Form 8-K

8-K — FIDELITY D & D BANCORP INC

Accession: 0001437749-26-012999

Filed: 2026-04-22

Period: 2026-04-22

CIK: 0001098151

SIC: 6021 (NATIONAL COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — fdbc20260128_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex_913181.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K — FORM 8-K

8-K (Primary)

Filename: fdbc20260128_8k.htm · Sequence: 1

fdbc20260128_8k.htm

false

0001098151

2026-04-22

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

______________

Date of Report (Date of earliest event reported): April 22, 2026

FIDELITY D & D BANCORP, INC.

(Exact name of registrant as specified in its charter)

Pennsylvania

001-38229

23-3017653

(State or other

jurisdiction of

incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

Blakely and Drinker Streets, Dunmore, PA

18512

(Address of principal executive offices)

(Zip Code)

(570) 342-8281

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, no par value

FDBC

The NASDAQ Stock Market, LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

FIDELITY D & D BANCORP, INC.

CURRENT REPORT ON FORM 8-K

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On April 22, 2026, Fidelity D & D Bancorp, Inc. issued a press release describing its results of operations for the quarter and year-to-date ended March 31, 2026. A copy of the related press release is being furnished as Exhibit 99.1 to this Form 8-K.

The information in this Item 2.02 is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit Number

Description

99.1

Copy of the Press Release, dated April 22, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FIDELITY D & D BANCORP, INC.

(Registrant)

Date: April 22, 2026

By: /s/ Salvatore R. DeFrancesco, Jr.

Salvatore R. DeFrancesco, Jr.

Treasurer and Chief Financial Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex_913181.htm · Sequence: 2

ex_913181.htm

Exhibit 99.1

FIDELITY D & D BANCORP, INC.

FOR IMMEDIATE RELEASE

Date: April 22, 2026

Contacts:

Daniel J. Santaniello

Salvatore R. DeFrancesco, Jr.

President and Chief Executive Officer

Treasurer and Chief Financial Officer

570-504-8035

570-504-8000

FIDELITY D & D BANCORP, INC.

REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS

Dunmore, PA – Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC) and its banking subsidiary, The Fidelity Deposit and Discount Bank, announced its unaudited, consolidated financial results for the three-month period ended March 31, 2026.

Unaudited Financial Information

Net income for the quarter ended March 31, 2026 was $7.5 million, or $1.28 per diluted share, compared to $6.0 million, or $1.03 per diluted share, for the quarter ended March 31, 2025. The $1.5 million, or 25%, increase in net income resulted primarily from a $2.4 million increase in net interest income coupled with a $0.2 million increase in non-interest income. This was partially offset by a $0.6 million increase in non-interest expense and a $0.6 million increase in the provision for credit losses on the growth of loans and unfunded commitments.

"We are pleased to report strong first quarter results for 2026,” said Daniel J. Santaniello, President and Chief Executive Officer. “Fidelity Bank reached quarter‑end assets of $2.9 billion, delivering a 25% year‑over‑year increase in net income to $7.5 million and a 24% increase in diluted earnings per share. These results reflect solid asset growth, consistent operational execution, and continued strength across our core businesses. I am grateful to our bankers whose expertise, collaboration, and commitment continue to drive our performance and support our shared success as we carry this momentum forward.”

Consolidated First Quarter Operating Results Overview

Net interest income was $19.4 million for the first quarter of 2026, representing a 14% increase over the $17.0 million earned for the first quarter of 2025. The $2.4 million increase in net interest income resulted from the increase of $2.2 million in interest income primarily due to a $160.6 million increase in the average balance of interest-earning assets and a 4 basis point increase in fully-taxable equivalent ("FTE") (non-GAAP measurement) yields. The loan portfolio had the most significant impact, producing a $2.0 million increase in FTE interest income from $132.8 million in higher quarterly average balances and an increase of 5 basis points in FTE loan yields. Additionally, the Company experienced an increase of $0.6 million in interest earned from interest-bearing deposits with other financial institutions from $77.3 million in higher average balances. The increase in interest income was coupled with a $0.2 million decrease in interest expense due to a 22 basis points decrease in rates paid on interest-bearing deposits which more than offset the increase from $138.0 million in higher average balances compared to the first quarter of 2025.

The FTE yield on interest-earning assets was 4.77% for the first quarter of 2026, an increase of 4 basis points from 4.73% for the first quarter of 2025. The overall cost of interest-bearing liabilities was 2.27% for the first quarter of 2026, a decrease of 22 basis points from the 2.49% for the first quarter of 2025. The cost of funds decreased 16 basis points from 1.93% to 1.77% for the first quarters of 2025 and 2026, respectively. The Company’s FTE net interest spread was 2.50% for the first quarter of 2026, an increase of 26 basis points from 2.24% recorded for the first quarter of 2025. FTE net interest margin increased to 3.08% for the three months ended March 31, 2026 from 2.89% for the same period of 2025.

For the three months ended March 31, 2026, the provision for credit losses on loans was $875 thousand and the provision for credit losses on unfunded commitments was $90 thousand, compared to a $455 thousand provision for credit losses on loans and a $85 thousand net benefit in the provision for credit losses on unfunded loan commitments for the three months ended March 31, 2025. For the three months ended March 31, 2026, the increase in the provision for credit losses on loans compared to the prior year period was due to significantly higher loan growth. For the three months ended March 31, 2026, the increase in the provision for credit losses on unfunded commitments compared to the prior period was due to the originated growth in the portfolio, specifically in commercial construction commitments.

Total non-interest income increased $0.2 million, or 4%, to $5.2 million for the first quarter of 2026 compared to $5.0 million for the first quarter of 2025. The increase in non-interest income was primarily attributed to increases of $0.4 million in fees from commercial loans with interest rate hedges and $0.3 million in wealth management revenue with the largest contributor being personal trust fees. These increases were partially offset by a $0.6 million lower gain on sold loans due to a $0.5 million gain on the sale of a commercial loan during the first quarter of 2025. Additionally, the Company saw an increase of $0.2 million in commercial loan late fees due to two substandard loans that were paid off in the first quarter of 2026.

Non-interest expenses increased $0.6 million, or 4%, for the first quarter of 2026 to $15.2 million from $14.6 million for the same quarter of 2025. The increase in non-interest expenses was attributed to the increases in salaries and benefits expense of $0.4 million primarily due to an increase in the number of bankers and incentive-based compensation throughout the quarter.

The provision for income taxes decreased $0.1 million during the three months ended March 31, 2026 compared to the same period in 2025 primarily due to a $0.5 million discount recognized in the provision from utilizing/applying purchased renewable energy tax credits in the first quarter of 2026.

Consolidated Balance Sheet & Asset Quality Overview

The Company’s total assets had a balance of $2.9 billion as of March 31, 2026, an increase of $111.2 million from December 31, 2025. The increase resulted from $111.9 million of growth in the loans and leases portfolio as of March 31, 2026 compared to December 31, 2025. Cash and cash equivalents increased $6.9 million and premises and equipment increased $3.8 million over the same period. Asset growth was offset by a decrease of $11.6 million in the investment portfolio primarily due to the sale of $5.8 million in available-for-sale securities and $5.1 million in paydowns.

During the same time period, total liabilities increased $105.4 million, or 4%. Deposit growth of $109.1 million was utilized to fund loan growth and increase interest-bearing cash balances. For interest-bearing deposit accounts, the Company experienced increases of $63.5 million in money market deposits, $19.6 million in interest-bearing checking accounts, and $10.6 million in savings and clubs; these increases were partially offset by a $6.7 million decrease in time deposits. Additionally, the Company experienced an increase of $22.2 million in non-interest-bearing checking accounts. As of March 31, 2026, the ratio of insured and collateralized deposits to total deposits was approximately 73%.

Shareholders’ equity increased $5.8 million, or 2%, to $244.7 million at March 31, 2026 from $238.9 million at December 31, 2025. The increase was caused by $4.9 million higher retained earnings from net income of $7.5 million plus a $0.4 million, after tax, improvement in accumulated other comprehensive income, partially offset by $2.5 million in cash dividends paid to shareholders. An additional $0.5 million was recorded from the issuance of common stock under the Company’s stock plans and restricted stock activity. At March 31, 2026, there were no credit losses on available-for-sale and held-to-maturity debt securities. Accumulated other comprehensive income (loss) is excluded from regulatory capital ratios. The Company remains well capitalized with Tier 1 capital at 9.38% of total average assets as of March 31, 2026. Total risk-based capital was 14.45% of risk-weighted assets and Tier 1 risk-based capital was 13.33% of risk-weighted assets as of March 31, 2026. Tangible book value per share was $38.67 at March 31, 2026 compared to $37.88 at December 31, 2025. Tangible common equity decreased to 7.91% of total assets at March 31, 2026 compared to 8.01% at December 31, 2025 due to a 4% increase in total tangible assets compared to a 3% increase in tangible common equity.

Asset Quality

Total non-performing assets were $2.4 million, or 0.09% of total assets, at March 31, 2026, compared to $2.2 million, or 0.08% of total assets, at December 31, 2025. Past due and non-accrual loans to total loans were 0.28% at March 31, 2026 compared to 0.26% at December 31, 2025. Net charge-offs to average total loans were 0.02% at March 31, 2026 compared to 0.03% at December 31, 2025.

About Fidelity D & D Bancorp, Inc. and The Fidelity Deposit and Discount Bank

Fidelity D & D Bancorp, Inc. has built a strong history as trusted financial advisor to the clients served by The Fidelity Deposit and Discount Bank (“Fidelity Bank”). Fidelity Bank continues its mission of exceeding client expectations through a unique banking experience. It operates 21 full-service offices throughout Lackawanna, Luzerne, Lehigh and Northampton Counties and a Fidelity Bank Wealth Management Office in Schuylkill County. Fidelity Bank provides a digital banking experience online at www.bankatfidelity.com, through the Fidelity Mobile Banking app, and in the Client Care Center at 1-800-388-4380. Additionally, the Bank offers full-service Wealth Management & Brokerage Services, a Mortgage Center, and a full suite of personal and commercial banking products and services. Part of the Company’s vision is to serve as the best bank for the community, which was accomplished by having provided over 6,190 hours of volunteer time and over $1.5 million in donations to non-profit organizations directly within the markets served throughout 2025. Fidelity Bank's deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures to provide information useful to the reader in understanding its operating performance and trends, and to facilitate comparisons with the performance of other financial institutions. Management uses these measures internally to assess and better understand our underlying business performance and trends related to core business activities. The Company’s non-GAAP financial measures and key performance indicators may differ from the non-GAAP financial measures and key performance indicators other financial institutions use to measure their performance and trends. Non-GAAP financial measures should be supplemental to GAAP used to prepare the Company’s operating results and should not be read in isolation or relied upon as a substitute for GAAP measures. Adjusted non-interest income used in the calculation of certain non-GAAP performance measures excludes gains and losses on securities sales in order to enhance comparability between reporting periods. Reconciliations of non-GAAP financial measures to GAAP are presented in the tables below.

Interest income was adjusted to recognize the income from tax exempt interest-earning assets as if the interest was taxable, fully-taxable equivalent ("FTE"), in order to calculate certain ratios within this document. This treatment allows a uniform comparison among yields on interest-earning assets. Interest income was FTE adjusted, using the corporate federal tax rate of 21% for 2026 and 2025. FTE adjustments affect interest income and related ratios only and do not impact reported GAAP net income.

Forward-looking statements

Certain of the matters discussed in this press release constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. The words “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” and similar expressions are intended to identify such forward-looking statements.

The Company’s actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation:

■

local, regional and national economic conditions and changes thereto;

■

the short-term and long-term effects of inflation, and rising costs to the Company, its customers and on the economy;

■

the risks of changes and volatility of interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities and interest rate protection agreements, as well as interest rate risks;

■

securities markets and monetary fluctuations and volatility;

■

disruption of credit and equity markets;

■

impacts of the capital and liquidity requirements of the Basel III standards and other regulatory pronouncements, regulations and rules;

■

governmental monetary and fiscal policies, as well as legislative and regulatory changes;

■

effects of short- and long-term federal budget and tax negotiations and their effect on economic and business conditions;

■

the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;

■

the impact of new or changes in existing laws and regulations, including laws and regulations concerning taxes, banking, securities and insurance and their application with which the Company and its subsidiaries must comply;

■

the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters;

■

the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market area and elsewhere, including institutions operating locally, regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the internet;

■

the effects of economic conditions of any other pandemic, epidemic or other health-related crisis such as COVID-19 and responses thereto on current customers and the operations of the Company, specifically the effect of the economy on loan customers’ ability to repay loans;

■

the effects of bank failures, banking system instability, deposit fluctuations, loan and securities value changes;

■

technological changes;

■

the interruption or breach in security of our information systems, continually evolving cybersecurity and other technological risks and attacks resulting in failures or disruptions in customer account management, general ledger processing and loan or deposit updates and potential impacts resulting therefrom including additional costs, reputational damage, regulatory penalties, and financial losses;

■

acquisitions and integration of acquired businesses;

■

the failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities;

■

acts of war, terrorism, or armed conflict; and

■

the risk that our analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

The Company cautions readers not to place undue reliance on forward-looking statements, which reflect analyses only as of the date of this release. The Company has no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.

For more information please visit our investor relations web site located through www.bankatfidelity.com.

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:

March 31, 2026

December 31, 2025

Assets

Cash and cash equivalents

154,995

148,060

Investment securities

512,308

523,946

Restricted investments in bank stock

4,482

4,373

Loans and leases

2,023,671

1,911,724

Allowance for credit losses on loans

(20,942

)

(20,168

)

Premises and equipment, net

52,738

48,950

Life insurance cash surrender value

59,792

59,396

Goodwill and core deposit intangible

20,181

20,242

Other assets

52,040

51,535

Total assets

2,859,265

2,748,058

Liabilities

Non-interest-bearing deposits

574,808

552,581

Interest-bearing deposits

2,001,686

1,914,772

Total deposits

2,576,494

2,467,353

Short-term borrowings

Secured borrowings

4,825

5,995

Other liabilities

33,284

35,830

Total liabilities

2,614,613

2,509,198

Shareholders' equity

244,652

238,860

Total liabilities and shareholders' equity

2,859,265

2,748,058

Average Year-To-Date Balances:

March 31, 2026

December 31, 2025

Assets

Cash and cash equivalents

175,362

133,171

Investment securities

523,776

544,390

Restricted investments in bank stock

4,427

4,189

Loans and leases

1,945,837

1,866,637

Allowance for credit losses on loans

(20,289

)

(20,315

)

Premises and equipment, net

50,358

40,457

Life insurance cash surrender value

59,656

58,786

Goodwill and core deposit intangible

20,203

20,358

Other assets

50,183

42,032

Total assets

2,809,513

2,689,705

Liabilities

Non-interest-bearing deposits

558,264

543,794

Interest-bearing deposits

1,964,972

1,884,507

Total deposits

2,523,236

2,428,301

Short-term borrowings

Secured borrowings

5,557

6,127

Other liabilities

36,931

36,296

Total liabilities

2,565,740

2,470,741

Shareholders' equity

243,773

218,964

Total liabilities and shareholders' equity

2,809,513

2,689,705

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Statements of Income

(dollars in thousands)

Three Months Ended

Mar. 31, 2026

Mar. 31, 2025

Interest income

Loans and leases

26,618

24,596

Securities and other

3,842

3,712

Total interest income

30,460

28,308

Interest expense

Deposits

(10,981

)

(11,187

)

Borrowings

(73

)

(88

)

Total interest expense

(11,054

)

(11,275

)

Net interest income

19,406

17,033

Provision for credit losses on loans

(875

)

(455

)

Net (provision) benefit for credit losses on unfunded loan commitments

(90

)

Non-interest income

5,189

4,973

Non-interest expense

(15,191

)

(14,554

)

Income before income taxes

8,439

7,082

Provision for income taxes

(979

)

(1,091

)

Net income

7,460

5,991

Three Months Ended

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Interest income

Loans and leases

26,618

27,269

26,660

25,328

24,596

Securities and other

3,842

3,815

4,022

4,437

3,712

Total interest income

30,460

31,084

30,682

29,765

28,308

Interest expense

Deposits

(10,981

)

(11,717

)

(12,158

)

(11,738

)

(11,187

)

Borrowings

(73

)

(87

)

(95

)

(98

)

(88

)

Total interest expense

(11,054

)

(11,804

)

(12,253

)

(11,836

)

(11,275

)

Net interest income

19,406

19,280

18,429

17,929

17,033

Provision for credit losses on loans

(875

)

(100

)

(200

)

(300

)

(455

)

Net (provision) benefit for credit losses on unfunded loan commitments

(90

)

(170

)

(110

)

(20

)

Non-interest income

5,189

5,122

5,105

5,359

4,973

Non-interest expense

(15,191

)

(14,921

)

(14,632

)

(14,710

)

(14,554

)

Income before income taxes

8,439

9,211

8,592

8,258

7,082

Provision for income taxes

(979

)

(1,271

)

(1,246

)

(1,337

)

(1,091

)

Net income

7,460

7,940

7,346

6,921

5,991

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Assets

Cash and cash equivalents

154,995

148,060

142,161

165,495

211,195

Investment securities

512,308

523,946

529,263

545,821

540,960

Restricted investments in bank stock

4,482

4,373

4,301

4,240

4,021

Loans and leases

2,023,671

1,911,724

1,914,893

1,837,477

1,817,509

Allowance for credit losses on loans

(20,942

)

(20,168

)

(20,218

)

(19,976

)

(20,017

)

Premises and equipment, net

52,738

48,950

45,422

40,097

34,995

Life insurance cash surrender value

59,792

59,396

58,995

58,849

58,458

Goodwill and core deposit intangible

20,181

20,242

20,303

20,364

20,431

Other assets

52,040

51,535

41,630

46,208

43,758

Total assets

2,859,265

2,748,058

2,736,750

2,698,575

2,711,310

Liabilities

Non-interest-bearing deposits

574,808

552,581

539,118

558,074

555,684

Interest-bearing deposits

2,001,686

1,914,772

1,927,795

1,877,254

1,901,775

Total deposits

2,576,494

2,467,353

2,466,913

2,435,328

2,457,459

Short-term borrowings

Secured borrowings

4,825

5,995

6,059

6,134

6,190

Other liabilities

33,284

35,830

34,511

39,191

35,977

Total liabilities

2,614,613

2,509,198

2,507,503

2,480,663

2,499,636

Shareholders' equity

244,652

238,860

229,247

217,912

211,674

Total liabilities and shareholders' equity

2,859,265

2,748,058

2,736,750

2,698,575

2,711,310

Average Quarterly Balances:

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Assets

Cash and cash equivalents

175,362

150,706

122,808

161,316

97,384

Investment securities

523,776

529,518

544,476

546,149

557,726

Restricted investments in bank stock

4,427

4,345

4,277

4,158

3,973

Loans and leases

1,945,837

1,927,366

1,892,439

1,832,162

1,813,040

Allowance for credit losses on loans

(20,289

)

(20,478

)

(20,400

)

(20,357

)

(20,019

)

Premises and equipment, net

50,358

47,400

42,602

35,954

35,722

Life insurance cash surrender value

59,656

59,255

58,875

58,697

58,307

Goodwill and core deposit intangible

20,203

20,263

20,325

20,386

20,459

Other assets

50,183

39,527

42,724

42,729

43,177

Total assets

2,809,513

2,757,902

2,708,126

2,681,194

2,609,769

Liabilities

Non-interest-bearing deposits

558,264

549,911

544,511

547,278

533,286

Interest-bearing deposits

1,964,972

1,930,040

1,901,166

1,878,548

1,826,957

Total deposits

2,523,236

2,479,951

2,445,677

2,425,826

2,360,243

Short-term borrowings

Secured borrowings

5,557

6,028

6,093

6,162

6,226

Other liabilities

36,931

37,754

36,415

36,050

34,937

Total liabilities

2,565,740

2,523,753

2,488,201

2,468,048

2,401,428

Shareholders' equity

243,773

234,149

219,925

213,146

208,341

Total liabilities and shareholders' equity

2,809,513

2,757,902

2,708,126

2,681,194

2,609,769

FIDELITY D & D BANCORP, INC.

Selected Financial Ratios and Other Financial Data

Three Months Ended

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Selected returns and financial ratios

Basic earnings per share

1.29

1.38

1.27

1.20

1.04

Diluted earnings per share

1.28

1.37

1.27

1.20

1.03

Dividends per share

0.43

0.40

Yield on interest-earning assets (FTE)*

4.77

4.83

4.77

4.73

Cost of interest-bearing liabilities

2.27

2.42

2.55

2.52

2.49

Cost of funds

1.77

1.88

1.98

1.95

1.93

Net interest spread (FTE)*

2.50

2.41

2.28

2.25

2.24

Net interest margin (FTE)*

3.08

3.04

2.95

2.92

2.89

Return on average assets

1.08

1.14

1.08

1.04

0.93

Pre-provision net revenue to average assets*

1.36

1.30

1.28

1.16

Return on average equity

12.41

13.45

13.25

13.02

11.66

Return on average tangible equity*

13.53

14.73

14.60

14.40

12.93

Efficiency ratio (FTE)*

58.53

58.35

60.17

61.17

61.67

Expense ratio

1.36

1.39

1.40

1.37

Other financial data

At period end:

(dollars in thousands except per share data)

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Assets under management

1,096,776

1,058,881

1,037,414

1,030,268

955,647

Book value per share

42.14

41.39

39.75

37.78

36.70

Tangible book value per share*

38.67

37.88

36.23

34.25

33.16

Equity to assets

8.56

8.69

8.38

8.08

7.81

Tangible common equity ratio*

7.91

8.01

7.69

7.38

7.11

Allowance for credit losses on loans to:

Total loans

1.04

1.06

1.09

1.10

Non-accrual loans

8.65x

10.66x

7.78x

6.50x

3.36x

Non-accrual loans to total loans

0.12

0.10

0.14

0.17

0.33

Non-performing assets to total assets

0.09

0.08

0.11

0.13

0.23

Net charge-offs to average total loans

0.02

0.03

0.05

0.02

Capital Adequacy Ratios

Total risk-based capital ratio

14.45

14.78

14.52

14.72

14.74

Common equity tier 1 risk-based capital ratio

13.33

13.65

13.39

13.57

Tier 1 risk-based capital ratio

13.33

13.65

13.39

13.57

Leverage ratio

9.38

9.34

9.27

9.16

9.22

* Non-GAAP Financial Measures - see reconciliations below

FIDELITY D & D BANCORP, INC.

Reconciliations of Non-GAAP Financial Measures to GAAP

Reconciliations of Non-GAAP Measures to GAAP

Three Months Ended

(dollars in thousands)

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

FTE net interest income (non-GAAP)

Interest income (GAAP)

30,460

31,084

30,682

29,765

28,308

Adjustment to FTE

784

800

785

760

771

Interest income adjusted to FTE (non-GAAP)

31,244

31,884

31,467

30,525

29,079

Interest expense (GAAP)

11,054

11,804

12,253

11,836

11,275

Net interest income adjusted to FTE (non-GAAP)

20,190

20,080

19,214

18,689

17,804

Efficiency Ratio (non-GAAP)

Non-interest expenses (GAAP)

15,191

14,921

14,632

14,710

14,554

Net interest income (GAAP)

19,406

19,280

18,429

17,929

17,033

Plus: taxable equivalent adjustment

784

800

785

760

771

Non-interest income (GAAP)

5,189

5,122

5,105

5,359

4,973

Loss (Gain) on sales of securities

577

371

)

822

Net interest income (FTE) plus adjusted non-interest income (non-GAAP)

25,956

25,573

24,316

24,048

23,599

Efficiency ratio (non-GAAP) (1)

58.53

58.35

60.17

61.17

61.67

(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing non-interest expense by the sum of net interest income, on an FTE basis, and adjusted non-interest income.

Tangible Book Value per Share/Tangible Common Equity Ratio (non-GAAP)

Total assets (GAAP)

2,859,265

2,748,058

2,736,750

2,698,575

2,711,310

Less: Intangible assets

(20,181

)

(20,242

)

(20,303

)

(20,364

)

(20,431

)

Tangible assets

2,839,084

2,727,816

2,716,447

2,678,211

2,690,879

Total shareholders' equity (GAAP)

244,652

238,860

229,247

217,912

211,674

Less: Intangible assets

(20,181

)

(20,242

)

(20,303

)

(20,364

)

(20,431

)

Tangible common equity

224,471

218,618

208,944

197,548

191,243

Common shares outstanding, end of period

5,805,180

5,771,110

5,767,288

5,767,490

5,767,500

Tangible Common Book Value per Share

38.67

37.88

36.23

34.25

33.16

Tangible Common Equity Ratio

7.91

8.01

7.69

7.38

7.11

Pre-Provision Net Revenue to Average Assets

Income before taxes (GAAP)

8,439

9,211

8,592

8,258

7,082

Plus: Provision for credit losses

965

270

310

320

370

Total pre-provision net revenue (non-GAAP)

9,404

9,481

8,902

8,578

7,452

Total (annualized) (non-GAAP)

38,139

37,615

35,316

34,404

30,220

Average assets

2,809,513

2,757,902

2,708,126

2,681,194

2,609,769

Pre-Provision Net Revenue to Average Assets (non-GAAP)

1.36

1.30

1.28

1.16

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 8

v3.26.1

Document And Entity Information

Apr. 22, 2026

Document Information [Line Items]

Entity, Registrant Name

FIDELITY D & D BANCORP, INC.

Document, Type

8-K

Document, Period End Date

Apr. 22, 2026

Entity, Incorporation, State or Country Code

Entity, File Number

001-38229

Entity, Tax Identification Number

23-3017653

Entity, Address, Address Line One

Blakely and Drinker Streets

Entity, Address, City or Town

Dunmore

Entity, Address, State or Province

Entity, Address, Postal Zip Code

18512

City Area Code

570

Local Phone Number

342-8281

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Common Stock

Trading Symbol

FDBC

Security Exchange Name

NASDAQ

Entity, Emerging Growth Company

false

Amendment Flag

false

Entity, Central Index Key

0001098151

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration