NASDAQ$FDBC

Fidelity D & D Bancorp Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Fidelity D & D Bancorp reported positive first quarter results, demonstrating strength and stability amidst market disruption.

Fidelity D & D Bancorp, Inc. reported a net income of $7.0 million, or $1.24 diluted earnings per share, for the quarter ended March 31, 2023. Despite market disruption in March, the bank increased its capital position, grew loans, and maintained strong credit quality.

  • Net income for the quarter was $7.0 million, or $1.24 diluted earnings per share.
  • Net interest income decreased by 2% to $17.0 million compared to the first quarter of 2022.
  • Total assets grew to $2.4 billion as of March 31, 2023, an increase of $65 million from December 31, 2022.
  • The Company remains well capitalized with Tier 1 capital at 8.92% of total average assets as of March 31, 2023.

Headline financials

Total Revenue

$21.5M

Previous: $21.8M-1.5%
EPS (adj)

$1.24

Previous: $1.32-6.1%
Net Interest Margin

3.1%

No prior period
Tangible Common Equity

6.4%

No prior period
Non-performing Assets/Assets

0.1%

Previous: 0.2%-17.6%
Capital Expenditures

-$718K

Previous: -$3.24M+77.9%
Free Cash Flow

$6.32M

Previous: $4.28M+47.7%
Net Income

$7.04M

Previous: $7.52M-6.4%
Operating Income

$13M

Previous: $18M-27.8%
Gross Profit

$21.3M

Previous: $21.8M-2.3%
Cash & Equivalents

$63M

Previous: $97.4M-35.3%
Total Assets

$2.44B

Previous: $2.42B+0.9%
Stock-Based Comp

$445K

Previous: $306K+45.4%

Revenue & EPS history

Fidelity D & D Bancorp · Revenue · Quarterly

$21.5M

Q1 2023-1.5%vs Q1 2022

Forward guidance

This press release contains forward-looking statements that are subject to risks and uncertainties, and actual results may differ materially from those anticipated.

Headwinds

  • Technological changes
  • Acquisitions and integration of acquired businesses
  • Acts of war or terrorism
  • Disruption of credit and equity markets
  • The risk that our analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.5%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.5%

Avg return

30 days after

39%

26 / 66 earnings

Positive

+15.2%

Q3 2011

Best reaction

-10.6%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%+0.6%-0.5%
Q4 2025-1.9%+6.5%+0.4%
Q3 2025+2.2%+2.4%+2.6%
Q2 2025-0.8%-1.6%+8.5%
Q1 2025+2.9%-0.4%-1.8%
Q4 2024+1.5%+2.7%+2.1%
Q3 2024+2.5%+4.5%+6.9%
Q2 2024-0.6%-4.8%-10.2%
Q1 2024-3.6%-2.9%-2.9%
Q4 2023+3.0%+8.7%-1.8%
Q3 2023-0.4%+0.2%+15.7%
Q2 2023-1.3%+0.7%-8.3%
Q1 2023-0.7%-4.1%-11.0%
Q4 2022-0.6%-0.8%+6.5%
Q3 2022+0.9%+0.9%+4.5%
Q2 2022+6.7%+5.5%+4.4%
Q1 2022-1.8%-3.4%+0.4%
Q4 2021+1.4%+3.4%-1.2%
Q3 2021+1.7%+3.8%+4.6%
Q2 2021-0.8%+0.5%+3.2%
Q1 2021+0.2%+4.3%-1.5%
Q4 2020-9.0%-10.4%-6.6%
Q3 2020+2.2%+2.0%+27.5%
Q2 2020-10.6%-9.7%-6.4%
Q1 2020-0.5%-4.1%-2.0%
Q4 2019+1.1%-4.9%-18.6%
Q3 2019-1.0%+0.4%+2.7%
Q2 2019-4.3%-2.2%-11.4%
Q1 2019-2.8%-0.4%-0.2%
Q4 2018-0.2%+1.5%-0.9%
Q3 2018+2.6%-0.6%-12.0%
Q2 2018+0.4%-7.2%-9.9%
Q1 2018-2.5%-4.3%+1.0%
Q4 2017+0.3%+0.3%+5.9%
Q3 2017+3.9%+5.6%+17.4%
Q2 2017+0.5%+1.3%+8.3%
Q1 2017-1.7%-1.7%-0.8%
Q4 2016+0.0%+3.2%+2.7%
Q3 2016-1.5%-1.5%+0.4%
Q2 2016+2.3%+1.5%+1.5%
Q1 2016+0.0%
Q4 2015-1.4%
Q3 2015-1.3%
Q2 2015+0.0%
Q1 2015+0.0%
Q4 2014+5.9%
Q3 2014+0.2%
Q2 2014+0.2%
Q1 2014-0.4%
Q4 2013+0.0%
Q3 2013+7.8%
Q2 2013+0.0%
Q4 2012+0.0%
Q1 2013-0.9%
Q4 2011+0.0%
Q1 2010+0.0%
Q3 2012+0.0%
Q2 2012-0.2%
Q1 2011+0.0%
Q1 2012+0.0%
Q4 2009+2.1%
Q3 2010+15.2%
Q3 2011+15.2%
Q4 2010+0.0%
Q2 2010+0.0%
Q2 2011+0.0%

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