Welcome to our dedicated page for Fidelity Dam news (Ticker: FDBC), a resource for investors and traders seeking the latest updates and insights on Fidelity Dam stock.
About Fidelity D & D Bancorp, Inc. (FDBC)
Fidelity D & D Bancorp, Inc. (FDBC) is a bank holding company headquartered in northeastern Pennsylvania. Through its wholly-owned subsidiary, The Fidelity Deposit and Discount Bank, the company provides a comprehensive range of traditional banking services, wealth management solutions, and alternative financial products. With a history spanning over 110 years, Fidelity Bank has established itself as a trusted financial partner for individuals, families, and businesses in its primary markets of Lackawanna, Luzerne, Northampton, and Lehigh Counties.
Business Model and Revenue Streams
Fidelity D & D Bancorp generates revenue primarily through interest income from loans and leases, fees from deposit accounts, and trust and investment management services. Its diversified portfolio includes personal and business banking products such as demand deposits, money market accounts, savings accounts, and certificates of deposit. Additionally, the company offers a variety of loan products tailored to retail and commercial customers, including mortgages, commercial loans, and lines of credit. Fidelity Bank’s trust and investment division provides asset management and financial planning services, further diversifying its income streams.
Market Presence and Competitive Landscape
Operating 21 full-service branches and a dedicated wealth management office, Fidelity Bank serves as a regional banking leader in northeastern Pennsylvania. The company’s primary market areas include Lackawanna, Luzerne, Northampton, and Lehigh Counties, where it competes with both community banks and larger national financial institutions. Fidelity Bank differentiates itself through its customer-centric approach, emphasizing personalized financial advisory services and a strong commitment to community engagement. This is exemplified by its status as an SBA Preferred Lender and its active role in supporting local non-profit organizations.
Product and Service Offerings
Fidelity Bank offers a robust suite of financial products and services designed to meet the diverse needs of its customers. These include:
- Personal Banking: Checking and savings accounts, money market accounts, and mortgage loans.
- Business Banking: Commercial loans, lines of credit, cash management services, and merchant services.
- Wealth Management: Trust and estate planning, investment management, and financial advisory services.
- Digital Banking: Online and mobile banking platforms providing 24/7 account access and transaction capabilities.
The company also offers alternative financial products and insurance solutions, catering to a wide range of financial planning needs.
Commitment to Community and Customer Experience
Fidelity Bank’s mission is rooted in exceeding customer expectations through personalized service and innovative solutions. Its team of dedicated bankers acts as trusted financial advisors, helping clients navigate complex financial decisions. The company’s community-oriented philosophy is reflected in its extensive volunteer efforts and financial contributions to local non-profits. This commitment to social responsibility strengthens its reputation as a reliable and ethical financial institution.
Operational Strengths and Challenges
Fidelity D & D Bancorp’s operational strengths include its diversified revenue streams, strong regional presence, and focus on customer relationships. However, like many financial institutions, it faces challenges such as interest rate volatility, regulatory compliance, and competition from both traditional banks and fintech companies. Despite these challenges, the company’s prudent balance sheet management and strategic investments in technology position it well to adapt to changing market conditions.
Regulatory Compliance and Financial Stability
As a member of the Federal Deposit Insurance Corporation (FDIC) and an Equal Housing Lender, Fidelity Bank adheres to stringent regulatory standards. The company maintains a strong capital position, with Tier 1 capital ratios exceeding regulatory requirements. Its focus on asset quality and risk management ensures financial stability, providing confidence to its customers and shareholders alike.
Conclusion
Fidelity D & D Bancorp, Inc. stands out as a resilient and customer-focused financial institution with a long-standing history of serving its community. Its diversified product offerings, commitment to personalized service, and strong regional presence make it a key player in northeastern Pennsylvania’s banking landscape. By balancing traditional banking values with modern financial solutions, Fidelity Bank continues to deliver value to its customers, employees, and shareholders.
Fidelity D & D Bancorp (NASDAQ: FDBC) reported its 2024 financial results with net income of $20.8 million, or $3.60 diluted earnings per share, a 14% increase from $18.2 million in 2023. The improvement was primarily driven by a $7.6 million increase in non-interest income.
Fourth quarter 2024 net income was $5.8 million ($1.01 per share), up significantly from $0.5 million in Q4 2023. Net interest income reached $16.4 million in Q4 2024, compared to $14.9 million in Q4 2023. Total assets grew to $2.6 billion, with loan portfolio growth of $114.3 million during 2024.
The company maintained strong capital ratios with Tier 1 capital at 9.22% of total average assets. Asset quality metrics showed non-performing assets at 0.30% of total assets, while the ratio of insured and collateralized deposits to total deposits was approximately 76%.
Fidelity D & D Bancorp (NASDAQ: FDBC) has announced its first quarter 2025 dividend of $0.40 per share, representing a 5% increase from the previous year's first quarter dividend of $0.38 per share. The dividend will be paid on March 10, 2025, to shareholders of record as of February 14, 2025.
The company operates through The Fidelity Deposit and Discount Bank with 21 full-service community banking offices serving Lackawanna, Luzerne, Northampton and Lehigh Counties, plus a Wealth Management Office in Schuylkill County. The bank offers digital services and account opening through Online Banking and the Fidelity Mobile Banking app.
Fidelity D & D Bancorp (NASDAQ: FDBC) has announced a 5% increase in its fourth quarter dividend to $0.40 per share, up from the previous $0.38 per share. This marks the company's tenth consecutive year of dividend increases, with the dividend more than doubling over this period. The dividend will be payable on December 10, 2024, to shareholders of record as of November 15, 2024. The bank operates 21 full-service community banking offices across Lackawanna, Luzerne, and Northampton Counties, plus a wealth management office in Schuylkill County.
Fidelity D & D Bancorp (NASDAQ: FDBC) reported Q3 2024 net income of $5.0 million ($0.86 per diluted share), down from $5.3 million ($0.93 per share) in Q3 2023. Net interest income increased 5% to $15.4 million, while non-interest income grew 15% to $5.0 million. The company experienced strong balance sheet growth with total assets reaching $2.6 billion, showing increases in loans and deposits. However, non-interest expenses rose by $1.0 million to $13.8 million, primarily due to higher salaries and benefits. The bank maintains strong capital levels with a total risk-based capital ratio of 14.56% and tangible book value per share of $32.55.
Fidelity D & D Bancorp (NASDAQ: FDBC) reported its Q2 2024 financial results. Net income for the quarter was $4.9 million, or $0.86 diluted earnings per share, down from $5.4 million, or $0.94 per share, in Q2 2023. The decline was primarily due to a $0.4 million decrease in net interest income. For the first half of 2024, net income was $10.0 million, or $1.73 per share, compared to $12.4 million, or $2.18 per share, in H1 2023.
The company's total assets stood at $2.5 billion as of June 30, 2024. The loan portfolio grew by $42 million in H1 2024, while deposits increased by $10.7 million. Asset quality metrics showed slight deterioration, with non-performing assets at 0.28% of total assets, up from 0.13% at the end of 2023.
Fidelity D & D Bancorp (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, has declared its third quarter dividend of $0.38 per share. The dividend will be payable on September 10, 2024, to shareholders of record as of August 20, 2024. Fidelity D & D Bancorp serves Lackawanna, Luzerne, and Northampton Counties through 21 full-service community banking offices, with an additional wealth management office in Schuylkill County. The bank offers digital and virtual services, including online banking and mobile app capabilities.
FAQ
What is the current stock price of Fidelity Dam (FDBC)?
What is the market cap of Fidelity Dam (FDBC)?
What is Fidelity D & D Bancorp, Inc. (FDBC)?
What types of services does Fidelity Bank provide?
Where does Fidelity Bank operate?
How does Fidelity Bank differentiate itself from competitors?
What are Fidelity Bank’s primary revenue streams?
Is Fidelity Bank a member of the FDIC?
What types of loans does Fidelity Bank offer?
Does Fidelity Bank offer digital banking services?
What is Fidelity Bank’s commitment to the community?
What regulatory standards does Fidelity Bank adhere to?
