FDBC Stock Fair Value Calculation – Fidelity D & D Bancorp Reports 100% Increase in Profit After Tax for 2022 Financial Year.

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Fidelity D & D ($NASDAQ:FDBC) Bancorp is a leading financial services provider in Nigeria, offering banking and financial services to individuals, small and medium-sized businesses, and corporate customers. The company’s long-term strategy is to provide the highest quality service to its customers while delivering optimal returns to shareholders. This impressive increase was driven by strong performance across all of the bank’s key performance indicators, including higher loan origination, improved cost management, increased fee income, and a lower cost of funds.

In addition, the company continued to invest in new products and services for its customers, as well as digital solutions to improve the overall customer experience. These initiatives have enabled Fidelity D & D Bancorp to further cement its position as a premier financial services provider in the Nigerian financial marketplace. The bank’s strong performance in the 2022 financial year is an indicator of its ongoing commitment to delivering high-quality services and solutions to its customers while maximizing shareholder value. Fidelity Bank Plc is well positioned to build on its successful track record and continue delivering market-leading growth in the years ahead.

Analysis – FDBC Stock Fair Value Calculation

At GoodWhale, we have conducted an analysis of FIDELITY D & D BANCORP’s fundamentals and believe that FIDELITY D & D BANCORP is currently undervalued. Through our proprietary Valuation Line, we have calculated that the fair value of a share in FIDELITY D & D BANCORP is around $58.1. Currently, FIDELITY D & D BANCORP stock is traded at $43.5, which is 25.1% below our estimated fair value. Therefore, we believe that there currently could be an attractive opportunity to buy FIDELITY D & D BANCORP shares. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for FDBC. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for FDBC. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for FDBC. More…

Key Ratios Snapshot

Some of the financial key ratios for FDBC are shown below. More…

Peers

Fidelity D & D Bancorp Inc is a bank holding company. The Company’s principal business is to serve as a holding company for its subsidiaries that engage in the business of banking. The Company operates through its subsidiary, Fidelity Bank (the Bank). The Bank is engaged in the business of commercial banking and providing a range of banking services to individuals, businesses and industries. The Company’s primary competitors are United Community Banks Inc, HV Bancorp Inc and Wilson Bank Holding Co.

– United Community Banks Inc ($NASDAQ:UCBI)

United Community Banks Inc. is a bank holding company headquartered in Blairsville, Georgia, with $12.9 billion in assets as of December 31, 2020. The Company operates through its subsidiary banks, United Community Bank, N.A., with branches located throughout the southeastern United States. The Company offers a full range of banking services including personal banking, small business banking, corporate banking, investment banking, mortgage banking, and insurance.

– HV Bancorp Inc ($NASDAQ:HVBC)

HV Bancorp Inc is a holding company for Heritage Valley Federal Credit Union. The Credit Union provides a full range of financial services to members in Beaver, Allegheny, and Lawrence Counties in Pennsylvania through its eleven branch locations. HV Bancorp Inc has a market cap of 57.26M as of 2022.

– Wilson Bank Holding Co ($OTCPK:WBHC)

As of 2022, Wilson Bank Holding Co has a market cap of 401.05M. The company operates through its subsidiaries, Wilson Bank and Trust, Lebanon, Tennessee and Volunteer State Bank, Gallatin, Tennessee. Wilson Bank and Trust provides a range of banking services to individual and corporate customers in Wilson, Davidson, Rutherford, Smith, and Trousdale counties of Tennessee. Volunteer State Bank provides banking services in Sumner and surrounding counties in Tennessee.

Summary

Fidelity D & D Bancorp, a leading provider of financial services, has achieved impressive growth as indicated by its audited financial statements for the year ended December 31, 2022. These strong results demonstrate Fidelity D & D Bancorp’s continued commitment to excellence in financial services and its focus on providing long-term value to shareholders and investors.