Overview

* Fidelity D&D Q2 net income rises 40% yr/yr to $6.9 mln

* EPS for Q2 increases to $1.20, driven by higher net interest income

* Company's shareholders' equity up 7%, reflecting strong capital position

Outlook

* Company expects continued growth in second half of 2025

* Company emphasizes relationship-based deposit strategy for future growth

Result Drivers

* NET INTEREST INCOME - Driven by disciplined loan portfolio expansion and enhanced yields, net interest income rose 19%

* NON-INTEREST INCOME - Increased 16% due to higher trust fees, BOLI death benefit, and loan service charges

* EXPENSES - Non-interest expenses rose 8% due to higher salaries, benefits, and advertising costs

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $1.2

Q2 Net $6.92

Income mln

Q2 Net $17.93

Interest mln

Income

Q2 $8.26

Pretax mln

Profit

Q2 $300,000

Provisio

n for

Credit

Losses

Press Release:

(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.)