Fidelity D&D Bancorp Inc (OQ:FDBC)
Business Focus: Commercial Banks
| Sector: Financials | Industry: Banks |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Blakely & Drinker Streets DUNMORE PA 18512 |
| Tel: | 1-570-504-8007 |
| Website: | https://bankatfidelity.q4ir.com/corporate-profile/default.aspx |
| IR: | See website |
| Key People | ||
| Daniel J. Santaniello President, Chief Executive Officer, Director of the Company and the Bank | Salvatore R. Defrancesco Treasurer, Chief Financial Officer; Executive Vice President and Chief Financial Officer of the Bank | Eugene J. Walsh Vice President, Chief Operating Officer; Executive Vice President and Chief Operating Officer of the Bank | Michael J. Pacyna Executive Vice President, Chief Lending 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 full 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 has investment securities classified into three categories: trading, available-for-sale or held-to-maturity (HTM). The Bank service area is comprised of the Borough of Dunmore and the surrounding communities within Lackawanna and Luzerne counties in Northeastern Pennsylvania and Northampton County in Eastern Pennsylvania. It provides health benefit to bankers, including medical, dental and vision insurances, life insurance, long- and short-term disability coverage and flexible spending accounts. The Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Fidelity D&D Bancorp Inc interest income increased 19% to $93.8M. Net interest income after loan loss provision decreased 13% to $60.7M. Net income decreased 39% to $18.2M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % decrease of 14% to 2.81%, Net Interest Spread, Total - % decrease of 29% to 2.25%, States and political subdivisions (nonta decrease of 14% to $4.7M. |
| Employees: | 291 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $358.90M as of Dec 31, 2023 |
| Annual revenue (TTM): | $93.84M as of Dec 31, 2023 |
| EBITDA (TTM): | $28.80M as of Dec 31, 2023 |
| Net annual income (TTM): | $18.21M as of Dec 31, 2023 |
| Free cash flow (TTM): | $15.99M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $96.62M as of Dec 31, 2023 |
| Shares outstanding: | 5,734,097 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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