FIDELITY D & D BANCORP INC FDBC
Fidelity D & D Bancorp, Inc. (the Company) was incorporated in the Commonwealth of Pennsylvania, on August 10, 1999, and is a bank holding company, whose wholly-owned state chartered commercial bank subsidiary is The Fidelity Deposit and Discount Bank (the Bank) (collectively, the Company). The Company is headquartered at Blakely and Drinker Streets in Dunmore, Pennsylvania. The Company's primary market area (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.
Federal and state banking laws contain numerous provisions that affect various aspects of the business and operations of the Company and the Bank. The Company is subject to, among others, the regulations of the Securities and Exchange Commission (the SEC) and the Federal Reserve Board (the FRB) and the Bank is subject to, among others, the regulations of the Pennsylvania Department of Banking and Securities, the Federal Deposit Insurance Corporation (the FDIC) and the rules promulgated by the Consumer Financial Protection Bureau (the CFPB) but continues to be examined and supervised by federal banking regulators for consumer compliance purposes. Refer to Part II, Item 7 "Supervision and Regulation" for descriptions of and references to applicable statutes and regulations which are not intended to be complete descriptions of these provisions or their effects on the Company or the Bank. They are summaries only and are qualified in their entirety by reference to such statutes and regulations. Applicable regulations relate to, among other things:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $119.8M | $107.0M | $93.8M | $78.7M | $65.5M | $49.5M | $39.3M | $35.3M | $31.1M | $27.5M |
| Interest expense | $72.7M | $61.9M | $62.0M | $6.4M | $3.6M | $5.3M | $7.6M | $4.9M | $3.2M | $2.4M |
| Pre-tax income | $33.1M | $23.9M | $20.3M | $35.5M | $28.0M | $15.3M | $13.9M | $13.1M | $9.9M | $10.5M |
| Income tax | $4.9M | $3.1M | $2.0M | $5.4M | $4.0M | $2.2M | $2.3M | $2.1M | $1.2M | $2.8M |
| Net income | $28.2M | $20.8M | $18.2M | $30.0M | $24.0M | $13.0M | $11.6M | $11.0M | $8.7M | $7.7M |
| EPS, basic | 4.89 | 3.63 | 3.21 | 5.32 | 4.51 | 2.84 | 3.06 | 2.93 | 2.35 | 2.09 |
| EPS, diluted | 4.86 | 3.60 | 3.19 | 5.29 | 4.48 | 2.82 | 3.03 | 2.90 | 2.33 | 2.09 |
| Shares, diluted (wtd. avg.) | $5.8M | $5.8M | $5.7M | $5.7M | $5.4M | $4.6M | $3.8M | $3.8M | $3.7M | $3.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $148.1M | $83.4M | $111.9M | $29.1M | $96.9M | $69.3M | $15.7M | $17.5M | $15.8M | $25.8M |
| Property, plant and equipment | $49.0M | $35.9M | $34.2M | $31.3M | $29.3M | $27.6M | $21.6M | $18.9M | $16.6M | $17.2M |
| Goodwill | $19.6M | $19.6M | $19.6M | $19.6M | $19.6M | $7.1M | $209.0K | $209.0K | $209.0K | — |
| Other intangibles | $614.0K | $876.0K | $1.2M | $1.5M | $1.9M | $1.7M | — | — | — | — |
| Total assets | $2.75B | $2.58B | $2.50B | $2.38B | $2.42B | $1.70B | $1.01B | $981.1M | $863.6M | $792.9M |
| Short-term debt | $20.0K | $0 | $117.0M | $12.9M | $0 | — | $37.8M | $76.4M | $18.5M | $4.2M |
| Long-term debt | — | — | — | — | — | — | — | — | — | $0 |
| Total liabilities | $2.51B | $2.38B | $2.31B | $2.22B | $2.21B | $1.53B | $903.1M | $887.5M | $776.3M | $712.3M |
| Retained earnings | $158.8M | $140.1M | $128.3M | $119.8M | $97.4M | $80.0M | $72.4M | $64.9M | $57.2M | $52.1M |
| Total equity | $238.9M | $204.0M | $189.5M | $162.9M | $211.7M | $166.7M | $106.8M | $93.6M | $87.4M | $80.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $42.4M | $29.6M | $29.7M | $49.4M | $7.2M | $296.0K | $25.8M | $13.7M | $13.9M | $15.9M |
| Depreciation and amortisation | $5.5M | $5.7M | $5.7M | $5.3M | $2.2M | $4.5M | $3.3M | $3.0M | $3.1M | $3.3M |
| Stock-based compensation | $1.1M | $1.5M | $1.6M | $1.3M | $1.1M | $1.1M | $817.0K | $749.0K | $550.0K | $519.0K |
| Capital expenditure | $17.5M | $4.7M | $7.0M | $5.5M | $2.5M | $1.4M | $4.1M | $3.6M | $921.0K | $1.5M |
| Investing cash flow | -$95.3M | -$113.6M | -$35.3M | -$115.4M | -$303.2M | -$164.2M | -$34.0M | -$117.1M | -$69.8M | -$58.2M |
| Financing cash flow | $117.6M | $55.4M | $88.4M | -$1.8M | $323.6M | $217.6M | $6.4M | $105.1M | $45.9M | $55.9M |
| Dividends paid | $9.4M | $8.8M | $6.8M | $7.7M | $6.6M | $5.4M | $4.0M | $3.4M | $3.0M | — |
| Buybacks | — | — | $0 | $1.3M | $0 | $0 | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-008215.
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|---|---|---|---|---|
| JPM | JPMORGAN CHASE & CO | $953.33B | 17.9x | 2.8% |
| BAC | BANK OF AMERICA CORP /DE/ | $438.31B | 16.5x | 6.8% |
| WFC | WELLS FARGO & COMPANY/MN | $272.07B | 14.4x | -3.8% |
| C | CITIGROUP INC | $240.92B | 19.7x | 5.6% |
| COF | CAPITAL ONE FINANCIAL CORP | $136.66B | 54.5x | 36.3% |
| USB | US BANCORP \DE\ | $98.73B | 13.7x | 4.4% |
| PNC | PNC FINANCIAL SERVICES GROUP, INC. | $97.98B | 14.8x | 7.2% |
| TFC | TRUIST FINANCIAL CORP | $63.10B | 13.5x | -2.1% |