Page 1

FIDELITY D & D BANCORP , INC . FOR IMMEDIATE RELEASE Date : July 28 , 2021 Contacts : Exhibit 99.1 Daniel J. Santaniello 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 THIRD QUARTER 2021 DIVIDEND AND REPORTS SECOND QUARTER 2021 FINANCIAL RESULTS Dunmore , PA - Fidelity D & D Bancorp , Inc. ( NASDAQ : FDBC ) and its banking subsidiary , The Fidelity Deposit and Discount Bank , announced its most recent dividend declaration and unaudited , consolidated financial results for the three and six month periods ended June 30 , 2021 . Dividend Declared The Board of Directors of Fidelity D & D Bancorp , Inc. ( the " Company " ) announced their declaration of the Company's third quarter dividend of $ 0.30 per share to shareholders of record at the close of business on August 20 , 2021 payable September 10 , 2021 . Unaudited Financial Information Net income for the three months ended June 30 , 2021 was $ 5.7 million , or $ 1.13 diluted earnings per share , compared to $ 0.3 million , or $ 0.05 diluted earnings per share , for the three months ended June 30 , 2020. The $ 5.4 million improvement in net income resulted from a $ 2.5 million increase in net interest income , $ 1.9 million in additional non - interest income , a reduction of $ 1.6 million in the provision for loan losses and $ 0.5 million lower non - interest expenses . The merger with MNB Corporation ( " MNB " ) occurred during the second quarter of 2020 and resulted in $ 1.9 million in merger - related expenses during that quarter . Additionally , the earnings during the second quarter of 2020 were adversely impacted by the beginning of the COVID - 19 pandemic . With the pandemic restrictions lifted during 2021 , the Company was able to experience the positive effects of the combined balance sheet post - merger . Second quarter diluted earnings per share increased by $ 1.08 per share due to the higher net income . Excluding merger - related expenses , adjusted net income was $ 6.1 million for the second quarter of 2021 , or $ 1.21 diluted earnings per share , compared to adjusted net income of $ 2.2 million , or $ 0.48 diluted earnings per share , for the second 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 . " With the posting of the second quarter financial results , we are very pleased to announce record quarterly net income and earnings per share , ” stated Daniel J. Santaniello , President and Chief Executive Officer . “ The continued growth in loans , deposits , and non - interest income , while effectively managing expenses , reflect the Fidelity Bankers ' commitment to building relationships and partnering with our clients to achieve mutual financial success . Fidelity Bank's growth strategy is currently focused on executing the planned 3rd quarter integration of the Landmark Community Bank clients , branch offices , and core operating systems . It is our belief that the addition of the Landmark Bankers , clients and expanded market presence will provide long - term shareholder value . "