Fidelity D&D Bancorp reports strong Q3 results with Non-GAAP EPS of $1.36 and revenue of $22.42M

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Fidelity ($NASDAQ:FDBC) D&D Bancorp, a regional bank based in Pennsylvania, has announced strong Q3 results with Non-GAAP EPS of $1.36 and revenue of $22.42M. The bank also saw an increase in deposits and loans, which helped to drive the revenue growth. The bank has a strong balance sheet and is committed to disciplined expense management. With the continued growth in the economy, the bank is confident that it will be able to grow its business and continue to generate strong results for its shareholders.

Price History

The company’s stock opened at $46.0 and closed at $46.7, up by 0.9% from its previous closing price of 46.3. The company’s loan portfolio is diversified and growing, while its deposit base is also growing. In addition, the company’s net interest margin is expanding, which should help to drive further growth in net interest income.

VI Analysis

FIDELITY D & D BANCORP is a cheetah type of company, meaning it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This makes it an attractive investment for growth-oriented investors. The company has a strong health score, indicating that it is capable of sustaining future operations in times of crisis. It is also strong in growth, asset management, and dividend payments, making it a well-rounded investment.

VI 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 is a bank holding company that operates through its subsidiaries. The company offers a range of banking services, including deposits, loans, and credit cards. It also provides investment management, trust, and other financial services.

The company has a strong focus on customer service and offers a wide range of products and services to meet the needs of its customers. It is a good choice for investors who are looking for a stable banking option with good potential for growth.