FIDELITY D & D BANCORP INC

For the period ended Oct 21, 2026. Filed Oct 21, 2026.

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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.

Oct 21, 2026 · Filed Oct 21, 2026

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Contents

EX-99.1 · Forward-looking statements

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.

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:	September 30, 2026	December 31, 2025
Assets
Cash and cash equivalents	$173,606	$148,060
Investment securities	513,270	523,946
Restricted investments in bank stock	7,729	4,373
Loans and leases	2,175,412	1,911,724
Allowance for credit losses on loans	(22,391)	(20,168)
Premises and equipment, net	48,122	48,950
Life insurance cash surrender value	60,593	59,396
Goodwill and core deposit intangible	20,076	20,242
Other assets	52,002	51,535
Total assets	$3,028,419	$2,748,058
Liabilities
Non-interest-bearing deposits	$593,270	$552,581
Interest-bearing deposits	2,017,002	1,914,772
Total deposits	2,610,272	2,467,353
Short-term borrowings	132,708	20
Secured borrowings	4,709	5,995
Other liabilities	33,746	35,830
Total liabilities	2,781,435	2,509,198
Shareholders' equity	246,984	238,860
Total liabilities and shareholders' equity	$3,028,419	$2,748,058

Average Year-To-Date Balances:	September 30, 2026	December 31, 2025
Assets
Cash and cash equivalents	$117,413	$133,171
Investment securities	513,320	544,390
Restricted investments in bank stock	4,775	4,189
Loans and leases	2,039,312	1,866,637
Allowance for credit losses on loans	(21,217)	(20,315)
Premises and equipment, net	50,249	40,457
Life insurance cash surrender value	60,056	58,786
Goodwill and core deposit intangible	20,147	20,358
Other assets	48,495	42,032
Total assets	$2,832,550	$2,689,705
Liabilities
Non-interest-bearing deposits	$574,072	$543,794
Interest-bearing deposits	1,967,786	1,884,507
Total deposits	2,541,858	2,428,301
Short-term borrowings	964	17
Secured borrowings	5,027	6,127
Other liabilities	36,165	36,296
Total liabilities	2,584,014	2,470,741
Shareholders' equity	248,536	218,964
Total liabilities and shareholders' equity	$2,832,550	$2,689,705

Unaudited Condensed Consolidated Statements of Income

(dollars in thousands)

	Three Months Ended		Nine Months Ended
	Sep. 30, 2026	Sep. 30, 2025	Sep. 30, 2026	Sep. 30, 2025
Interest income
Loans and leases	$30,271	$26,660	$85,364	$76,583
Securities and other	2,836	4,022	9,920	12,172
Total interest income	33,107	30,682	95,284	88,755
Interest expense
Deposits	(11,219)	(12,158)	(33,087)	(35,083)
Borrowings	(76)	(95)	(222)	(281)
Total interest expense	(11,295)	(12,253)	(33,309)	(35,364)
Net interest income	21,812	18,429	61,975	53,391
Provision for credit losses on loans	(1,109)	(200)	(2,384)	(955)
Net benefit (provision) for credit losses on unfunded loan commitments	50	(110)	(380)	(45)
Non-interest income	6,124	5,105	16,796	15,437
Non-interest expense	(16,108)	(14,632)	(47,291)	(43,896)
Income before income taxes	10,769	8,592	28,716	23,932
Provision for income taxes	(1,851)	(1,246)	(4,489)	(3,674)
Net income	$8,918	$7,346	$24,227	$20,258

	Three Months Ended
	Sep. 30, 2026	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Sep. 30, 2025
Interest income
Loans and leases	$30,271	$28,475	$26,618	$27,269	$26,660
Securities and other	2,836	3,242	3,842	3,815	4,022
Total interest income	33,107	31,717	30,460	31,084	30,682
Interest expense
Deposits	(11,219)	(10,887)	(10,981)	(11,717)	(12,158)
Borrowings	(76)	(73)	(73)	(87)	(95)
Total interest expense	(11,295)	(10,960)	(11,054)	(11,804)	(12,253)
Net interest income	21,812	20,757	19,406	19,280	18,429
Provision for credit losses on loans	(1,109)	(400)	(875)	(100)	(200)
Net benefit (provision) for credit losses on unfunded loan commitments	50	(340)	(90)	(170)	(110)
Non-interest income	6,124	5,483	5,189	5,122	5,105
Non-interest expense	(16,108)	(15,992)	(15,191)	(14,921)	(14,632)
Income before income taxes	10,769	9,508	8,439	9,211	8,592
Provision for income taxes	(1,851)	(1,659)	(979)	(1,271)	(1,246)
Net income	$8,918	$7,849	$7,460	$7,940	$7,346

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:	Sep. 30, 2026	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Sep. 30, 2025
Assets
Cash and cash equivalents	$173,606	$207,660	$154,995	$148,060	$142,161
Investment securities	513,270	509,032	512,308	523,946	529,263
Restricted investments in bank stock	7,729	9,464	4,482	4,373	4,301
Loans and leases	2,175,412	2,088,893	2,023,671	1,911,724	1,914,893
Allowance for credit losses on loans	(22,391)	(21,314)	(20,942)	(20,168)	(20,218)
Premises and equipment, net	48,122	45,929	52,738	48,950	45,422
Life insurance cash surrender value	60,593	60,189	59,792	59,396	58,995
Goodwill and core deposit intangible	20,076	20,126	20,181	20,242	20,303
Other assets	52,002	51,245	52,040	51,535	41,630
Total assets	$3,028,419	$2,971,224	$2,859,265	$2,748,058	$2,736,750
Liabilities
Non-interest-bearing deposits	$593,270	$582,920	$574,808	$552,581	$539,118
Interest-bearing deposits	2,017,002	1,975,732	2,001,686	1,914,772	1,927,795
Total deposits	2,610,272	2,558,652	2,576,494	2,467,353	2,466,913
Short-term borrowings	132,708	119,802	10	20	20
Secured borrowings	4,709	4,767	4,825	5,995	6,059
Other liabilities	33,746	35,098	33,284	35,830	34,511
Total liabilities	2,781,435	2,718,319	2,614,613	2,509,198	2,507,503
Shareholders' equity	246,984	252,905	244,652	238,860	229,247
Total liabilities and shareholders' equity	$3,028,419	$2,971,224	$2,859,265	$2,748,058	$2,736,750

Average Quarterly Balances:	Sep. 30, 2026	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Sep. 30, 2025
Assets
Cash and cash equivalents	$62,996	$115,115	$175,362	$150,706	$122,808
Investment securities	505,408	510,978	523,776	529,518	544,476
Restricted investments in bank stock	5,255	4,633	4,427	4,345	4,277
Loans and leases	2,129,763	2,040,314	1,945,837	1,927,366	1,892,439
Allowance for credit losses on loans	(21,952)	(21,394)	(20,289)	(20,478)	(20,400)
Premises and equipment, net	46,928	53,498	50,358	47,400	42,602
Life insurance cash surrender value	60,451	60,051	59,656	59,255	58,875
Goodwill and core deposit intangible	20,094	20,143	20,203	20,263	20,325
Other assets	49,158	46,163	50,183	39,527	42,724
Total assets	$2,858,101	$2,829,501	$2,809,513	$2,757,902	$2,708,126
Liabilities
Non-interest-bearing deposits	$583,802	$579,871	$558,264	$549,911	$544,511
Interest-bearing deposits	1,977,585	1,960,662	1,964,972	1,930,040	1,901,166
Total deposits	2,561,387	2,540,533	2,523,236	2,479,951	2,445,677
Short-term borrowings	1,517	1,343	16	20	16
Secured borrowings	4,738	4,796	5,557	6,028	6,093
Other liabilities	37,050	34,509	36,931	37,754	36,415
Total liabilities	2,604,692	2,581,181	2,565,740	2,523,753	2,488,201
Shareholders' equity	253,409	248,320	243,773	234,149	219,925
Total liabilities and shareholders' equity	$2,858,101	$2,829,501	$2,809,513	$2,757,902	$2,708,126

Selected Financial Ratios and Other Financial Data

	Three Months Ended
	Sep. 30, 2026	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Sep. 30, 2025
Selected returns and financial ratios
Basic earnings per share	$1.54	$1.34	$1.29	$1.38	$1.27
Diluted earnings per share	$1.53	$1.33	$1.28	$1.37	$1.27
Dividends per share	$0.43	$0.43	$0.43	$0.43	$0.40
Yield on interest-earning assets (FTE)*	4.95%	4.86%	4.77%	4.83%	4.83%
Cost of interest-bearing liabilities	2.26%	2.24%	2.27%	2.42%	2.55%
Cost of funds	1.75%	1.73%	1.77%	1.88%	1.98%
Net interest spread (FTE)*	2.69%	2.62%	2.50%	2.41%	2.28%
Net interest margin (FTE)*	3.30%	3.22%	3.08%	3.04%	2.95%
Return on average assets	1.24%	1.11%	1.08%	1.14%	1.08%
Pre-provision net revenue to average assets*	1.64%	1.45%	1.36%	1.36%	1.30%
Return on average equity	13.96%	12.68%	12.41%	13.45%	13.25%
Return on average tangible equity*	15.16%	13.80%	13.53%	14.73%	14.60%
Efficiency ratio (FTE)*	56.11%	59.19%	58.53%	58.35%	60.17%
Expense ratio	1.38%	1.49%	1.36%	1.36%	1.39%

	Nine months ended
	Sep. 30, 2026	Sep. 30, 2025
Basic earnings per share	$4.18	$3.51
Diluted earnings per share	$4.16	$3.50
Dividends per share	$1.29	$1.20
Yield on interest-earning assets (FTE)*	4.86%	4.78%
Cost of interest-bearing liabilities	2.26%	2.52%
Cost of funds	1.75%	1.96%
Net interest spread (FTE)*	2.60%	2.26%
Net interest margin (FTE)*	3.20%	2.92%
Return on average assets	1.14%	1.02%
Pre-provision net revenue to average assets*	1.49%	1.25%
Return on average equity	13.03%	12.67%
Return on average tangible equity*	14.18%	14.00%
Efficiency ratio (FTE)*	57.90%	61.00%
Expense ratio	1.41%	1.39%

Other financial data	At period end:
(dollars in thousands except per share data)	Sep. 30, 2026	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Sep. 30, 2025
Assets under management	$1,161,520	$1,219,415	$1,096,776	$1,058,881	$1,037,414
Book value per share	$42.52	$43.54	$42.14	$41.39	$39.75
Tangible book value per share*	$39.06	$40.08	$38.67	$37.88	$36.23
Equity to assets	8.16%	8.51%	8.56%	8.69%	8.38%
Tangible common equity ratio*	7.54%	7.89%	7.91%	8.01%	7.69%
Allowance for credit losses on loans to:
Total loans	1.03%	1.02%	1.04%	1.06%	1.06%
Non-accrual loans	8.72x	12.23x	8.65x	10.66x	7.78x
Non-accrual loans to total loans	0.12%	0.08%	0.12%	0.10%	0.14%
Non-performing assets to total assets	0.08%	0.06%	0.09%	0.08%	0.11%
Net charge-offs to average total loans	0.01%	0.01%	0.02%	0.03%	0.03%
Capital Adequacy Ratios
Total risk-based capital ratio	14.10%	14.29%	14.45%	14.78%	14.52%
Common equity tier 1 risk-based capital ratio	12.97%	13.17%	13.33%	13.65%	13.39%
Tier 1 risk-based capital ratio	12.97%	13.17%	13.33%	13.65%	13.39%
Leverage ratio	9.64%	9.51%	9.38%	9.34%	9.27%

* Non-GAAP Financial Measures - see reconciliations below

Reconciliations of Non-GAAP Financial Measures to GAAP

Reconciliations of Non-GAAP Measures to GAAP	Three Months Ended
(dollars in thousands)	Sep. 30, 2026	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025	Sep. 30, 2025
FTE net interest income (non-GAAP)
Interest income (GAAP)	$33,107	$31,717	$30,460	$31,084	$30,682
Adjustment to FTE	774	777	784	800	785
Interest income adjusted to FTE (non-GAAP)	33,881	32,494	31,244	31,884	31,467
Interest expense (GAAP)	11,295	10,960	11,054	11,804	12,253
Net interest income adjusted to FTE (non-GAAP)	$22,586	$21,534	$20,190	$20,080	$19,214
Efficiency Ratio (non-GAAP)
Non-interest expenses (GAAP)	$16,108	$15,992	$15,191	$14,921	$14,632
Net interest income (GAAP)	21,812	20,757	19,406	19,280	18,429
Plus: taxable equivalent adjustment	774	777	784	800	785
Non-interest income (GAAP)	6,124	5,483	5,189	5,122	5,105
Plus: Loss (gain) on sales of securities	-	-	577	371	(3)
Net interest income (FTE) plus adjusted non-interest income (non-GAAP)	$28,710	$27,017	$25,956	$25,573	$24,316
Efficiency ratio (non-GAAP) (1)	56.11%	59.19%	58.53%	58.35%	60.17%
(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)	$3,028,419	$2,971,224	$2,859,265	$2,748,058	$2,736,750
Less: Intangible assets	(20,076)	(20,126)	(20,181)	(20,242)	(20,303)
Tangible assets	3,008,343	2,951,098	2,839,084	2,727,816	2,716,447
Total shareholders' equity (GAAP)	246,984	252,905	244,652	238,860	229,247
Less: Intangible assets	(20,076)	(20,126)	(20,181)	(20,242)	(20,303)
Tangible common equity	226,908	232,779	224,471	218,618	208,944
Common shares outstanding, end of period	5,808,508	5,808,518	5,805,180	5,771,110	5,767,288
Tangible Common Book Value per Share	$39.06	$40.08	$38.67	$37.88	$36.23
Tangible Common Equity Ratio	7.54%	7.89%	7.91%	8.01%	7.69%
Pre-Provision Net Revenue to Average Assets
Income before taxes (GAAP)	$10,769	$9,508	$8,439	$9,211	$8,592
Plus: Provision for credit losses	1,059	740	965	270	310
Total pre-provision net revenue (non-GAAP)	11,828	10,248	9,404	9,481	8,902
Total (annualized) (non-GAAP)	$46,925	$41,103	$38,139	$37,615	$35,316
Average assets	$2,858,101	$2,829,501	$2,809,513	$2,757,902	$2,708,126
Pre-Provision Net Revenue to Average Assets (non-GAAP)	1.64%	1.45%	1.36%	1.36%	1.30%

Reconciliations of Non-GAAP Measures to GAAP	Nine months ended
(dollars in thousands)	Sep. 30, 2026	Sep. 30, 2025
FTE net interest income (non-GAAP)
Interest income (GAAP)	$95,284	$88,755
Adjustment to FTE	2,335	2,316
Interest income adjusted to FTE (non-GAAP)	97,619	91,071
Interest expense (GAAP)	33,309	35,364
Net interest income adjusted to FTE (non-GAAP)	$64,310	55,707
Efficiency Ratio (non-GAAP)
Non-interest expenses (GAAP)	$47,291	$43,896
Net interest income (GAAP)	61,975	53,391
Plus: taxable equivalent adjustment	2,335	2,316
Non-interest income (GAAP)	16,796	15,437
Plus: Loss on sales of securities	577	819
Net interest income (FTE) plus non-interest income (non-GAAP)	$81,683	$71,963
Efficiency ratio (non-GAAP) (1)	57.90%	61.00%
(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 (loss) income.
Pre-Provision Net Revenue to Average Assets
Income before taxes (GAAP)	$28,716	$23,932
Plus: Provision for credit losses	2,764	1,000
Total pre-provision net revenue (non-GAAP)	$31,480	$24,932
Total (annualized) (non-GAAP)	$42,088	$33,334
Average assets	$2,832,550	$2,666,723
Pre-Provision Net Revenue to Average Assets (non-GAAP)	1.49%	1.25%

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.