Overview * Fidelity D&D Bancorp Q3 net income rises 48% yr/yr to $7.3 mln * Net interest income for Q3 increases 19% yr/yr to $18.4 mln * Provision for credit losses decreases due to improved asset quality Outlook * Company did not provide specific guidance Result Drivers * NET INTEREST INCOME – Driven by a $196.9 mln increase in average balance of interest-earning assets and a 15 basis points increase in FTE yield * CREDIT LOSS PROVISIONS – Decrease attributed to improved asset quality, specifically non-performing assets and non-accrual loans * NON-INTEREST EXPENSES – Increase primarily due to higher salaries and benefits expense driven by banker incentives Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 EPS $1.27 Q3 Net $7.34 Income mln Q3 Net $18.42 Interest mln Income Q3 $8.59 Pretax mln Profit Q3 -$200,00 Provisio 0 n for Credit Losses Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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