Fidelity D&D Bancorp Reports Record Quarterly Earnings of $1.24 Per Share and $21.51M in Revenue
April 22, 2023
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Fidelity ($NASDAQ:FDBC) D& D Bancorp reported impressive quarterly earnings of $1.24 per share and $21.51M in revenue. This marks a record quarter for the company, which is a financial holding company with a focus on the banking industry. Fidelity D& D Bancorp was created in order to expand its banking portfolio, by providing a variety of banking services, such as lending, deposits, and treasury services. This includes access to both digital and mobile banking platforms. The company has seen steady growth since its inception, with their stock performing well in the stock market. This can be attributed to their diversified portfolio of banking services, as well as management’s commitment to consistently delivering strong financial results.
The strong quarterly results reported by Fidelity D& D Bancorp are indicative of the growing demand for their financial services, which is expected to continue into the future. These results also highlight the company’s ability to successfully leverage their services and deliver outstanding performance. As the banking industry continues to evolve and expand in the US, Fidelity D& D Bancorp is likely to remain an attractive option for those looking for reliable and efficient banking solutions.
Market Price
The company’s stock opened at $44.3 and closed at $44.2, down by 0.2% from its prior closing price of 44.3. The company’s reported earnings and revenue exceeded market expectations and further strengthened its position as a leader in the banking industry. The company’s strong financial performance is a testament to the effectiveness of its strategies and operations, which have resulted in a steady increase in revenue and profits. With this performance, the company is well-positioned to capitalize on future growth opportunities in the banking sector.
Going forward, FIDELITY D & D BANCORP will continue to invest in its products and services to ensure that it remains competitive in the market. With strong financials, the company is well-equipped to take advantage of any potential opportunities that may arise. Investors should, therefore, be confident that the company is in a good position to deliver long-term profitability. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for FDBC. More…
| Total Revenues | Net Income | Net Margin |
| – | 30.02 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for FDBC. More…
| Operations | Investing | Financing |
| 7.2 | -303.24 | 323.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for FDBC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.38k | 2.22k | – |
Key Ratios Snapshot
Some of the financial key ratios for FDBC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 29.4% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale has conducted research analyzing FIDELITY D & D BANCORP’s fundamentals. Based on the Star Chart we classified FIDELITY D & D BANCORP as a ‘cheetah’, indicating the company has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may attract investors that prioritize growth and are willing to take on slightly more risk. FIDELITY D & D BANCORP also has a high health score of 9/10 with regard to its cashflow and debt, indicating the company is capable of paying off its debt and fund future operations. This combination of stability and potential for growth make FIDELITY D & D BANCORP an attractive investment opportunity. 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 has demonstrated strong financial performance, with a reported GAAP EPS of $1.24 and revenue of $21.51M. This presents investors with a good outlook for potential returns on their investments. The company also has a strong balance sheet with a strong track record of paying dividends. Analysts expect the dividend to remain steady in the near-term, as the company has a healthy financial position. Furthermore, the company has a good record of cost control, which could lead to increased profits and returns for investors.
Additionally, the company has demonstrated growth in the past and is likely to continue to do so in the future. All in all, Fidelity D & D Bancorp is an attractive investment opportunity for investors looking for strong financial performance and potential returns on their investments.
