NASDAQ$FDBC

Fidelity D & D Bancorp Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Fidelity D & D Bancorp reported a decline in net income for Q4 2023 due to lower non-interest income and net interest income, partially offset by reduced provision for income taxes and credit losses.

Fidelity D & D Bancorp's Q4 2023 net income decreased significantly to $0.5 million, or $0.08 per diluted share, compared to $7.1 million, or $1.26 per diluted share, in Q4 2022. This decline was primarily due to a $5.9 million decrease in non-interest income, driven by a $6.5 million loss on the sale of securities, and a $3.4 million decline in net interest income. Adjusted net income, excluding the loss on the sale of securities, was $5.6 million, or $0.97 per diluted share.

  • Net income for Q4 2023 was $0.5 million, a 93% decrease compared to Q4 2022.
  • The decline in net income was primarily due to lower non-interest income from the sale of securities and decreased net interest income.
  • Adjusted net income, excluding the loss on the sale of securities, was $5.6 million for Q4 2023.
  • Total assets grew to $2.5 billion as of December 31, 2023, an increase of $125 million from December 31, 2022.

Headline financials

Total Revenue

$13M

Previous: $22.2M-41.8%
EPS (adj)

$0.97

Previous: $1.26-23.0%
Capital Expenditures

$2.38M

Previous: $900K+164.2%
Net Income

$500K

Previous: $7.1M-93.0%
Operating Income

$0.00

Previous: $9.3M-100.0%
Stock-Based Comp

$327K

Previous: $294K+11.2%

Revenue & EPS history

Fidelity D & D Bancorp · Revenue · Quarterly

$13M

Q4 2023-41.8%vs Q4 2022

Forward guidance

The Company continues to execute well and remains focused, disciplined and thoughtful as it executes on its strategic plan.

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 Q4 2023

Historical avgQ4 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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