New insider activity at Fidelity D & D Bancorp ( (FDBC) ) has taken place on February 21, 2025.
Vice Chairman Michael J. McDonald has made a notable investment in Fidelity D & D Bancorp by purchasing 1,000 shares of the company’s stock, valued at $45,000. This transaction highlights McDonald’s confidence in the company’s future prospects.
Recent Updates on FDBC stock
Fidelity D & D Bancorp reported a strong financial performance for 2024, with a 14% increase in net income to $20.8 million compared to the previous year. This was driven by a 67% rise in non-interest income due to the absence of losses from securities sales experienced in 2023. The company’s ability to manage operational costs effectively was demonstrated by a 7% increase in non-interest expenses being offset by higher net income. Total assets grew to $2.6 billion, supported by significant loan portfolio growth. The bank maintained a strong capital base and asset quality, positioning itself well for future growth despite broader economic challenges. The management is optimistic about leveraging the strategic successes of 2024 to focus on deposit and lending growth, enhancing shareholder value, and maintaining community service commitments.
More about Fidelity D & D Bancorp
YTD Price Performance: -7.81%
Average Trading Volume: 7,533
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $258.6M