Fidelity D & D Bancorp (FDBC) AGM 2025 Presentation summary

Financial performance and growth

• Net income rose by $2.6 million (14%) in 2024, with Q1 2025 net income up 18% year-over-year.

• Earnings per share increased 13% in 2024 and 17% in Q1 2025 compared to prior year periods.

• Total assets reached $2.6 billion in 2024, up 3.28%, and $2.7 billion in Q1 2025, up 9.82% year-over-year.

• Gross loans grew 6.8% in 2024, with a loan-to-deposit ratio of 76.9%.

• Deposits increased 8.5% in 2024, with 73% of deposits FDIC insured or collateralized as of Q1 2025.

Balance sheet and capital strength

• Commercial loans comprise 56.8% and retail loans 43.2% of the portfolio; average FICO scores remain strong.

• Nonperforming assets/total assets at 0.17% in 2024, with allowance for loan losses/gross loans at 1.07%.

• Total capital ratio at 14.35%, tier 1 leverage ratio at 8.69%, and tangible equity/tangible assets at 7.94% in 2024.

• Dividends per share have increased for 10 consecutive years, reaching $1.54 in 2024.

Strategic initiatives and digital transformation

• Focus on strengthening core foundation, investing in talent, and optimizing growth engines.

• Enhanced digital adoption: 50.6% increase in business app users and 15% rise in mobile deposits from 2022 to 2024.

• Wealth management non-interest income grew at a 17% CAGR from 2020 to 2024.

• Ongoing branch relocations, renovations, and new market entries to support growth.