1.89 billion at December 31, 2025.
- Net interest income for Q1 2026 increased 13.9% to $19.41 million from $17.03 million in Q1 2025.
- Dividends declared per share increased 7.5% to $0.43 in Q1 2026 from $0.40 in Q1 2025.
- Provision for credit losses on loans increased 92.3% to $875 thousand in Q1 2026 from $455 thousand in Q1 2025.