NASDAQ$FDBC

Fidelity D & D Bancorp Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Fidelity D & D Bancorp's financial performance for Q2 2023 was reported, revealing a decrease in net income compared to the same period last year, driven by lower net interest income and higher non-interest expenses.

Fidelity D & D Bancorp reported a net income of $5.4 million, or $0.94 diluted earnings per share, for the second quarter of 2023. This represents a decrease compared to $7.7 million, or $1.35 diluted earnings per share, for the quarter ended June 30, 2022. The decline was primarily due to a decrease in net interest income and an increase in non-interest expenses.

  • Net income for Q2 2023 was $5.4 million, or $0.94 diluted earnings per share, compared to $7.7 million, or $1.35 diluted earnings per share, for Q2 2022.
  • Net interest income decreased by 15% to $15.4 million for Q2 2023, compared to $18.1 million for Q2 2022.
  • Total non-interest income increased by 7% to $4.5 million for Q2 2023, compared to $4.2 million for Q2 2022.
  • Total assets grew to $2.4 billion as of June 30, 2023, an increase of $63 million from December 31, 2022.

Headline financials

Total Revenue

$20M

Previous: $22.4M-10.6%
EPS (adj)

$0.94

Previous: $1.35-30.4%
Net Interest Margin

2.8%

No prior period
Non-performing Assets/Assets

0.1%

Previous: 0.2%-25.0%
Capital Expenditures

-$2.58M

Previous: -$3.88M+33.4%
Free Cash Flow

$2.78M

Previous: $3.79M-26.6%
Net Income

$5.36M

Previous: $7.66M-30.0%
Operating Income

$9.04M

Previous: $18.5M-51.1%
Gross Profit

$19.3M

Previous: $22.4M-13.7%
Cash & Equivalents

$69.6M

Previous: $109M-36.2%
Total Assets

$2.44B

Previous: $2.41B+1.1%
Stock-Based Comp

$518K

Previous: $413K+25.4%

Revenue & EPS history

Fidelity D & D Bancorp · Revenue · Quarterly

$20M

Q2 2023-10.6%vs Q2 2022

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 Q2 2023

Historical avgQ2 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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