Fidelity D&D Bancorp Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 30, 2019 at 01:30 pm
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Fidelity D&D Bancorp Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 7.964 million compared to USD 7.050 million a year ago. Net income was USD 2.847 million compared to USD 2.327 million a year ago. Basic earnings per share was USD 0.76 compared to USD 0.63 a year ago. Diluted earnings per share was USD 0.75 compared to USD 0.61 a year ago. For the full year, net interest income was USD 30.457 million compared to USD 27.841 million a year ago. Net income was USD 11.006 million compared to USD 8.716 million a year ago. Basic earnings per share was USD 2.93 compared to USD 2.35 a year ago. Diluted earnings per share was USD 2.9 compared to USD 2.33 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.
FIDELITY D & D BANCORP, INC. 
