Fidelity D & D Bancorp, Inc. (FDBC) 2018年年度报告「NASDAQ」.pdf

1、FIDELITY D&D BANCORP,INC.2018 ANNUAL REPORTTH E SKY IS T HE L IMITThere are no great limits to growth because there are no limits of human intelligence,imagination,and wonder.“RONALD REAGAN1THE SKY IS THE LIMIT FIDELITY D&D BANCORP,INC.2018 ANNUAL REPORTTo t he Valued Shar eholder s of Fidelit y D&D

2、 Bancor p:T he Boar d of Di r ec tor s and the F i del i ty Banker s ar e ver y pl eased to r epor t that the Company ended the year wi th net i nc ome of$11 mi l l i on,or$2.93 per shar e.T he F i del i ty Banker s c onti nue to exec ute a str ategi c vi si on that pr ovi des r etai l and busi ness

3、 c l i ents wi th financ i al pr oduc ts and ser vi c es based upon thei r needs.T hi s str ategi c f oc us on bui l di ng l asti ng r el ati onshi ps wi th c l i ents and c r eati ng financ i al suc c ess f or al l key stakehol der s has gener ated str ong l oan and deposi t gr owth,has i nc r ease

4、d non-i nter est i nc ome and c api tal,and has pr oduc ed exc epti onal shar ehol der val ue.T he c ommi tment both to pr ovi de c l i ents wi th an exc epti onal exper i enc e and to bui l d l ong-l asti ng r el ati onshi ps thr ough a uni que banki ng exper i enc e has di ffer enti ated the F i d

5、el i ty Bank br and f r om i ts c ompeti ti on.I n 2018,our nati on exper i enc ed c ontr adi c ti ng ec onomi c r esul ts.Unempl oyment ended the year at 3.7%,a near l y a 50-year l ow,and wages had been r i si ng.At the same ti me f ear s of a r ec essi on had i nc r eased.Cor por ate ear ni ngs w

6、er e ver y str ong whi l e stoc k pr i c es sank shar pl y i nto c or r ec ti on ter r i tor y by the end of the year.T he yi el d c ur ve flattened thr oughout most of the year,and the shor t end of the c ur ve ac tual l y i nver ted br i efly i n Dec ember.Both the 2-year and the 10-year tr easur