Fidelity D & D Bancorp Q1 Net Income Rises 25% to $7.5M
Fidelity D & D Bancorp reported first-quarter net income of $7.5 million, or $1.28 per diluted share, a 25% increase year-over-year driven by a $2.4 million rise in net interest income. Total assets reached $2.9 billion, supported by $112 million loan growth and improved net interest margin.
1. Net Income and EPS
Fidelity D & D Bancorp reported net income of $7.5 million, or $1.28 per diluted share, for Q1 2026, up 25% from $6.0 million, or $1.03 per share, in Q1 2025. The increase reflects stronger core earnings and efficient expense management.
2. Net Interest Income and Margin
Net interest income rose 14% to $19.4 million in Q1 2026, fueled by a $160.6 million increase in average interest-earning assets and a 4 basis-point yield improvement. This lifted the net interest margin to 3.08% from 2.89% year-over-year.
3. Non-Interest Income and Expenses
Non-interest income climbed 4% to $5.2 million driven by higher commercial loan fees and wealth management revenue, while non-interest expense increased 4% to $15.2 million due to additional staffing and incentive compensation.
4. Asset Growth and Credit Provision
Total assets reached $2.9 billion at March 31, 2026, up $111.2 million since December 31, 2025, driven by $111.9 million in loan growth. The provision for credit losses rose to $875 thousand on loans and $90 thousand on unfunded commitments.