Fidelity D&D Bancorp Inc (OQ:FDBC)

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: Blakely & Drinker Streets
Tel: N/A
IR: See website
Key People
Brian J. Cali
Independent Chairman of the board
Daniel J. Santaniello
President, Chief Executive Officer, Director of the Company and President, Chief Executive Officer of the Bank
Salvatore R. DeFrancesco
Chief Financial Officer, Treasurer; Executive Vice President and Chief Financial Officer of the Bank
Eugene J. Walsh
Chief Operating Officer, Vice President
Timothy P. O'Brien
Senior Executive Vice President and Chief Lending Officer of the Bank
Michael J. Pacyna
Executive Vice President & Chief Business Development Officer of the Bank
Business Overview
Fidelity D & D Bancorp, Inc. is a bank holding company. The Fidelity Deposit and Discount Bank (the Bank) is the Company's state chartered commercial bank. The Bank offers a range of traditional banking services. The Bank has a personal and corporate trust department, and also provides alternative financial and insurance products with asset management services. The Bank's service area consists of the Borough of Dunmore and the surrounding communities within Lackawanna and Luzerne counties in Northeastern Pennsylvania. The Bank's investment securities are classified into three categories: trading, available-for-sale (AFS) and held-to-maturity (HTM). The Company operates approximately 12 full-service banking offices, of which approximately six are owned and approximately six are leased.
Financial Overview
For the three months ended 31 March 2020, Fidelity D&D Bancorp Inc interest income increased 1% to $9.7M. Net interest income after loan loss provision increased 1% to $7.8M. Net income decreased 6% to $2.6M. Net interest income after loan loss provision reflects Taxable increase of 2% to $8.1M, Nontaxable increase of 11% to $297K. Net income was offset by Salaries and employee benefits increase of 6% to $3.9M (expense).
Employees: 189 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $230.53M as of Mar 31, 2020
Annual revenue (TTM): $39.33M as of Mar 31, 2020
EBITDA (TTM): $19.03M as of Mar 31, 2020
Net annual income (TTM): $11.41M as of Mar 31, 2020
Free cash flow (TTM): $14.30M as of Mar 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 5,003,456 as of May 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization