Exhibit 99.1

FIDELITY D & D BANCORP, INC.

FOR IMMEDIATE RELEASE

Date:  April 24, 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 FIRST 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 March 31, 2019 of $2.8 million, or $0.73 diluted earnings per share,  compared to $2.5 million, or $0.67 diluted earnings per share, for the quarter endedMarch 31, 2018.  The $0.3million, or 11%, growth in net incomeresulted primarily from $0.7 million higher net interest income combined with a  $0.2 million increase in non-interest income,partially offset bya  $0.6 million increase inoperating expenses.The Company experienced a  $78.5 million, or 10%,increasein average interest-earning assets funded by a  $43.2millionincrease in average deposits, $29.1 million more in average borrowingsand a  $7.7 millionincrease in average shareholders’ equityforthe first quarter of 2019 compared tothe first quarter of 2018.Return on average assets (ROA) and return on average equity (ROE) were1.18% and 11.98 %, respectively, for thefirst quarter of 2019 and 1.17% and 11.75%, respectively, for the first quarter of 2018.

“Fidelity Bank’s results during the first quarter continue to be strong, setting the stage for a successful 2019.” stated Daniel J. Santaniello, President and Chief Executive Officer.  “The Bank celebrated the grand opening of the new Back Mountain Office in Dallas, Pa. The continued growth of earnings, capital and strong financial results position the bank to continue to invest in the strategic priorities that deliver an extraordinary client experience and create long-term shareholder value.”

Consolidated First Quarter Operating Results Overview

Net interest income was $7.9million for the first quarter of 2019, a $0.7 million, or 9%, increase over the  $7.2million earned for the first quarter of 2018.The net interest income growth resulted from a  $78.5 million larger average balance of interest-earning assetsthat generated a 33 basis point higher fully-taxable equivalent (FTE)yieldwhich  increased interest income by $1.5million.  The loan portfolio had the biggest impact, producing a  $1.3 million increase inFTE interest incomewith all portfolios contributing to the increase.  Yields on average quarterly balances of $334.4 million in floating rateloansat March 31, 2019benefited from 75 basis points in short-term rate increases by the Federal Reserve since the first quarter of 2018.The investment portfolio benefited from the Company investing $18.8million more, on average,in mortgage backed securities and municipal securities earning higher yields which caused interest income on investments to increase $0.2million.  Partially offsetting the increase in net interest income from higher interest income, interest expense increased $0.9 million.  The average balance of interest-bearing deposits increased $32.9million and the rates paid on these deposits increased 32 basis points resulting in $0.5 million in additional interest expense.The Company also utilized$43.7 million in average borrowingsat a  higher costover deposit rates, which contributed another $0.3 million to interest expense.The cost of interest-bearing liabilities was 1.07% for the first quarter of 2019, an increase of 47 basis points over the 0.60% paid for the first quarter of 2018.  The Company’s FTE net interest spread was 3.38% for the first quarter of 2019, or 14 basis points lower than the 3.52% 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 Company’s FTE net interest margin decreased by only two basis points to 3.66% for the three months ended March 31, 2019 from 3.68% for the same 2018 period.The Company mitigated the compression on FTE net interest margin from higher rates paid on interest-bearing liabilities through managing cost of funds by generating $10.3 million more in average non-interest bearing deposits during the quarter.The cost of funds increased 36 basis points despite a 47 basis point higher rate paid on interest-bearing liabilities.

The provision for loan losses was $0.3 million for the first quarter of 2019practically unchanged from the first quarter of 2018.  Continued provisioning was in response to the Company’slevel of attention to credit quality and to replenish loan net charge-offs, $0.4 million of which was from one commercial relationship,in order to maintain an allowance level that the Company deemed adequate.

Total other income increased $0.2 million to$2.5 million for the first quarter of 2019compared to$2.3 million for the first quarter of 2018.  Service charges on loans increased $0.1 million due to more service charges on commercial loans.  Fees from financial services were $58 thousand higher during the first quarter of 2019 compared to the same 2018 quarter.  In addition, there was $64 thousand in unrealized losses recognized on the fair value change of equity securities in the first quarter of 2018 and these equity securities were subsequently sold and no gain or loss was recognized for the first quarter of 2019. These increases were partially offset by $0.1 million less in trust income due primarily to a $68 thousand estate fee recognized during the first quarter of 2018.

Other expenses increased$0.6 million, or 9%, for the first quarter of 2019 to $6.8 million from $6.2 million for the same 2018quarter.  The increase was primarily due to $0.3 million in higher salaries and employee benefits, $0.1 million in additional premises and equipment expense due to a new branch which opened in December of 2018and $57 thousand more data processing and communication expense.

The provision for income taxesremained unchanged at $0.5 million for both the first quarter of 2019 and 2018.  Higher income before income taxes was offset by increases intax exempt income.

Consolidated Balance Sheet & Asset Quality Overview

The Company’s total assets decreased$16.9 million, or 2%, to $964.2 million at March 31, 2019from $981.1 million at December 31, 2018.  This asset decline resulted primarily froma  $20.0 million netreduction in the loan portfolio.  The decrease in the loan portfolio was mostly due to 3 large payoffs from unrelated commercial borrowers, a decline in the volume of dealer loans originated and less mortgage loans held-for-sale.  The cash inflow from the decrease in the loan portfolio plus deposit growth of $55.1 million was used to pay down $80.5 million in borrowings.  During the first quarter, deposits typically grow due to the seasonal timing of public tax deposits.  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 with the opening of the Back Mountain branch in December 2018 while constructingthe Mountain Top branch set to openin the third quarter of 2019.

Total non-performing assets were $6.0 million, or 0.62% of total assets, at March 31, 2019 compared to $6.3 million, or 0.64% of total assets, at December 31, 2018.  Non-performing assets decreased $0.3 million from prior period, as a $0.5 million decrease in accruing troubled debt restructured loans was partially offset by anincrease of $0.2 million in other real estate owned.  Net charge-offs to average total loans increased to 0.27% atMarch 31, 2019 compared to 0.13% at December 31, 2018. 

During the first quarter of 2019, the Company purchased an additional $2.0 million of bank-owned life insurance.  On January 1, 2019, the Company recognized right-of-use assets and lease liabilities for leases classified as operating leases to transition to ASU 2016-02, Leases (Topic 842).  The Company elected to apply the provisions of the new lease standard prospectively as of the effective date, without adjusting comparative periods.  At March 31, 2019, the right-of-use assets and operating lease liabilities amounted to $4.1 million and $4.5 million, respectively.

Shareholders’ equity increased $4.2 million, or 4%, to $97.7 million at March 31, 2019 from $93.5 million at December 31, 2018.  Net income growth of $2.8 million was supplemented bya  $2.0 million, after tax,improvement in net unrealized gains from the investment portfolio.  An additional $0.5 million recorded from the issuance of common stock under the Company’s stock plans and stock-based compensation expense,was offset by $1.0 million in cash dividends paid to shareholders.  The Company remains well capitalized and is positioned for continued growth with total shareholders’ equity at 10.14% of total assets at March 31, 2019.  Book value per share was $25.85 at March 31, 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 customers served by The Fidelity Deposit and Discount Bank, and is proud to be an active member of the community of Northeastern Pennsylvania.  The Company serves multiple office locations throughout Lackawanna and Luzerne Counties providing personal and business banking products and services, including wealth management assistance 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:	March 31, 2019		December 31, 2018
Assets
Cash and cash equivalents	$	15,310	$	17,485
Investment securities		182,496		182,810
Federal Home Loan Bank stock		3,663		6,339
Loans and leases		702,496		722,687
Allowance for loan losses		(9,522)		(9,747)
Premises and equipment, net		18,186		18,289
Life insurance cash surrender value		22,761		20,615
Other assets		28,830		22,624
Total assets	$	964,220	$	981,102
Liabilities
Non-interest-bearing deposits	$	230,610	$	194,731
Interest-bearing deposits		594,675		575,452
Total deposits		825,285		770,183
Short-term borrowings		5,906		76,366
FHLB advances		21,704		31,704
Other liabilities		13,583		9,292
Total liabilities		866,478		887,545
Shareholders' equity		97,742		93,557
Total liabilities and shareholders' equity	$	964,220	$	981,102
Average Year-To-Date Balances:	March 31, 2019		December 31, 2018
Assets
Cash and cash equivalents	$	16,548	$	18,639
Investment securities		184,017		172,085
Loans and leases, net		699,156		668,090
Premises and equipment, net		18,281		16,389
Other assets		47,793		42,739
Total assets	$	965,795	$	917,942
Liabilities
Non-interest-bearing deposits	$	195,349	$	196,790
Interest-bearing deposits		598,582		564,763
Total deposits		793,931		761,553
Short-term borrowings		40,587		37,558
FHLB advances		23,593		22,109
Other liabilities		12,783		7,697
Total liabilities		870,894		828,917
Shareholders' equity		94,901		89,025
Total liabilities and shareholders' equity	$	965,795	$	917,942

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Statements of Income

(dollars in thousands)

		Three Months Ended
		Mar. 31, 2019		Mar. 31, 2018
Interest income
Loans and leases	$	8,158	$	6,911
Securities and other		1,497		1,232
Total interest income		9,655		8,143
Interest expense
Deposits		1,331		804
Borrowings and debt		414		80
Total interest expense		1,745		884
Net interest income		7,910		7,259
Provision for loan losses		(255)		(300)
Other income		2,457		2,283
Other expenses		(6,770)		(6,208)
Income before income taxes		3,342		3,034
Provision for income taxes		(540)		(506)
Net income	$	2,802	$	2,528
	Three Months Ended
		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018
Interest income
Loans and leases	$	8,158	$	8,173	$	7,779	$	7,250	$	6,911
Securities and other		1,497		1,451		1,249		1,285		1,232
Total interest income		9,655		9,624		9,028		8,535		8,143
Interest expense
Deposits		1,331		1,140		981		886		804
Borrowings and debt		414		520		336		126		80
Total interest expense		1,745		1,660		1,317		1,012		884
Net interest income		7,910		7,964		7,711		7,523		7,259
Provision for loan losses		(255)		(325)		(400)		(425)		(300)
Other income		2,457		2,263		2,283		2,371		2,283
Other expenses		(6,770)		(6,530)		(6,172)		(6,162)		(6,208)
Income before income taxes		3,342		3,372		3,422		3,307		3,034
Provision for income taxes		(540)		(525)		(559)		(539)		(506)
Net income	$	2,802	$	2,847	$	2,863	$	2,768	$	2,528

FIDELITY D & D BANCORP, INC.

Unaudited Condensed Consolidated Balance Sheets

(dollars in thousands)

At Period End:		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018
Assets
Cash and cash equivalents	$	15,310	$	17,485	$	16,944	$	17,972	$	36,305
Investment securities		182,496		182,810		171,451		164,403		165,768
Federal Home Loan Bank stock		3,663		6,339		4,717		3,490		2,320
Loans and leases		702,496		722,687		704,886		686,993		642,705
Allowance for loan losses		(9,522)		(9,747)		(9,944)		(9,527)		(9,408)
Premises and equipment, net		18,186		18,289		16,204		16,189		16,350
Life insurance cash surrender value		22,761		20,615		20,464		20,315		20,168
Other assets		28,830		22,624		25,132		22,766		23,209
Total assets	$	964,220	$	981,102	$	949,854	$	922,601	$	897,417
Liabilities
Non-interest-bearing deposits	$	230,610	$	194,731	$	206,588	$	212,364	$	206,729
Interest-bearing deposits		594,675		575,452		572,473		565,894		568,562
Total deposits		825,285		770,183		779,061		778,258		775,291
Short-term borrowings		5,906		76,366		40,269		29,553		8,642
FHLB advances		21,704		31,704		31,704		18,704		18,704
Other liabilities		13,583		9,292		8,768		7,234		7,278
Total liabilities		866,478		887,545		859,802		833,749		809,915
Shareholders' equity		97,742		93,557		90,052		88,852		87,502
Total liabilities and shareholders' equity	$	964,220	$	981,102	$	949,854	$	922,601	$	897,417
Average Quarterly Balances:		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018
Assets
Cash and cash equivalents	$	16,548	$	14,682	$	14,597	$	21,017	$	24,412
Investment securities		184,017		183,548		169,280		168,981		166,374
Loans and leases, net		699,156		705,209		686,318		648,006		631,821
Premises and equipment, net		18,281		16,499		16,257		16,295		16,507
Other assets		47,793		44,686		43,483		42,047		40,685
Total assets	$	965,795	$	964,624	$	929,935	$	896,346	$	879,799
Liabilities
Non-interest-bearing deposits	$	195,349	$	200,936	$	203,530	$	197,355	$	185,090
Interest-bearing deposits		598,582		573,211		554,652		565,560		565,655
Total deposits		793,931		774,147		758,182		762,915		750,745
Short-term borrowings		40,587		59,289		55,141		19,250		15,885
FHLB advances		23,593		31,704		18,725		18,704		19,204
Other liabilities		12,783		8,625		8,077		7,330		6,729
Total liabilities		870,894		873,765		840,125		808,199		792,563
Shareholders' equity		94,901		90,859		89,810		88,147		87,236
Total liabilities and shareholders' equity	$	965,795	$	964,624	$	929,935	$	896,346	$	879,799

FIDELITY D & D BANCORP, INC.

Selected Financial Ratios and Other Data

		Three Months Ended
		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018
Selected returns and financial ratios
Basic earnings per share	$	0.74	$	0.76	$	0.76	$	0.74	$	0.67
Diluted earnings per share	$	0.73	$	0.75	$	0.75	$	0.73	$	0.67
Dividends per share	$	0.26	$	0.26	$	0.24	$	0.24	$	0.24
Yield on interest-earning assets (FTE)*		4.45%		4.31%		4.20%		4.17%		4.12%
Cost of interest-bearing liabilities		1.07%		0.99%		0.83%		0.67%		0.60%
Cost of funds		0.82%		0.76%		0.63%		0.51%		0.46%
Net interest spread (FTE)*		3.38%		3.32%		3.37%		3.50%		3.52%
Net interest margin (FTE)*		3.66%		3.58%		3.60%		3.69%		3.68%
Return on average assets		1.18%		1.17%		1.22%		1.24%		1.17%
Return on average equity		11.98%		12.43%		12.65%		12.60%		11.75%
Efficiency ratio (FTE)*		64.15%		62.66%		60.65%		61.20%		63.95%
Expense ratio		1.81%		1.76%		1.66%		1.70%		1.81%
Other financial data		At period end:
(dollars in thousands except per share data)		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018
Interest income adjustment to FTE*	$	187	$	196	$	182	$	175	$	165
Book value per share	$	25.85	$	24.89	$	23.97	$	23.68	$	23.32
Equity to assets		10.14%		9.54%		9.48%		9.63%		9.75%
Allowance for loan losses to:
Total loans		1.36%		1.36%		1.42%		1.39%		1.47%
Non-accrual loans		2.54x		2.27x		2.63x		3.45x		3.24x
Non-accrual loans to total loans		0.53%		0.59%		0.54%		0.40%		0.45%
Non-performing assets to total assets		0.62%		0.64%		0.65%		0.66%		0.79%
Net charge-offs to average total loans		0.27%		0.13%		0.08%		0.12%		0.05%
Capital Adequacy Ratios
Total risk-based capital ratio		15.24%		14.75%		14.87%		14.82%		15.19%
Common equity tier 1 risk-based capital ratio		13.99%		13.50%		13.61%		13.57%		13.93%
Tier 1 risk-based capital ratio		13.99%		13.50%		13.61%		13.57%		13.93%
Leverage ratio		9.99%		9.79%		9.93%		10.02%		9.98%

* 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.