Exhibit 99.1

FIDELITY D & D BANCORP, INC.

FOR IMMEDIATE RELEASE

Date:  October 23, 2019

Contacts:

Daniel J. Santaniello	Salvatore R. DeFrancesco, Jr.
President and Chief Executive Officer	Treasurer andChief Financial Officer
570-504-8035	570-504-8000

FIDELITY D & D BANCORP, INC.

REPORTS THIRD QUARTER 2019FINANCIAL RESULTS

Dunmore, PA –Fidelity D & D Bancorp, Inc.  (NASDAQ: FDBC) and its banking subsidiary Fidelity Deposit and Discount Bank,  announced net income for the quarter ended September 30, 2019 of $3.1 million,  or $0.80 diluted earnings per share,  compared to $2.9 million, or $0.75 diluted earnings per share, for the quarter endedSeptember 30, 2018.  The $0.2million, or 7%, growth in net incomeresulted primarily from $0.3 million higher net interest income combined with a  $0.3 million increase in non-interest income and $0.1 million lower provision for loan losses,partially offset bya  $0.5 million increase inoperating expenses.The Company experienced a  $50.1 million, or 6%,increase in average interest-earning assets funded by a  $70.8millionincrease in average deposits and a  $13.3 millionincrease in average shareholders’ equity partially offset by $24.8 million less in average borrowingsforthe third quarter of 2019 compared tothe same 2018 period.Return on average assets (ROA) and return on average equity (ROE) were1.22% and 11.77%, respectively, for thethird quarter of 2019 and 1.22% and 12.65%, respectively, for the third quarter of 2018.

“We are very pleased that third quarter and 2019 year-to-date financial results posted record net income,” stated Daniel J. Santaniello, President and Chief Executive Officer.  “Additionally, for the first time in the Company’s history, total assets exceeded $1 billion.  The continued asset growth and record earnings reflect the Fidelity Bankers’ commitment to building relationships and partnering with our clients to achieve financial success.  We continue to increase deposits, loans, and non-interest income, while effectively managing expenses.”

Net income increased $0.7 million, or 9%, for the nine months ended September 30, 2019 to $8.9 million from $8.2 million for the same 2018 period.  The year-to-date increase was primarily driven by 6% higher total revenue from a $1.2 millionincrease in net interest income and $0.6 million more non-interest income.  The 5% increase in net interest income was the result of $62.7 million growth in average interest-earning assets.  This total revenue growth combined with a  $0.3 million lower provision for loan losses more than offset $1.3 million in additional non-interest expenses.  Earnings per share on a diluted basis were $2.32 and  $2.15 for the nine months ended September 30, 2019 and 2018, respectively.

Consolidated Third Quarter Operating Results Overview

Net interest income was $8.0million for the third quarter of 2019, a $0.3 million, or 4%, increase over the  $7.7  million earned for the third quarter of 2018.The net interest income growth resulted from a  $50.1 million larger average balance of interest-earning assetsthat generated a  20 basis point higher fully-taxable equivalent (FTE)yieldwhich  increased interest income by $1.0 million.  The loan portfolio had the biggest impact, producing a  $0.7 million increase in interest income from a  $30.7 million higher average balance and a 20 basis point higher yieldwith all portfolios contributing to the increase.  The investment portfolio benefited from the Company investing $19.5million more, on average,in mortgage backed securities and municipal securitieswhich caused interest income on investments to increase $0.1 million.  Partially offsetting this interest income growth, interest expense increased $0.7 million.  The average balance of interest-bearing deposits increased $76.2million and the rates paid on these deposits increased 36 basis points resulting in $0.7 million in

additional interest expense.The cost of interest-bearing liabilities was 1.17% for the third quarter of 2019, an increase of 34 basis points over the 0.83%  paid for the third quarter of 2018.  The Company’s FTE net interest spread was 3.18% for the third quarter of 2019, or 14 basis points lower than the 3.32% recorded for the same 2018 quarter.  The decrease was due to the rates paid on interest-bearing liabilities increasing faster than the yields earned on interest-earning assets.  The cost of funds increased 28 basis points despite a 34 basis point higher rate paid on interest-bearing liabilities.The Company’s FTE net interest margin decreased by seven basis points to 3.49% for the three months ended September 30, 2019 from 3.56% for the same 2018 period.

The provision for loan losses was $320 thousand for the third quarter of 2019, a $80 thousand decrease compared to $400 thousand for the third quarter of 2018.The decrease in the provision for loan losses from the third quarter of 2018 was due primarily to a deceleration in the Company’s loan growth along with improved asset quality when compared to the third quarter of 2019.

Total other income increased $0.3 million to$2.6 million for the third quarter of 2019compared to$2.3 million for the third quarter of 2018.   The increase in other income was primarily due to $0.2 million higher service charges on loans and a $0.1 million increase in financial service fees during the third quarter of 2019 compared to the same 2018 period. 

Other expenses increased$0.5 million, or 8%, for the third quarter of 2019 to $6.6million from $6.1 million for the same 2018quarter.  Most of the increase was due to $0.2 million in added salaries and employee benefits, $0.1 million more data processing and communication expense, $0.1 million in additional premises and equipment expense due to a new branch which opened in December of 2018 and $0.1 million in additional professional service expenses.

Consolidated Year-To-Date Operating Results Overview

Net interest income was $23.7 million for the nine months ended September 30, 2019 compared to $22.5 million for the nine months ended September 30, 2018.  The $1.2 million, or 5%, improvement was the result of earnings from a larger average balance of higher-yielding interest-earning assets which more than offset the increased interest expense from higher rates paid on more interest-bearing liabilities.  The loan portfolio caused the largest impact, producing $2.9 million more in interest income, of which $1.6 million was the result of higher average loan balances and $1.3 million stemmed from higher yields earned on loans.  The investment portfolio contributed $0.5 million in additional earnings, primarily from a higher yield ona larger mortgage-backed securities portfolio.  On the liability side, interest expense increased by $2.4 million primarily due to higher rates paid on $48.7 million more interest-bearing deposits.  A larger average balance of borrowings at higher rates also contributed $0.6 million in additional interest expense.  FTE net interest spread was 3.25% for the first nine months of 2019, or 17 basis points lower than the 3.42% recorded for the first nine months of 2018.  The rates paid on interest-bearing liabilities rose faster than the yields earned on interest-earning assets, which reduced the spread.  Over the same time period, the Company’s FTE net interest margin decreased by six basis points to 3.55% from 3.61%.

For the nine months ended September 30, 2019, the provision for loan losses was $0.8 million compared to $1.1million for the same 2018 period.  The $0.3 million reductionin the provision was due to deceleration in the Company’s loan growth during 2019 along with improved asset quality when compared to the same 2018 period.

Total other income for the nine months ended September 30, 2019 was $7.5million, an increase of $0.6 million, or 9%, from $6.9 million for the nine months ended September 30, 2018.  The increase in other income was comprised of the following: $0.4 million in loan service charges, $0.1 million in interchange fees and $0.2 million in financial service fees.

Other expenses increased to $19.8 million,  for the nine months ended September 30, 2019, an increase of $1.3 million, or 7%, from $18.5 million for the nine months ended September 30, 2018.  The largest driver of this increase was a $0.7 million increase in salaries and employee benefits expense.  In addition, there was $0.3

million in additional premises and equipment expenses, a $0.3 million increase in data processing expense and $0.1 million more loan collection expenses.  These increases were partially offset by $0.3 million lower professional service expenses.

Consolidated Balance Sheet & Asset Quality Overview

During the third quarter of 2019, the Company’s total assets grew to over $1 billion for the first time.  The  Company’s total assets increased$30.3 million, or 3%, to $1,011.4 million at September 30, 2019from $981.1 million at December 31, 2018.  This asset growth resulted primarily froma  $16.7 millionincrease in the loan portfolio and $6.4 million increase in the investment portfolio.  Deposit growth of $82.1million was used to pay down $68.7 million in borrowings and fund loan growth.  The Company  will focus on increasing assets using its relationship management strategy to grow loans and deposits and achieve profitable returns.  The Company has begun its Luzerne County expansion plans, opening the Back Mountain branch in December 2018 and the Mountain Top branch in October 2019.

Total non-performing assets were $5.5 million, or 0.55% of total assets, at September 30, 2019.  Non-performing assets decreased $0.8 million from December 31, 2018, as a $0.9 million decrease in troubled debt restructured loans and a $0.4 million decrease in non-performing loans was partially offset by a $0.5 million increase in other real estate owned.  Net charge-offs to average total loans increased to 0.21% at September 30, 2019 compared to 0.13% at December 31, 2018.

During the firstnine months of 2019, the Company purchased an additional $2.0 million of bank-owned life insurance for tax-free income to mitigate added employee benefit costs.  On January 1, 2019, the Company recognized right-of-use assets and lease liabilities for leases classified as operating leases as it transitioned to ASU 2016-02, Leases (Topic 842).At September 30, 2019, the right-of-use assets and operating lease liabilities amounted to $5.5 million and $6.1 million, respectively.

Shareholders’ equity increased $11.2 million, or 12%, to $104.8 million at September 30, 2019 from $93.6 million at December 31, 2018.  Net income of $8.9 million was supplemented bya  $4.5 million, after tax,improvement in net unrealized gains from the investment portfolio.  An additional $0.9 million recorded from the issuance of common stock under the Company’s stock plans and stock-based compensation,was offset by $3.0 million in cash dividends paid to shareholders.  The Company remains well capitalized and is positioned for continued growth with total shareholders’ equity at 10.36% of total assets at September 30, 2019.  Book value per share was $27.71 at September 30, 2019 compared to $24.89 at December 31, 2018.

Fidelity D & D Bancorp, Inc. has built a strong history as trusted financial advisors to the clients served by The Fidelity Deposit and Discount Bank and is proud to be an active member of the community of Northeastern Pennsylvania.  Part of the Bank’s mission is to be a good corporate partner within its market areas by providing over 1,600 hours of volunteer time to non-profit organizations yearly.The Company serves multiple office locations throughout Lackawanna and Luzerne Counties providing personal and business banking products and services, including wealth management planning through fiduciary activities with the Bank’s full trust powers; as well as offering a full array of asset management services.  The Bank provides 24 hour, 7 day a week service to customers through branch offices, online at www.bankatfidelity.com, and through the Customer Care Center at 800-388-4380.  The Bank's deposits are insured by the Federal Deposit Insurance Corporation up to the full extent permitted by law.

Forward-looking statements

Certain of the matters discussed in this press releaseconstitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and as such may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.  The words “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” and similar expressions are intended to identify such forward-looking statements.

The Company’s actual results may differ materially from the results anticipated in these forward-looking statements due to a variety of factors, including, without limitation:

§ the effects of economic conditions on current customers, specifically the effect of the economy on loan customers’ ability to repay loans;

§ the costs and effects of litigation and of unexpected or adverse outcomes in such litigation;

§ the impact of new or changes in existing laws and regulations, including the Tax Cuts and Jobs Act and Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 and the regulations promulgated there under;

§ impacts of the capital and liquidity requirements of the Basel III standards and other regulatory pronouncements, regulations and rules;

§ governmental monetary and fiscal policies, as well as legislative and regulatory changes;

§ effects of short- and long-term federal budget and tax negotiations and their effect on economic and business conditions;

§ the effect of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters;

§ the risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities and interest rate protection agreements, as well as interest rate risks;

§ the effects of competition from other commercial banks, thrifts, mortgage banking firms, consumer finance companies, credit unions, securities brokerage firms, insurance companies, money market and other mutual funds and other financial institutions operating in our market area and elsewhere, including institutions operating locally, regionally, nationally and internationally, together with such competitors offering banking products and services by mail, telephone, computer and the internet;

§ technological changes;

§ the interruption or breach in security of our information systems and other technological risks and attacks resulting in failures or disruptions in customer account management, general ledger processing and loan or deposit updates and potential impacts resulting therefrom including additional costs, reputational damage, regulatory penalties, and financial losses;

§ acquisitions and integration of acquired businesses;

§ the failure of assumptions underlying the establishment of reserves for loan losses and estimations of values of collateral and various financial assets and liabilities;

§ volatilities in the securities markets;

§ acts of war or terrorism;

§ disruption of credit and equity markets; and

§ the risk that our analyses of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful.

The Company cautions readers not to place undue reliance on forward-looking statements, which reflect analyses only as of the date of this release.  The Company has no obligation to update any forward-looking statements to reflect events or circumstances after the date of this release.

For more information please visit our investor relations web site located through www.bankatfidelity.com.

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:	September 30, 2019		December 31, 2018
Assets
Cash and cash equivalents	$	18,687	$	17,485
Investment securities		189,246		182,810
Federal Home Loan Bank stock		3,818		6,339
Loans and leases		750,470		733,771
Allowance for loan losses		(9,441)		(9,747)
Premises and equipment, net		18,149		18,289
Life insurance cash surrender value		23,094		20,615
Other assets		17,401		11,540
Total assets	$	1,011,424	$	981,102
Liabilities
Non-interest-bearing deposits	$	203,816	$	194,731
Interest-bearing deposits		648,506		575,452
Total deposits		852,322		770,183
Short-term borrowings		24,355		76,366
FHLB advances		15,000		31,704
Other liabilities		14,958		9,292
Total liabilities		906,635		887,545
Shareholders' equity		104,789		93,557
Total liabilities and shareholders' equity	$	1,011,424	$	981,102
Average Year-To-Date Balances:	September 30, 2019		December 31, 2018
Assets
Cash and cash equivalents	$	15,470	$	18,639
Investment securities		189,319		172,085
Loans and leases, net		714,243		678,217
Premises and equipment, net		18,311		16,389
Other assets		38,259		32,612
Total assets	$	975,602	$	917,942
Liabilities
Non-interest-bearing deposits	$	195,757	$	196,790
Interest-bearing deposits		610,636		564,763
Total deposits		806,393		761,553
Short-term borrowings		37,968		37,558
FHLB advances		19,109		22,109
Other liabilities		13,094		7,697
Total liabilities		876,564		828,917
Shareholders' equity		99,038		89,025
Total liabilities and shareholders' equity	$	975,602	$	917,942

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Statements of Income

(dollars in thousands)

		Three Months Ended				Nine Months Ended
		Sep. 30, 2019		Sep. 30, 2018		Sep. 30, 2019		Sep. 30, 2018
Interest income
Loans and leases	$	8,499	$	7,779	$	24,850	$	21,940
Securities and other		1,509		1,249		4,470		3,766
Total interest income		10,008		9,028		29,320		25,706
Interest expense
Deposits		1,683		981		4,489		2,671
Borrowings and debt		325		336		1,127		542
Total interest expense		2,008		1,317		5,616		3,213
Net interest income		8,000		7,711		23,704		22,493
Provision for loan losses		(320)		(400)		(830)		(1,125)
Other income		2,632		2,283		7,578		6,937
Other expenses		(6,643)		(6,172)		(19,848)		(18,542)
Income before income taxes		3,669		3,422		10,604		9,763
Provision for income taxes		(611)		(559)		(1,742)		(1,604)
Net income	$	3,058	$	2,863	$	8,862	$	8,159
	Three Months Ended
		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018
Interest income
Loans and leases	$	8,499	$	8,193	$	8,158	$	8,173	$	7,779
Securities and other		1,509		1,464		1,497		1,451		1,249
Total interest income		10,008		9,657		9,655		9,624		9,028
Interest expense
Deposits		1,683		1,474		1,331		1,140		981
Borrowings and debt		325		389		414		520		336
Total interest expense		2,008		1,863		1,745		1,660		1,317
Net interest income		8,000		7,794		7,910		7,964		7,711
Provision for loan losses		(320)		(255)		(255)		(325)		(400)
Other income		2,632		2,489		2,457		2,263		2,283
Other expenses		(6,643)		(6,435)		(6,770)		(6,530)		(6,172)
Income before income taxes		3,669		3,593		3,342		3,372		3,422
Provision for income taxes		(611)		(591)		(540)		(525)		(559)
Net income	$	3,058	$	3,002	$	2,802	$	2,847	$	2,863

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018
Assets
Cash and cash equivalents	$	18,687	$	19,190	$	15,310	$	17,485	$	16,944
Investment securities		189,246		189,899		182,496		182,810		171,451
Federal Home Loan Bank stock		3,818		4,396		3,663		6,339		4,717
Loans and leases		750,470		735,685		713,761		733,771		715,413
Allowance for loan losses		(9,441)		(9,495)		(9,522)		(9,747)		(9,944)
Premises and equipment, net		18,149		18,353		18,186		18,289		16,204
Life insurance cash surrender value		23,094		22,926		22,761		20,615		20,464
Other assets		17,401		16,085		17,565		11,540		14,605
Total assets	$	1,011,424	$	997,039	$	964,220	$	981,102	$	949,854
Liabilities
Non-interest-bearing deposits	$	203,816	$	215,973	$	230,610	$	194,731	$	206,588
Interest-bearing deposits		648,506		623,650		594,675		575,452		572,473
Total deposits		852,322		839,623		825,285		770,183		779,061
Short-term borrowings		24,355		29,105		5,906		76,366		40,269
FHLB advances		15,000		15,000		21,704		31,704		31,704
Other liabilities		14,958		11,885		13,583		9,292		8,768
Total liabilities		906,635		895,613		866,478		887,545		859,802
Shareholders' equity		104,789		101,426		97,742		93,557		90,052
Total liabilities and shareholders' equity	$	1,011,424	$	997,039	$	964,220	$	981,102	$	949,854
Average Quarterly Balances:		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018
Assets
Cash and cash equivalents	$	15,357	$	14,518	$	16,548	$	14,682	$	14,597
Investment securities		194,125		189,704		184,017		183,548		169,280
Loans and leases, net		727,441		704,748		710,351		715,974		696,678
Premises and equipment, net		18,288		18,362		18,281		16,499		16,257
Other assets		40,008		38,135		36,598		33,921		33,123
Total assets	$	995,219	$	965,467	$	965,795	$	964,624	$	929,935
Liabilities
Non-interest-bearing deposits	$	198,188	$	193,702	$	195,349	$	200,936	$	203,530
Interest-bearing deposits		630,810		602,161		598,582		573,211		554,652
Total deposits		828,998		795,863		793,931		774,147		758,182
Short-term borrowings		34,096		39,291		40,587		59,289		55,141
FHLB advances		15,000		18,831		23,593		31,704		18,725
Other liabilities		14,008		12,477		12,783		8,625		8,077
Total liabilities		892,102		866,462		870,894		873,765		840,125
Shareholders' equity		103,117		99,005		94,901		90,859		89,810
Total liabilities and shareholders' equity	$	995,219	$	965,467	$	965,795	$	964,624	$	929,935

FIDELITY D & D BANCORP, INC.

Selected Financial Ratios and Other Data

		Three Months Ended
		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018
Selected returns and financial ratios
Basic earnings per share	$	0.82	$	0.79	$	0.74	$	0.76	$	0.76
Diluted earnings per share	$	0.80	$	0.79	$	0.73	$	0.75	$	0.75
Dividends per share	$	0.26	$	0.26	$	0.26	$	0.26	$	0.24
Yield on interest-earning assets (FTE)*		4.35%		4.36%		4.40%		4.26%		4.15%
Cost of interest-bearing liabilities		1.17%		1.13%		1.07%		0.99%		0.83%
Cost of funds		0.91%		0.88%		0.82%		0.76%		0.63%
Net interest spread (FTE)*		3.18%		3.23%		3.33%		3.27%		3.32%
Net interest margin (FTE)*		3.49%		3.54%		3.62%		3.54%		3.56%
Return on average assets		1.22%		1.25%		1.18%		1.17%		1.22%
Return on average equity		11.77%		12.16%		11.98%		12.43%		12.65%
Efficiency ratio (FTE)*		61.41%		61.47%		64.15%		62.66%		60.65%
Expense ratio		1.60%		1.64%		1.81%		1.76%		1.66%
		Nine Months Ended
		Sep. 30, 2019		Sep. 30, 2018
Basic earnings per share	$	2.35	$	2.17
Diluted earnings per share	$	2.32	$	2.15
Dividends per share	$	0.78	$	0.72
Yield on interest-earning assets (FTE)*		4.37%		4.12%
Cost of interest-bearing liabilities		1.12%		0.70%
Cost of funds		0.87%		0.53%
Net interest spread (FTE)*		3.25%		3.42%
Net interest margin (FTE)*		3.55%		3.61%
Return on average assets		1.21%		1.21%
Return on average equity		11.96%		12.34%
Efficiency ratio (FTE)*		62.34%		61.91%
Expense ratio		1.68%		1.72%
Other financial data		At period end:
(dollars in thousands except per share data)		Sep. 30, 2019		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018
Interest income adjustment to FTE*	$	186	$	185	$	187	$	196	$	182
Book value per share	$	27.71	$	26.82	$	25.85	$	24.89	$	23.97
Equity to assets		10.36%		10.17%		10.14%		9.54%		9.48%
Allowance for loan losses to:
Total loans		1.26%		1.29%		1.34%		1.34%		1.40%
Non-accrual loans		2.45x		2.31x		2.54x		2.27x		2.63x
Non-accrual loans to total loans		0.51%		0.56%		0.53%		0.59%		0.53%
Non-performing assets to total assets		0.55%		0.62%		0.62%		0.64%		0.65%
Net charge-offs to average total loans		0.21%		0.21%		0.27%		0.13%		0.07%
Capital Adequacy Ratios
Total risk-based capital ratio		15.56%		15.01%		15.24%		14.75%		14.87%
Common equity tier 1 risk-based capital ratio		14.31%		13.76%		13.99%		13.50%		13.61%
Tier 1 risk-based capital ratio		14.31%		13.76%		13.99%		13.50%		13.61%
Leverage ratio		10.20%		10.26%		9.99%		9.79%		9.93%

* Interest income was FTE adjusted, using the corporate federal tax rate of 21% for 2019 and 2018, to recognize the income from tax-exempt interest-earning assets as if the interest was taxable.