Overview

* Fidelity D&D Bancorp ( FDBC ) Q3 net income rises 48% yr/yr to $7.3 mln

* Net interest income for Q3 increases 19% yr/yr to $18.4 mln

* Provision for credit losses decreases due to improved asset quality

Outlook

* Company did not provide specific guidance

Result Drivers

* NET INTEREST INCOME - Driven by a $196.9 mln increase in average balance of interest-earning assets and a 15 basis points increase in FTE yield

* CREDIT LOSS PROVISIONS - Decrease attributed to improved asset quality, specifically non-performing assets and non-accrual loans

* NON-INTEREST EXPENSES - Increase primarily due to higher salaries and benefits expense driven by banker incentives

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $1.27

Q3 Net $7.34

Income mln

Q3 Net $18.42

Interest mln

Income

Q3 $8.59

Pretax mln

Profit

Q3 -$200,00

Provisio 0

n for

Credit

Losses

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)