Net interest income has grown to $19.4 million in 2026Q1 from $14.9 million in 2023Q4, while the efficiency ratio improved to 42.6% from 56.5% over the same period.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 |
|---|
| Net Interest Income | 75.04M | 72.67M | 61.87M | 62.05M | 72.27M | 61.83M | 44.19M | 31.71M | 30.46M | 27.84M | 25.14M | 23.48M | 21.93M | 20.89M | 20.64M | 20.84M | 20.75M | 19.11M | 19.28M | 17.62M | 17.17M | 17.3M | 16.22M | 14.22M | 16.68M | 15.53M | 13.62M |
| NII Growth % | 69.71% | 17.47% | -0.29% | -14.15% | 16.89% | 39.93% | 39.32% | 4.13% | 9.4% | 10.76% | 7.03% | 7.11% | 4.99% | 1.19% | -0.97% | 0.43% | 8.59% | -0.86% | 9.41% | 2.63% | -0.76% | 6.68% | 13.99% | -14.74% | 7.46% | 14.02% | - |
| Net Interest Margin % | 2.62% | 2.64% | 2.39% | 2.48% | 3.04% | 2.56% | 2.6% | 3.14% | 3.1% | 3.22% | 3.17% | 3.22% | 3.24% | 3.35% | 3.43% | 3.44% | 3.69% | 3.44% | 3.35% | 3% | 3.05% | 3.18% | 3.02% | 2.47% | 2.89% | 2.73% | 2.77% |
| Interest Income | 121.99M | 119.84M | 107.02M | 93.83M | 78.67M | 65.47M | 49.5M | 39.27M | 35.33M | 31.06M | 27.5M | 26.01M | 24.84M | 23.85M | 23.99M | 25.6M | 27.58M | 29.91M | 33.96M | 35.28M | 33.53M | 29.02M | 27.4M | 28.46M | 34.57M | 36.38M | 35.09M |
| Interest Expense | 46.95M | 47.17M | 45.16M | 31.79M | 6.4M | 3.64M | 5.31M | 7.55M | 4.87M | 3.22M | 2.36M | 2.53M | 2.92M | 2.97M | 3.35M | 4.76M | 6.83M | 10.8M | 14.68M | 17.66M | 16.36M | 11.72M | 11.18M | 14.24M | 17.88M | 20.85M | 21.47M |
| Loan Loss Provision | 1.35M | 1.27M | 493K | 427K | 464K | -2.17M | 1.65M | 229K | 805K | 572K | 16K | -116K | 415K | 1.15M | 1.48M | 1M | 1.29M | 5.05M | 940K | -60K | 325K | 830K | 2.15M | 3.71M | 1.66M | 2.47M | 1.16M |
| Non-Interest Income | 20.27M | 20.56M | 18.05M | 10.72M | 15.21M | 14.3M | 11.21M | 9.35M | 8.57M | 7.65M | 7M | 6.37M | 6.75M | 9.15M | 5.9M | 4.9M | -7.06M | 5.46M | 5.01M | 5.21M | 4.52M | 4.15M | 4.15M | 4.18M | 3.3M | 3.7M | 2.94M |
| Non-Interest Income % | 14.25% | 14.64% | 14.43% | 10.25% | 16.2% | 17.93% | 18.46% | 19.23% | 19.53% | 19.77% | 20.3% | 19.67% | 21.36% | 27.72% | 19.74% | 16.07% | -34.39% | 15.44% | 12.86% | 12.86% | 11.88% | 12.51% | 13.16% | 12.81% | 8.72% | 9.24% | 7.73% |
| Total Revenue | 142.26M | 140.4M | 125.08M | 104.56M | 93.89M | 79.77M | 60.7M | 48.62M | 43.9M | 38.72M | 34.5M | 32.38M | 31.59M | 33M | 29.9M | 30.51M | 20.52M | 35.37M | 38.98M | 40.48M | 38.05M | 33.17M | 31.55M | 32.65M | 37.87M | 40.08M | 38.03M |
| Revenue Growth % | 47.09% | 12.25% | 19.62% | 11.37% | 17.7% | 31.41% | 24.85% | 10.74% | 13.39% | 12.24% | 6.53% | 2.5% | -4.27% | 10.39% | -2% | 48.64% | -41.98% | -9.25% | -3.73% | 6.39% | 14.71% | 5.14% | -3.36% | -13.8% | -5.52% | 5.41% | - |
| Non-Interest Expense | 59.47M | 58.82M | 55.55M | 52.09M | 51.56M | 50.29M | 38.46M | 26.93M | 25.09M | 25M | 21.66M | 21.05M | 19.74M | 19.13M | 18.6M | 18.05M | 18.17M | 22.54M | 18.65M | 16.64M | 15.88M | 14.56M | 13.82M | 12.9M | 12.75M | 12M | 11.63M |
| Efficiency Ratio | 41.8% | 41.89% | 44.42% | 49.82% | 54.91% | 63.05% | 63.36% | 55.4% | 57.15% | 64.57% | 62.79% | 65% | 62.49% | 57.96% | 62.21% | 59.18% | 88.53% | 63.73% | 47.84% | 41.09% | 41.73% | 43.9% | 43.8% | 39.53% | 33.67% | 29.94% | 30.6% |
| Operating Income | 34.5M | 33.14M | 23.88M | 20.26M | 35.47M | 28.01M | 15.28M | 13.9M | 13.13M | 9.92M | 10.46M | 8.92M | 8.52M | 9.76M | 6.46M | 6.69M | -5.76M | -3.02M | 4.7M | 6.25M | 5.49M | 6.06M | 4.4M | 1.79M | 5.57M | 4.75M | 3.77M |
| Operating Margin % | 24.25% | 23.61% | 19.1% | 19.37% | 37.78% | 35.11% | 25.18% | 28.59% | 29.92% | 25.63% | 30.33% | 27.55% | 26.96% | 29.56% | 21.61% | 21.93% | -28.07% | -8.53% | 12.07% | 15.43% | 14.42% | 18.26% | 13.95% | 5.48% | 14.71% | 11.86% | 9.9% |
| Operating Income Growth % | - | 38.77% | 17.91% | -42.89% | 26.63% | 83.26% | 9.94% | 5.84% | 32.38% | -5.16% | 17.27% | 4.73% | -12.7% | 51.01% | -3.42% | 216.13% | -90.89% | -164.15% | -24.69% | 13.86% | -9.42% | 37.68% | 145.85% | -67.88% | 17.22% | 26.27% | - |
| Pretax Income | 34.5M | 33.14M | 23.87M | 20.26M | 35.47M | 28.01M | 15.28M | 13.9M | 13.13M | 9.92M | 10.46M | 8.92M | 8.52M | 9.76M | 6.46M | 6.69M | -5.76M | -3.02M | 4.7M | 6.25M | 5.49M | 6.06M | 4.4M | 1.79M | 5.57M | 4.75M | 3.77M |
| Pretax Margin % | 24.25% | 23.61% | 19.09% | 19.37% | 37.78% | 35.11% | 25.18% | 28.59% | 29.92% | 25.63% | 30.33% | 27.55% | 26.96% | 29.56% | 21.61% | 21.93% | -28.07% | -8.53% | 12.07% | 15.43% | 14.42% | 18.26% | 13.95% | 5.48% | 14.71% | 11.86% | 9.9% |
| Income Tax | 4.83M | 4.95M | 3.08M | 2.05M | 5.45M | 4M | 2.25M | 2.33M | 2.13M | 1.21M | 2.77M | 1.82M | 2.17M | 2.63M | 1.56M | 1.65M | -2.56M | -1.62M | 1.07M | 1.64M | 1.36M | 1.47M | 1.04M | 146.49K | 1.53M | 905.87K | 582.39K |
| Effective Tax Rate % | 14.01% | 14.92% | 12.89% | 10.1% | 15.36% | 14.28% | 14.71% | 16.73% | 16.21% | 12.15% | 26.47% | 20.38% | 25.43% | 27.01% | 24.13% | 24.59% | 44.38% | 53.58% | 22.72% | 26.19% | 24.82% | 24.2% | 23.54% | 8.19% | 27.39% | 19.05% | 15.47% |
| Net Income | 29.67M | 28.2M | 20.79M | 18.21M | 30.02M | 24.01M | 13.04M | 11.58M | 11.01M | 8.72M | 7.69M | 7.1M | 6.35M | 7.12M | 4.9M | 5.04M | -3.2M | -1.4M | 3.64M | 4.61M | 4.13M | 4.59M | 3.36M | 1.64M | 4.05M | 3.85M | 3.18M |
| Net Margin % | 20.85% | 20.08% | 16.63% | 17.42% | 31.98% | 30.1% | 21.47% | 23.81% | 25.07% | 22.51% | 22.3% | 21.93% | 20.11% | 21.58% | 16.4% | 16.54% | -15.61% | -3.96% | 9.33% | 11.39% | 10.84% | 13.84% | 10.66% | 5.03% | 10.68% | 9.6% | 8.37% |
| Net Income Growth % | 36.54% | 35.61% | 14.19% | -39.34% | 25.05% | 84.18% | 12.6% | 5.18% | 26.27% | 13.3% | 8.31% | 11.82% | -10.81% | 45.29% | -2.83% | 257.46% | -128.86% | -138.5% | -21.16% | 11.79% | -10.16% | 36.48% | 104.75% | -59.39% | 5.15% | 20.91% | - |
| Net Income (Continuing) | 29.67M | 28.2M | 20.79M | 18.21M | 30.02M | 24.01M | 13.04M | 11.58M | 11.01M | 8.72M | 7.69M | 7.1M | 6.35M | 7.12M | 4.9M | 5.04M | -3.2M | -1.4M | 3.64M | 4.61M | 4.13M | 4.59M | 3.36M | 1.64M | 4.05M | 3.85M | 3.18M |
| EPS (Diluted) | 5.13 | 4.88 | 3.60 | 3.19 | 5.29 | 4.48 | 2.82 | 3.03 | 2.90 | 2.33 | 2.09 | 1.93 | 1.75 | 1.99 | 1.52 | 1.52 | -1.00 | -0.45 | 1.17 | 1.49 | 1.34 | 1.50 | 1.11 | 0.55 | 1.35 | 1.28 | 1.07 |
| EPS Growth % | 36.17% | 35.56% | 12.85% | -39.7% | 18.08% | 58.87% | -6.93% | 4.48% | 24.46% | 11.48% | 8.29% | 10.29% | -12.06% | 30.92% | 0% | 252% | -122.22% | -138.46% | -21.48% | 11.19% | -10.67% | 35.14% | 101.82% | -59.26% | 5.47% | 19.63% | - |
| EPS (Basic) | - | 4.88 | 3.63 | 3.21 | 5.32 | 4.51 | 2.84 | 3.06 | 2.93 | 2.35 | 2.09 | 1.94 | 1.75 | 1.99 | 1.52 | 1.52 | -1.00 | -0.45 | 1.17 | 1.49 | 1.34 | 1.51 | 1.11 | 0.55 | 1.35 | 1.28 | 1.07 |
| Diluted Shares Outstanding | 5.78M | 5.78M | 5.77M | 5.72M | 5.68M | 5.36M | 4.62M | 3.82M | 3.8M | 3.74M | 3.69M | 3.67M | 3.64M | 3.59M | 3.48M | 3.32M | 3.21M | 3.12M | 3.1M | 3.1M | 3.07M | 3.06M | 3.02M | 3.01M | 3M | 2.99M | 2.98M |
CRE Concentration and Provisioning
As reported in recent financial filings, FDBC has demonstrated a consistent upward trajectory in net interest income, which climbed to $19.4 million in 2026Q1 from $14.9 million in 2023Q4, reflecting successful loan volume growth and effective management of funding costs within its core Pennsylvania markets.
The steady expansion of NII suggests that the bank is successfully navigating the interest rate cycle by balancing loan repricing against the competitive pressures of deposit gathering. Investors should monitor whether this growth remains sustainable as the bank pushes into the more competitive Lehigh Valley region, which may necessitate higher deposit betas.
Based on the provided income statement data, FDBC has successfully improved its efficiency ratio from a high of 56.5% in 2023Q4 to 42.6% in 2026Q1, indicating that the bank is achieving better operating leverage despite the costs associated with its recent geographic expansion efforts.
The downward trend in the efficiency ratio implies that revenue growth is currently outpacing the incremental non-interest expenses required to support new branch operations. This operational discipline warrants further investigation to determine if the bank can maintain these levels of productivity as it scales its footprint further.
According to the latest quarterly data, FDBC's provision for loan losses has shifted from a net benefit of $205,000 in 2023Q4 to a $965,000 expense in 2026Q1, suggesting a more cautious approach to credit risk management as the bank's loan portfolio continues to expand.
The transition to higher provision expenses may indicate management's anticipation of potential credit deterioration within its commercial real estate portfolio. Analysts should closely watch whether these provisions are a proactive response to economic headwinds or a sign of emerging asset quality issues in the newer loan vintages.
As evidenced by the income statement, non-interest income has stabilized significantly since the 2023Q4 period, contributing $5.2 million in 2026Q1 and providing a vital, capital-light revenue stream that helps insulate the bank from the inherent volatility of interest rate-sensitive net interest income.
The contribution of the Trust and Wealth Management division appears to be a key differentiator for FDBC, offering a recurring fee base that is less correlated with traditional lending cycles. This segment's performance suggests that the bank's strategy of bundling fiduciary services with core banking is effectively deepening client relationships.
Quick answers to the most common questions about buying FDBC stock.
Fidelity D & D Bancorp, Inc. (FDBC) is profitable, generating $28.2M in net income for the fiscal year ending 2025 with a net profit margin of 20.1%.
Fidelity D & D Bancorp, Inc. (FDBC) reported an operating income of $33.1M, resulting in an operating profit margin of 23.6%. This margin reflects the operational efficiency of the business before interest and taxes.
Fidelity D & D Bancorp, Inc. (FDBC) generated $92.0M in gross profit for the year, representing a gross profit margin of 65.5%. This demonstrates the company's core pricing power and production efficiency.