Page 1

FIDELITY D & D BANCORP , INC . FOR IMMEDIATE RELEASE Date : April 28 , 2021 Contacts : Daniel J. Santaniello Exhibit 99.1 President and Chief Executive Officer 570-504-8035 Salvatore R. DeFrancesco , Jr. Treasurer and Chief Financial Officer 570-504-8000 FIDELITY D & D BANCORP , INC . ANNOUNCES SECOND QUARTER 2021 DIVIDEND AND REPORTS FIRST QUARTER 2021 FINANCIAL RESULTS Dunmore , PA - Fidelity D & D Bancorp , Inc. ( NASDAQ : FDBC ) and its banking subsidiary , Fidelity Deposit and Discount Bank , announced its most recent dividend declaration and unaudited , consolidated financial results for the three month period ended March 31 , 2021 . Dividend Declared The Board of Directors of Fidelity D & D Bancorp , Inc. ( the “ Company ” ) announced their declaration of the Company's second quarter dividend of $ 0.30 per share to shareholders of record at the close of business on May 21 , 2021 payable June 10 , 2021 . Unaudited Financial Information Net income for the quarter ended March 31 , 2021 was $ 5.7 million , or $ 1.13 diluted earnings per share , compared to $ 2.6 million , or $ 0.69 diluted earnings per share , for the quarter ended March 31 , 2020. The $ 3.1 million , or 115 % , improvement in net income resulted from a $ 5.4 million increase in net interest income and $ 2.8 million in additional non - interest income partially offset by an increase of $ 4.2 million in non - interest expenses and a $ 0.5 million increase in the provision for loan losses . The biggest contributor to the net interest income growth was the merger with MNB Corporation ( “ MNB ” ) during the second quarter of 2020. First quarter diluted earnings per share increased by $ 0.44 per share , or 64 % , due to the higher net income . Excluding merger - related expenses of $ 0.5 million and an FHLB prepayment penalty of $ 0.3 million , each net of tax , adjusted net income was $ 6.5 million for the first quarter of 2021 , or $ 1.29 diluted earnings per share , compared to adjusted net income of $ 2.9 million , or $ 0.76 diluted earnings per share , for the first quarter of 2020 . For more detail on adjusted net income which is a non - GAAP measurement , refer to the “ Non - GAAP Measures " table within the Selected Financial Ratios and Other Data section . " The first quarter financial results continue to be strong , setting the stage for a successful 2021 as we prepare for the successful integration of Landmark Bank during the third quarter of 2021. ” stated Daniel J. Santaniello , President and Chief Executive Officer . “ During the first quarter , we accomplished record net income through a well - executed strategic plan that focuses on building relationships and delivering value to our clients . With strong asset quality and capital , the Company is positioned to navigate through the current economic uncertainties . The key metrics of credit , capital , and liquidity are at record levels . ” The Company previously announced the execution of an agreement and plan of reorganization to acquire Landmark Bancorp , Inc. ( " Landmark " ) in a transaction valued on February 25 , 2021 at $ 43.4 million . Under the terms of the agreement , Landmark shareholders will receive as consideration 0.272 shares of Fidelity common stock and $ 3.26 in cash for each share of Landmark common stock that they own as of the closing