Latest Fidelity D & D Bancorp Inc (FDBC) Headlines
Fidelity D & D Bancorp, Inc. First Quarter 2014 Dividend
PR Newswire - Wed Feb 05, 12:14PM CST
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's first quarter dividend of $0.25 per share. The dividend is payable March 10, 2014 to shareholders of record at the close of business on February 17, 2014.
Fidelity D & D Bancorp, Inc. Reports 2013 Financial Results
PR Newswire - Wed Feb 05, 8:00AM CST
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced a 45% net income increase for the year ended December 31, 2013, with net income of $7.1 million, or $3.03 per share, compared to net income for the year ended December 31, 2012 of $4.9 million, or $2.14 per share. This increase resulted primarily from recognizing a $2.9 million net gain ($1.9 million after tax, or $0.80 per share) on the sale of the Company's entire pooled trust preferred security portfolio, completed in late December. The additional pretax increase in operating income was accomplished through $0.7 million lower provision for loan losses required and $0.2 million more net interest income, partially offset by the $0.3 million other real estate owned write-downs plus $0.2 million increases recorded within other expenses. Asset quality issues were further addressed through resolutions occurring throughout the loan portfolio and the liquidation of the pooled trust preferred security portfolio, with total non-performing assets down to 1.4% of total assets at December 31, 2013.
The LEGO Group to Produce LEGO® Replica of Ghostbusters ECTO-1
PR Newswire - Thu Jan 30, 9:00AM CST
The LEGO Group today announced that its latest quarterly review of LEGO® CUUSOO consumer inspiration platform has designated that a LEGO Ghostbusters ECTO-1 will be produced for sale under a licensing agreement from Sony Pictures Consumer Products. The item is the sixth user-designed and submitted product to be manufactured from the LEGO CUUSOO platform after receiving the requisite 10,000 fan votes to be considered for production.
Fidelity D & D Bancorp, Inc. Fourth Quarter 2013 Dividend and 2013 10% Bonus
PR Newswire - Wed Nov 06, 9:05AM CST
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's fourth quarter dividend of $0.25 per share plus a 2013 bonus dividend of 10%, or $0.10 per share. Because the Company's 2013 year-to-date net income was well above expected pace at 11% above prior years' level, the Board declared a one-time bonus payment for 2013 as a means to share the Company's success with its' loyal shareholders. The total cash dividend of $0.35 per share is payable December 10, 2013 to shareholders of record at the close of business on November 18, 2013.
Fidelity D & D Bancorp, Inc. Reports Third Quarter 2013 Financial Results
PR Newswire - Wed Oct 30, 9:19AM CDT
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended September 30, 2013 of $1.5 million, an increase of $106 thousand, or 8%, compared to the 2012 third quarter. Progress in improving earnings occurred from the further generation of other income sources. This happened while maintaining the level of net interest income along with the less required provision for loan losses, which more than offset additional other operating expenses. Earnings per share on a diluted basis for the quarters were $0.64 and $0.61 for the three months ended September 30, 2013 and 2012, respectively. The return on average assets was 0.96% and 0.92% with the return on average equity of 9.85% and 9.67% for the three months ended September 30, 2013 and 2012, each respectively.
Fidelity D & D Bancorp, Inc. Third Quarter 2013 Dividend
PR Newswire - Wed Aug 07, 9:10AM CDT
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's third quarter dividend of $0.25 per share. The dividend is payable September 10, 2013 to shareholders of record at the close of business on August 20, 2013.
Fidelity D & D Bancorp, Inc. Reports Second Quarter 2013 Financial Results
PR Newswire - Wed Jul 31, 9:36AM CDT
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended June 30, 2013 of $1.5 million, an $0.2 million, or 15%, increase compared to the same 2012 quarter. Earnings improvement occurred by maintaining the level of net interest income from loan growth, while producing more other income and incurring less operating expenses over the previous year's second quarter. The added revenue improved the return on average assets (ROA) to 1.00% for the second quarter of 2013 compared to 0.87% for the same 2012 quarter. Earnings per share on a diluted basis were $0.64 and $0.57 for the three months ended June 30, 2013 and 2012, respectively.
Fidelity D & D Bancorp, Inc. Second Quarter 2013 Dividend
PR Newswire - Wed May 08, 12:46PM CDT
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's second quarter dividend of $0.25 per share. The dividend is payable June 10, 2013 to shareholders of record at the close of business on May 20, 2013.
Fidelity D & D Bancorp, Inc. Reports First Quarter 2013 Financial Results
PR Newswire - Wed May 01, 11:13AM CDT
Fidelity D & D Bancorp, Inc., (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended March 31, 2013 of $1.4 million, an improvement of $137 thousand, or 11%, compared to $1.3 million for the first quarter of 2012. Net interest income growth plus improvement in gains from loan sales, service charges and interchange fees within other income categories, along with a lower provision for loan losses, more than offset the higher amounts of loan collection, foreclosed property, salary and benefits, and advertising expenditures incurred, when compared to the prior year quarter. Earnings per share on a diluted basis for the quarter were $0.60 and $0.56 for the three months ended March 31, 2013 and 2012, respectively.
Fidelity D & D Bancorp, Inc. Updates Previously Reported 2012 Fourth Quarter And Full Year Financial Results To Reflect Larger Allowance For Loan Losses
PR Newswire - Tue Mar 26, 9:10AM CDT
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, reported today that information became available in 2013 that confirmed the collateral value of an impaired commercial real estate loan was overestimated. Based on this information, the Company revised the collateral valuation estimate used in its impairment analysis as of December 31, 2012. These developments occurred after year-end but before the financial statements are available for issuance. Therefore, the Company's previously reported 2012 fourth quarter and full year financial results have been updated, following GAAP, to reflect additional loan loss reserve requirements from the reduction in the estimated collateral value.
Fidelity D & D Bancorp, Inc. First Quarter 2014 Dividend
PR Newswire - Wed Feb 05, 12:14PM CST
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's first quarter dividend of $0.25 per share. The dividend is payable March 10, 2014 to shareholders of record at the close of business on February 17, 2014.
Fidelity D & D Bancorp, Inc. Reports 2013 Financial Results
PR Newswire - Wed Feb 05, 8:00AM CST
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced a 45% net income increase for the year ended December 31, 2013, with net income of $7.1 million, or $3.03 per share, compared to net income for the year ended December 31, 2012 of $4.9 million, or $2.14 per share. This increase resulted primarily from recognizing a $2.9 million net gain ($1.9 million after tax, or $0.80 per share) on the sale of the Company's entire pooled trust preferred security portfolio, completed in late December. The additional pretax increase in operating income was accomplished through $0.7 million lower provision for loan losses required and $0.2 million more net interest income, partially offset by the $0.3 million other real estate owned write-downs plus $0.2 million increases recorded within other expenses. Asset quality issues were further addressed through resolutions occurring throughout the loan portfolio and the liquidation of the pooled trust preferred security portfolio, with total non-performing assets down to 1.4% of total assets at December 31, 2013.
The LEGO Group to Produce LEGO® Replica of Ghostbusters ECTO-1
PR Newswire - Thu Jan 30, 9:00AM CST
The LEGO Group today announced that its latest quarterly review of LEGO® CUUSOO consumer inspiration platform has designated that a LEGO Ghostbusters ECTO-1 will be produced for sale under a licensing agreement from Sony Pictures Consumer Products. The item is the sixth user-designed and submitted product to be manufactured from the LEGO CUUSOO platform after receiving the requisite 10,000 fan votes to be considered for production.
Fidelity D & D Bancorp, Inc. Fourth Quarter 2013 Dividend and 2013 10% Bonus
PR Newswire - Wed Nov 06, 9:05AM CST
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's fourth quarter dividend of $0.25 per share plus a 2013 bonus dividend of 10%, or $0.10 per share. Because the Company's 2013 year-to-date net income was well above expected pace at 11% above prior years' level, the Board declared a one-time bonus payment for 2013 as a means to share the Company's success with its' loyal shareholders. The total cash dividend of $0.35 per share is payable December 10, 2013 to shareholders of record at the close of business on November 18, 2013.
Fidelity D & D Bancorp, Inc. Reports Third Quarter 2013 Financial Results
PR Newswire - Wed Oct 30, 9:19AM CDT
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended September 30, 2013 of $1.5 million, an increase of $106 thousand, or 8%, compared to the 2012 third quarter. Progress in improving earnings occurred from the further generation of other income sources. This happened while maintaining the level of net interest income along with the less required provision for loan losses, which more than offset additional other operating expenses. Earnings per share on a diluted basis for the quarters were $0.64 and $0.61 for the three months ended September 30, 2013 and 2012, respectively. The return on average assets was 0.96% and 0.92% with the return on average equity of 9.85% and 9.67% for the three months ended September 30, 2013 and 2012, each respectively.
Fidelity D & D Bancorp, Inc. Third Quarter 2013 Dividend
PR Newswire - Wed Aug 07, 9:10AM CDT
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's third quarter dividend of $0.25 per share. The dividend is payable September 10, 2013 to shareholders of record at the close of business on August 20, 2013.
Fidelity D & D Bancorp, Inc. Reports Second Quarter 2013 Financial Results
PR Newswire - Wed Jul 31, 9:36AM CDT
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended June 30, 2013 of $1.5 million, an $0.2 million, or 15%, increase compared to the same 2012 quarter. Earnings improvement occurred by maintaining the level of net interest income from loan growth, while producing more other income and incurring less operating expenses over the previous year's second quarter. The added revenue improved the return on average assets (ROA) to 1.00% for the second quarter of 2013 compared to 0.87% for the same 2012 quarter. Earnings per share on a diluted basis were $0.64 and $0.57 for the three months ended June 30, 2013 and 2012, respectively.
Fidelity D & D Bancorp, Inc. Second Quarter 2013 Dividend
PR Newswire - Wed May 08, 12:46PM CDT
The Board of Directors of Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's second quarter dividend of $0.25 per share. The dividend is payable June 10, 2013 to shareholders of record at the close of business on May 20, 2013.
Fidelity D & D Bancorp, Inc. Reports First Quarter 2013 Financial Results
PR Newswire - Wed May 01, 11:13AM CDT
Fidelity D & D Bancorp, Inc., (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, announced net income for the quarter ended March 31, 2013 of $1.4 million, an improvement of $137 thousand, or 11%, compared to $1.3 million for the first quarter of 2012. Net interest income growth plus improvement in gains from loan sales, service charges and interchange fees within other income categories, along with a lower provision for loan losses, more than offset the higher amounts of loan collection, foreclosed property, salary and benefits, and advertising expenditures incurred, when compared to the prior year quarter. Earnings per share on a diluted basis for the quarter were $0.60 and $0.56 for the three months ended March 31, 2013 and 2012, respectively.
Fidelity D & D Bancorp, Inc. Updates Previously Reported 2012 Fourth Quarter And Full Year Financial Results To Reflect Larger Allowance For Loan Losses
PR Newswire - Tue Mar 26, 9:10AM CDT
Fidelity D & D Bancorp, Inc. (OTC Bulletin Board: FDBC), parent company of The Fidelity Deposit and Discount Bank, reported today that information became available in 2013 that confirmed the collateral value of an impaired commercial real estate loan was overestimated. Based on this information, the Company revised the collateral valuation estimate used in its impairment analysis as of December 31, 2012. These developments occurred after year-end but before the financial statements are available for issuance. Therefore, the Company's previously reported 2012 fourth quarter and full year financial results have been updated, following GAAP, to reflect additional loan loss reserve requirements from the reduction in the estimated collateral value.
