Detailed financial statements for Fidelity D & D Bancorp, Inc. (FDBC): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
Fidelity D & D Bancorp, Inc. serves as the parent company for The Fidelity Deposit and Discount Bank, offering a comprehensive suite of banking, trust, and financial solutions. Its diverse clientele includes individual consumers, small to medium-sized businesses, and larger corporate entities.
Analysis Summary
Fidelity D & D Bancorp, Inc. reported revenue of $140.4M in the most recent fiscal year, growing at a 5-year CAGR of 18.3%. Net income reached $28.2M, with a 16.7% 5-year CAGR.
Trailing-twelve-month margins: gross margin 66.7%, operating margin 24.7%, net margin 21.2%.
At the current price of $54.74, FDBC trades at a P/E of 10.51 and an ROE of 12.67%. Market capitalisation stands at $318M.
Balance sheet quality for FDBC: current ratio of 0.1, net cash position of $306.9M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is decent: free cash flow of $24.8M represents 88% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.5M | $38.7M | $43.9M | $48.6M | $60.7M | $79.8M | $93.9M | $104.6M | $125.1M | $140.4M |
| Cost of Revenue | $2.4M | $3.8M | $5.7M | $7.8M | $7.0M | $1.5M | $6.9M | $32.2M | $45.6M | $48.4M |
| Gross Profit | $32.1M | $34.9M | $38.2M | $40.8M | $53.7M | $78.3M | $87.0M | $72.3M | $79.4M | $92.0M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $15.2M | $17.6M | $18.3M | $19.6M | $24.4M | $28.0M | $31.1M | $29.9M | $33.0M | $35.4M |
| Operating Expenses | $21.7M | $25.0M | $25.1M | $26.9M | $38.5M | $50.3M | $51.6M | $52.1M | $55.6M | $58.8M |
| Operating Income | $10.5M | $9.9M | $13.1M | $13.9M | $15.3M | $28.0M | $35.5M | $20.3M | $23.9M | $33.1M |
| EBITDA | $13.8M | $13.0M | $16.2M | $17.2M | $19.8M | $33.4M | $40.7M | $26.0M | $29.5M | $38.6M |
| Interest Expense | $2.4M | $3.2M | $4.9M | $7.6M | $5.3M | $3.6M | $6.4M | $31.8M | $45.2M | $47.2M |
| Pre-tax Income | $10.5M | $9.9M | $13.1M | $13.9M | $15.3M | $28.0M | $35.5M | $20.3M | $23.9M | $33.1M |
| Income Tax | $2.8M | $1.2M | $2.1M | $2.3M | $2.2M | $4.0M | $5.4M | $2.0M | $3.1M | $4.9M |
| Net Income | $7.7M | $8.7M | $11.0M | $11.6M | $13.0M | $24.0M | $30.0M | $18.2M | $20.8M | $28.2M |
| EPS | $2.09 | $2.35 | $2.93 | $3.06 | $2.84 | $4.51 | $5.32 | $3.21 | $3.63 | $4.88 |
| EPS (Diluted) | $2.09 | $2.33 | $2.90 | $3.03 | $2.82 | $4.48 | $5.29 | $3.19 | $3.60 | $4.88 |
| Shares Outstanding (Diluted) | $3.7M | $3.7M | $3.8M | $3.8M | $4.6M | $5.4M | $5.7M | $5.7M | $5.8M | $5.8M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Revenue | $35.6M | $36.2M | $35.6M | $37.2M |
| Gross Profit | $23.2M | $24.1M | $23.6M | $25.5M |
| Operating Income | $8.6M | $9.2M | $8.4M | $9.5M |
| EBITDA | $10.0M | $10.5M | $9.9M | $9.5M |
| Net Income | $7.3M | $7.9M | $7.5M | $7.8M |
| EPS | $1.27 | $1.38 | $1.29 | $1.34 |
| EPS (Diluted) | $1.27 | $1.37 | $1.28 | $1.33 |
Balance Sheet (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $25.8M | $15.8M | $17.5M | $15.7M | $69.3M | $96.9M | $29.1M | $111.9M | $83.4M | $148.1M |
| Short-term Investments | $130.0M | $157.4M | $182.8M | $185.1M | $392.4M | $739.0M | $420.9M | $344.0M | $331.5M | $175.7M |
| Receivables | $2.2M | $2.8M | $20.3M | $19.6M | $25.8M | $33.8M | $41.7M | $42.7M | $37.5M | $9.7M |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | $158.1M | $176.0M | $220.6M | $220.4M | $487.6M | $869.6M | $491.7M | $498.7M | $452.3M | $333.5M |
| Property, Plant & Equipment | $17.2M | $16.6M | $19.3M | $27.9M | $35.0M | $39.6M | $41.0M | $43.2M | $45.7M | $58.8M |
| Goodwill | 0 | $209000 | $209000 | $209000 | $7.1M | $19.6M | $19.6M | $19.6M | $19.6M | $19.6M |
| Intangible Assets | 0 | 0 | 0 | 0 | $1.7M | $1.9M | $1.5M | $1.2M | $876000 | $614000 |
| Total Assets | $792.9M | $863.6M | $981.1M | $1.01B | $1.70B | $2.42B | $2.38B | $2.50B | $2.58B | $2.75B |
| Accounts Payable | $4.6M | $6.4M | $9.0M | $7.7M | $10.4M | $15.9M | $17.5M | 0 | 0 | 0 |
| Short-term Debt | $4.2M | $18.5M | $76.4M | $37.8M | 0 | 0 | $12.9M | $117.0M | 0 | $58000 |
| Total Current Liabilities | $712.3M | $755.0M | $855.5M | $881.2M | $1.52B | $2.19B | $2.20B | $2.28B | $2.34B | $2.47B |
| Long-term Debt | 0 | $21.2M | $31.7M | $15.0M | $5.0M | $10.6M | $7.6M | $7.4M | $6.3M | $6.0M |
| Total Liabilities | $712.3M | $776.3M | $887.5M | $903.1M | $1.53B | $2.21B | $2.22B | $2.31B | $2.38B | $2.51B |
| Retained Earnings | $52.1M | $57.2M | $64.9M | $72.4M | $80.0M | $97.4M | $119.8M | $128.3M | $140.1M | $158.8M |
| Total Equity | $80.6M | $87.4M | $93.6M | $106.8M | $166.7M | $211.7M | $162.9M | $189.5M | $204.0M | $238.9M |
| Total Debt | $4.2M | $39.7M | $108.1M | $59.7M | $12.9M | $21.6M | $31.0M | $134.1M | $17.0M | $16.9M |
| Net Debt | -$151.7M | -$133.5M | -$92.2M | -$141.1M | -$448.8M | -$814.3M | -$418.9M | -$321.9M | -$397.8M | -$306.9M |
| Working Capital | -$554.2M | -$579.1M | -$634.9M | -$660.8M | -$1.03B | -$1.32B | -$1.71B | -$1.78B | -$1.89B | -$2.13B |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Cash & Equivalents | $142.2M | $148.1M | $155.0M | $207.7M |
| Total Assets | $2.74B | $2.75B | $2.86B | $2.97B |
| Total Liabilities | $2.51B | $2.51B | $2.61B | $2.72B |
| Total Equity | $229.2M | $238.9M | $244.7M | $252.9M |
| Total Debt | $17.0M | $16.9M | $15.6M | $124.6M |
Cash Flow (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $7.7M | $8.7M | $11.0M | $11.6M | $13.0M | $24.0M | $30.0M | $18.2M | $20.8M | $28.2M |
| Depreciation & Amortization | $3.3M | $3.1M | $3.0M | $3.3M | $4.5M | $5.4M | $5.3M | $5.7M | $5.7M | $5.5M |
| Stock-based Compensation | $519000 | $550000 | $749000 | $817000 | $1.1M | $1.1M | $1.3M | $1.6M | $1.5M | $1.1M |
| Change in Working Capital | -$1.6M | -$3.0M | -$305000 | -$368000 | -$202000 | $3.1M | -$331000 | $408000 | $2.7M | $527000 |
| Operating Cash Flow | $15.9M | $13.9M | $13.7M | $25.8M | $296000 | $7.2M | $49.4M | $29.7M | $29.6M | $42.4M |
| Capital Expenditure | -$1.5M | -$921000 | -$3.6M | -$4.1M | -$1.4M | -$2.5M | -$5.5M | -$7.0M | -$4.7M | -$17.5M |
| Acquisitions | 0 | $11.8M | 0 | 0 | $53.0M | -$3.7M | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | -$175000 | 0 | 0 | -$1.3M | -$239000 | -$79000 | -$121000 |
| Dividends Paid | -$3.1M | -$3.0M | -$3.4M | -$4.0M | -$5.4M | -$6.6M | -$7.7M | -$6.8M | -$8.8M | -$9.4M |
| Free Cash Flow | $14.4M | $13.0M | $10.1M | $21.7M | -$1.1M | $4.7M | $43.9M | $22.7M | $24.9M | $24.8M |
Cash Flow (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Operating Cash Flow | $8.4M | $9.7M | $7.6M | $21.3M |
| Capital Expenditure | -$6.2M | -$173000 | -$4.3M | -$3.4M |
| Free Cash Flow | $2.2M | $9.5M | $3.3M | $17.9M |
| Dividends Paid | -$2.3M | -$2.4M | -$2.5M | -$2.4M |
| Stock-based Compensation | $209000 | $228000 | $338000 | $330000 |
Growth & Margins (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | +12.2% | +13.4% | +10.7% | +24.9% | +31.4% | +17.7% | +11.4% | +19.6% | +12.3% | |
| Net Income Growth (YoY) | +13.3% | +26.3% | +5.2% | +12.6% | +84.2% | +25.0% | -39.3% | +14.2% | +35.6% | |
| EPS Growth (YoY) | +12.4% | +24.7% | +4.4% | -7.2% | +58.8% | +18.0% | -39.7% | +13.1% | +34.4% | |
| Shares Change (YoY) | +1.5% | +1.5% | +0.7% | +20.8% | +16.2% | +5.9% | +0.7% | +1.0% | +0.2% | |
| FCF Growth (YoY) | -9.9% | -22.3% | +114.9% | -105.1% | +527.7% | +838.5% | -48.2% | +9.5% | -0.3% | |
| Gross Margin | 93.1% | 90.2% | 87.1% | 84.0% | 88.5% | 98.2% | 92.7% | 69.2% | 63.5% | 65.5% |
| Operating Margin | 30.3% | 25.6% | 29.9% | 28.6% | 25.2% | 35.1% | 37.8% | 19.4% | 19.1% | 23.6% |
| EBITDA Margin | 39.9% | 33.7% | 36.8% | 35.4% | 32.7% | 41.9% | 43.4% | 24.8% | 23.6% | 27.5% |
| Net Margin | 22.3% | 22.5% | 25.1% | 23.8% | 21.5% | 30.1% | 32.0% | 17.4% | 16.6% | 20.1% |
| FCF Margin | 41.7% | 33.5% | 23.0% | 44.5% | -1.8% | 5.9% | 46.8% | 21.7% | 19.9% | 17.7% |
| Effective Tax Rate | 26.5% | 12.2% | 16.2% | 16.7% | 14.7% | 14.3% | 15.4% | 10.1% | 12.9% | 14.9% |
Per-Share Data (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| FCF Per Share | $3.90 | $3.47 | $2.66 | $5.67 | $-0.24 | $0.87 | $7.73 | $3.98 | $4.31 | $4.29 |
| Dividends Per Share | $0.83 | $0.79 | $0.90 | $1.06 | $1.16 | $1.23 | $1.36 | $1.18 | $1.53 | $1.63 |
| Shares Outstanding (Basic) | $3.7M | $3.7M | $3.8M | $3.8M | $4.6M | $5.3M | $5.6M | $5.7M | $5.7M | $5.8M |
What to look at in Banking companies
- Efficiency Ratio (<=55%) — Operating expenses / revenue. Top banks below 55%.
- ROA (>=1%) — How much they earn per dollar of assets. ROE misleads in banks due to leverage.
- ROTCE (>=12%) — Return on Tangible Common Equity. Strips goodwill and intangibles.
- Equity / Assets (Tier 1 proxy) (>=8%) — Capital ratio proxy. FMP does not expose regulatory Tier 1 directly.
- P/B (1.0-1.5x) — Classic banking metric. <1x can be opportunity or distress.
- Sustainable dividend yield (>=2%, <8%) — EU banks pay 5-7% normally. >8% is distress signal.
Profitability
| Return on Equity | 12.67% |
| Return on Invested Capital | 7.40% |
| Return on Assets | 1.03% |
| Gross Margin | 66.71% |
| Operating Margin | 24.72% |
| Net Margin | 21.15% |
Financial Health
| Debt / Equity | 0.49 |
| Current Ratio | 0.27 |
Key Ratios (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E | 11.52 | 17.57 | 21.90 | 20.33 | 22.66 | 13.08 | 8.86 | 18.08 | 13.44 | 8.92 |
| P/B | 1.10 | 1.75 | 2.58 | 2.20 | 1.77 | 1.48 | 1.63 | 1.74 | 1.37 | 1.05 |
| P/S | 2.56 | 3.96 | 5.49 | 4.84 | 4.86 | 3.94 | 2.83 | 3.15 | 2.24 | 1.79 |
| Gross Margin | 93.1% | 90.2% | 87.1% | 84.0% | 88.5% | 98.2% | 92.7% | 69.2% | 63.5% | 65.5% |
| Operating Margin | 30.3% | 25.6% | 29.9% | 28.6% | 25.2% | 35.1% | 37.8% | 19.4% | 19.1% | 23.6% |
| Net Margin | 22.3% | 22.5% | 25.1% | 23.8% | 21.5% | 30.1% | 32.0% | 17.4% | 16.6% | 20.1% |
Related companies: COSO · CZFS · FNLC · FUNC · ISTR · LNKB · NECB
Explore sector: Financial Services · Banks - Regional
More sections of FDBC: Overview · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Radar — undervalued stock signals · Investment Academy — learn to analyze stocks