Fidelity Southern Corporation Earns $6.5 Million In First Quarter

News provided by

Apr 18, 2013, 01:31 ET

ATLANTA, April 18, 2013 /PRNewswire/ -- Fidelity Southern Corporation ("Fidelity" or the "Company") (NASDAQ: LION), holding company for Fidelity Bank (the "Bank"), reported net income of $6.5 million for the first quarter of 2013 compared to $5.4 million for the fourth quarter of 2012 and $5.3 million for the first quarter of 2012. After accounting for the preferred dividend, basic and diluted earnings per share for the first quarter of 2013 were $0.38 and $0.33, respectively, which compared to basic and diluted earnings per share of $0.31 and $0.27 in the fourth quarter of 2012 and $0.31 and $0.28 in the first quarter of 2012, respectively.

Fidelity's Chairman, Jim Miller, said, "The Company's core operating earnings, including indirect automobile lending and home mortgages, continue strong and provide us with a strong competitive foundation in what is still a challenging market made more so by an artificially low interest rate environment. Our focus on the Golden Rule still anchors our efforts."



	For the Quarter Ended
	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
					(in thousands)
Net income	$	6,491	$	5,440	$	8,167	$	6,404	$	5,316
Income tax expense	3,631		3,088		4,816		3,511		2,894
Provision for loan losses	3,476		5,243		3,477		950		3,750
Write-down of ORE	1,263		1,152		1,452		1,138		948
Other cost of ORE operations	940		1,433		1,324		564		789
Pre-tax, pre-credit related earnings	15,801		16,356		19,236		12,567		13,697
Less security gains	—		—		(4)		—		(303)
Less acquisition gain	—		—		(4,012)		—		(206)
Less accretion of FDIC indemnification asset	(138)		(150)		(285)		(96)		(171)
Core operating earnings ⁽¹⁾	$	15,663	$	16,206	$	14,935	$	12,471	$	13,017

⁽¹⁾

The calculation of core operating earnings is a non-GAAP measure. We show core operating earnings which remove the effect of income taxes, provision for loan losses, cost of operation of ORE, security gains, acquisition gain and indemnification asset accretion because we believe that helps show a view of more normalized net revenues. The measure allows better comparability with prior periods, as well as with peers in the industry who also provide a similar presentation.

ASSET QUALITY

The following table provides a summary of the allowance for loan losses for the non-covered loan and covered loan portfolios as of March 31, 2013:



	Three Months Ended March 31, 2013
	Non-covered loans		Covered loans		Total
			(in thousands)
Balance, beginning of period	$	31,830	$	2,152	$	33,982
Provision for loan losses before benefit attributable to FDIC loss share agreements	3,450		130		3,580
Benefits attributable to FDIC loss share agreements	—		(104)		(104)
Net provision for loan losses	3,450		26		3,476
Increase in FDIC loss share receivable	—		104		104
Loans charged-off	(4,330)		—		(4,330)
Recoveries	678		—		678
Balance, end of period	$	31,628	$	2,282	$	33,910

The majority of loans and other real estate acquired in the FDIC-assisted transactions are covered under 80% loss sharing agreements with the FDIC, which are classified as covered loans. Loans that do not fall into the covered loan category are considered to be non-covered. Covered loans have the protection against losses reimbursable by the FDIC whereas non-covered loans do not have that same protection.

The following table provides a comparison of the activity affecting the allowance for loan loss:



	March 31, 2013			December 31, 2012			March 31, 2012
				($ in thousands)
Net charge-offs	$	3,652		$	3,670		$	2,424
Net charge-off ratio	0.86		%	0.81		%	0.59		%
Provision for loan losses - Non-Covered Loans	$	3,450		$	4,666		$	3,750
Net impairment provision - Covered Loans	26			577			—
Total provision expense	$	3,476		$	5,243		$	3,750

The decrease in provision expense for the first quarter of 2013 compared to the fourth quarter of 2012 was primarily due to a reduction in charge-offs and improved credit quality indicators.

Net charge-offs increased $1.2 million for the first three months of 2013 to $3.7 million compared to $2.4 million for the same period of 2012 primarily due to the default and charge-off of one commercial loan during the first quarter of 2013. For the first three months of 2013, the ratio of net-charge offs to average loans outstanding was 0.86% compared to 0.59% for the same period of 2012. Non-covered provision expense decreased $300,000 for the first three months of 2013 to $3.5 million compared to $3.8 million for the same period of 2012 primarily as a result of improvement in the outstanding classified loan portfolio.

The allowance for loan losses at March 31, 2013 was $33.9 million, or 1.95% of total loans, compared to an allowance of $34.0 million, or 2.01% of total loans, at December 31, 2012, and $29.3 million, or 1.84% of total loans, at March 31, 2012.

The following table presents certain credit quality metrics of the Bank's loan portfolio, inclusive and exclusive of covered loans. Nonperforming assets include nonaccrual loans, net repossessions and other real estate ("ORE"). Classified assets include loans having a risk rating of substandard or worse, both accrual and nonaccrual, net repossessions and other real estate.



	March 31, 2013						December 31, 2012						March 31, 2012
	Including Covered Loans			Excluding Covered Loans			Including Covered Loans			Excluding Covered Loans			Including Covered Loans			Excluding Covered Loans
							($ in thousands)
Nonperforming loans	$	81,740		$	52,220		$	83,681		$	57,713		$	74,816		$	62,872
Classified assets	112,036			105,082			114,857			108,860			111,894			110,586
Allowance for loan losses as a percentage of total loans	1.86		%	1.95		%	1.92		%	2.01		%	1.76		%	1.84		%
Classified items ratio	41.98		%	39.38		%	44.17		%	41.87		%	47.78		%	47.22		%
Nonperforming assets ratio	6.55		%	4.37		%	6.88		%	4.74		%	6.01		%	5.12		%

ORE, net of reserves, decreased $805,000 to $39.0 million at March 31, 2013, compared to $39.8 million at December 31, 2012 primarily due to $1.2 million in write-downs for the first quarter of 2013. During the first quarter of 2013, $6.0 million of ORE assets were sold while $6.7 million were added to ORE. Excluding covered assets, ORE sales were $3.8 million and additions were $5.9 million for the quarter.

CAPITAL

The following table details the Company's and Bank's capital position at March 31, 2013 and December 31, 2012:



	Fidelity Southern Corporation		Fidelity Bank
	March 31, 2013	December 31, 2012	March 31, 2013	December 31, 2012
Tier 1 risk-based capital ratio	12.22%	12.06%	10.95%	10.92%
Total risk-based capital ratio	13.48%	13.43%	12.68%	12.65%
Leverage capital ratio	10.51%	10.18%	9.43%	9.22%

DEPOSITS

Total deposits of $2.058 billion at March 31, 2013 have increased from $1.868 billion as of March 31, 2012, due primarily to the acquisition of Security Exchange Bank in the second quarter of 2012 and the Bank's continued efforts to aggressively pursue core deposits. Total deposits, at March 31, 2013, decreased $9.8 million from December 31, 2012 due to a $15.1 million decrease in brokered deposits partially offset by a $5.3 million increase in retail deposits.



	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
	$		%	$		%	$		%	$		%	$		%
							($ in millions)
Core deposits⁽¹⁾	$	1,659.7	80.6%	$	1,664.4	80.5%	$	1,595.4	79.6%	$	1,634.5	82.2%	$	1,546.0	82.7%
Time Deposits > $100,000	356.7		17.4	346.7		16.8	348.9		17.4	343.6		17.3	313.2		16.8
Brokered deposits	41.8		2.0	56.9		2.7	59.3		3.0	9.2		0.5	9.2		0.5
Total deposits	$	2,058.2	100.0%	$	2,068.0	100.0%	$	2,003.6	100.0%	$	1,987.3	100.0%	$	1,868.4	100.0%
Quarterly rate on deposits	0.52%			0.54%			0.55%			0.49%			0.66%

⁽¹⁾ Core deposits are transactional, savings, and time deposits under $100,000.

NET INTEREST MARGIN

Net interest margin in the first quarter of 2013 was 3.77%, a 9 basis point decrease from the same quarter a year ago and a 14 basis point increase from the fourth quarter 2012. Excluding covered loans and the accretion of the loan discount, the net interest margin was 3.50% for the first quarter of 2013 compared to 3.56% for the fourth quarter of 2012. The increase in net interest margin from the fourth quarter 2012 was primarily the result of cash flow revaluations for acquired loans during each period that showed an increase in expected cash flows that is recognized as an adjustment to the yield. Offsetting the lower yields on assets was the high volume of loan originations which resulted in an increase in net interest income for the first quarter of 2013 of $1.4 million, or 7.2%, when compared to the first quarter of 2012 and an increase of $837,000, or 4.1%, when compared to the fourth quarter of 2012.

INTEREST INCOME

Total interest income for the first quarter of 2013 increased $713,000, or 2.9%, to $25.0 million compared to $24.3 million for the first quarter of 2012. Average interest-earning assets for the first quarter of 2013 increased $218.2 million, or 10.6%, somewhat offset by a 41 basis point a decrease in the yield on average interest-earning assets due primarily to the Bank offering competitive rates on loans and deposits. In a linked-quarter comparison, interest income increased $708,000 primarily due to an increase in loan income as the yield on average interest-earning assets increased 20 basis points.

INTEREST EXPENSE

Interest expense for the first quarter of 2013 decreased $707,000, or 15.3%, compared to the same period in 2012 due to a 22 basis point decrease in the cost of interest-bearing liabilities somewhat offset by an increase in average interest-bearing liabilities of $139.1 million, or 8.0%. Also contributing to the decrease is a decrease of $272,000 in subordinated debt expense for the respective periods due to one of the Company's notes being converted from a fixed rate of 6.62% to a lower floating rate as of September 30, 2012. The Bank's shift in deposit mix toward noninterest-bearing accounts, which made up 18.7% of total deposits at March 31, 2013 compared to 14.0% at March 31, 2012, contributed to the reduction in the cost of funds. On a linked-quarter basis, interest expense decreased $129,000, or 3.2%.

NONINTEREST INCOME

On a year over year basis, noninterest income increased $7.3 million, or 41.5%, to $25.0 million for the quarter ended March 31, 2013, compared to $17.7 million in the first quarter of 2012. The increase in noninterest income was the result of a $5.7 million, or 47.3%, increase in mortgage banking activities and an increase in SBA lending of $231,000 over the respective periods. Income from mortgage banking activities increased due to a 76% increase in the March 31, 2013 pipeline to over $582 million compared to $331 million a year ago. Total funded loan volume for the quarter of $652.0 million representing a 62% increase compared to the same period a year ago. The current quarter mortgage banking income includes a $1.6 million mortgage servicing rights impairment recovery compared to $702,000 for the fourth quarter of 2012 and $1.1 million for the first quarter of 2012.

The FDIC indemnification asset is originally recorded based on a discounted amount expected to be received from the FDIC for their share of losses on covered loans. The original difference between the full amount and the discounted amount is expected to be recorded as indemnification income over the life of the contract with the FDIC. For the first three months of 2013, indemnification income was $138,000 compared to $171,000 for the same period in 2012.

NONINTEREST EXPENSE

Noninterest expense for the first quarter of 2013 increased $7.2 million, or 28.2%, to $32.6 million compared to $25.4 million for the same period in 2012. The increase was driven by a $5.8 million increase in salaries and employee benefits expense due to higher commission expense related to the increased mortgage banking volume, expansion of our mortgage banking footprint, as well as increased number of employees due to organic growth and acquisitions.

ABOUT FIDELITY SOUTHERN CORPORATION

Fidelity Southern Corporation, through its operating subsidiaries Fidelity Bank and LionMark Insurance Company, provides banking services and credit-related insurance products through 31 branches in Atlanta, Georgia, a branch in Jacksonville, Florida, and an insurance office in Atlanta, Georgia. SBA, indirect automobile, and mortgage loans are provided through employees located in eleven Southern states. For additional information about Fidelity's products and services, please visit the website at www.FidelitySouthern.com.

This news release contains forward-looking statements, as defined by Federal Securities Laws, including statements about financial outlook and business environment. These statements are provided to assist in the understanding of future financial performance and such performance involves risks and uncertainties that may cause actual results to differ materially from those in such statements. Any such statements are based on current expectations and involve a number of risks and uncertainties. For a discussion of factors that may cause such forward-looking statements to differ materially from actual results, please refer to the section entitled "Forward Looking Statements" from Fidelity Southern Corporation's 2012 Annual Report filed on Form 10-K with the Securities and Exchange Commission.

-end-

FIDELITY SOUTHERN CORPORATION FINANCIAL HIGHLIGHTS (UNAUDITED)

	Three Months Ended
	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
				($ in thousands, except per share data)
RESULTS OF OPERATIONS
Net Interest Income	$	21,075		$	20,239		$	20,690		$	19,900		$	19,655
Provision for Loan Losses	3,476			5,243			3,477			950			3,750
Non-Interest Income	25,047			26,186			27,094			17,034			17,655
Non-Interest Expense	32,524			32,654			31,324			26,069			25,350
Income Tax Expense	3,631			3,088			4,816			3,511			2,894
Net Income	6,491			5,440			8,167			6,404			5,316
Preferred Stock Dividends	(823)			(823)			(823)			(823)			(823)
Net Income Available to Common Shareholders	5,668			4,617			7,344			5,581			4,493

PERFORMANCE
Earnings Per Share - Basic ⁽¹⁾	$	0.38		$	0.31		$	0.50		$	0.38		$	0.31
Earnings Per Share - Diluted ⁽¹⁾	$	0.33		$	0.27		$	0.44		$	0.34		$	0.28
Return on Average Assets	1.04		%	0.89		%	1.34		%	1.12		%	0.95		%
Return on Average Equity	13.24		%	11.36		%	18.13		%	14.64		%	12.50		%

NET INTEREST MARGIN
Interest Earning Assets	4.55		%	4.56		%	4.51		%	4.66		%	4.96		%
Cost of Funds	0.84		%	0.86		%	0.90		%	0.96		%	1.06		%
Net Interest Spread	3.71		%	3.49		%	3.61		%	3.70		%	3.90		%
Net Interest Margin	3.77		%	3.63		%	3.74		%	3.86		%	3.86		%

CAPITAL
Tier 1 Risk-Based Capital	12.22		%	12.06		%	11.94		%	11.68		%	11.91		%
Total Risk-Based Capital	13.48		%	13.43		%	13.41		%	13.29		%	13.66		%
Leverage Ratio	10.51		%	10.18		%	9.89		%	10.19		%	10.04		%

AVERAGE BALANCE SHEET
Loans, Net of Unearned Income	2,096,551			2,044,975			2,013,423			1,880,933			1,785,382
Investment Securities	161,861			174,810			188,028			198,754			240,342
Earning Assets	2,281,648			2,230,918			2,211,353			2,088,221			2,063,475
Total Assets	2,469,538			2,454,244			2,442,366			2,265,875			2,215,944
Deposits	1,663,394			1,653,026			1,626,290			1,559,516			1,577,682
Borrowings	256,616			211,385			256,616			168,000			159,890
Shareholders' Equity	194,559			190,426			181,211			173,520			168,751

STOCK PERFORMANCE
Market Price:
Closing ⁽¹⁾	$	11.50		$	9.46		$	9.27		$	8.33		$	6.39
High Close ⁽¹⁾	$	11.81		$	10.09		$	9.59		$	8.63		$	6.50
Low Close ⁽¹⁾	$	9.56		$	8.67		$	8.24		$	6.39		$	5.51
Daily Average Trading Volume	23,583			16,429			20,135			42,083			8,645
Book Value Per Common Share ⁽¹⁾	$	10.14		$	9.77		$	9.52		$	8.99		$	8.56
Price to Book Value	1.13			0.97			0.97			0.93			0.75
Price to Tangible Book Value	1.15			0.99			0.99			0.95			0.76
Tangible Book Value Per Common Share ⁽¹⁾	9.97			9.60			9.35			8.78			8.41

⁽¹⁾	Adjusted for stock dividends and retroactive application on shares outstanding.

FIDELITY SOUTHERN CORPORATION FINANCIAL HIGHLIGHTS continued (UNAUDITED)

	Three Months Ended
	March 31, 2013			December 31, 2012			September 30, 2012			June 30, 2012			March 31, 2012
							($ in thousands)
ASSET QUALITY
Total Non-Performing Loans	$	81,740		$	83,681		$	90,145		$	90,908		$	74,816
Total Non-Performing Assets	$	121,666		$	125,062		$	136,439		$	134,627		$	101,221
Loans 90 Days Past Due and Still Accruing	$	141		$	—		$	—		$	111		290
Including Covered Loans:
Non-Performing Loans as a % of Loans	4.68		%	5.21		%	5.17		%	5.21		%	4.51		%
Non-Performing assets as a % of Loans Plus ORE	6.55		%	6.88		%	7.62		%	7.52		%	6.01		%
ALL to Non-Performing Loans	34.49		%	29.93		%	34.49		%	29.93		%	50.34		%
Net Charge-Offs During the Period to Average Loans	0.24		%	0.65		%	0.24		%	0.65		%	0.55		%
ALL as a % of Loans, at End of Period	1.86		%	1.92		%	1.80		%	1.55		%	1.76		%
Excluding Covered Loans:
Non-Performing Loans as a % of Loans	3.75		%	3.81		%	3.75		%	3.81		%	3.97		%
Non-Performing assets as a % of Loans Plus ORE	4.37		%	4.74		%	5.12		%	5.29		%	5.12		%
ALL to Non-Performing Loans	50.89		%	43.70		%	50.89		%	43.70		%	47.22		%
Net Charge-Offs During the Period to Average Loans	0.86		%	0.81		%	0.27		%	0.71		%	0.59		%
ALL as a % of Loans, at End of Period	1.95		%	2.01		%	1.91		%	1.65		%	1.84		%

OTHER INFORMATION
Non-Interest Income to Revenues	54.31		%	56.40		%	56.70		%	46.12		%	47.32		%
End of Period Shares Outstanding	14,971,580			14,903,642			14,750,045			14,680,993			14,629,133
Weighted Average Shares Outstanding - Basic	14,951,008			14,834,498			14,700,593			14,651,502			14,527,631
Weighted Average Shares Outstanding - Diluted	16,944,361			16,825,174			16,648,236			16,445,209			16,002,923
Full-Time Equivalent Employees	806.0			774.2			752.6			701.9			656.5

FIDELITY SOUTHERN CORPORATION CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

	Three Months Ended
	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
			($ in thousands, except per share data)
INTEREST INCOME
Loans, including fees	$	23,944	$	23,121	$	23,724	$	22,902	$	22,738
Investment securities	1,028		1,141		1,208		1,189		1,506
Federal funds sold and bank deposits	3		5		6		4		18
Total interest income	24,975		24,267		24,938		24,095		24,262
INTEREST EXPENSE
Deposits	2,627		2,722		2,686		2,658		3,007
Short-term borrowings	404		425		454		253		174
Subordinated debt	867		881		1,090		1,132		1,139
Other long-term debt	2		—		18		152		287
Total interest expense	3,900		4,028		4,248		4,195		4,607
Net interest income	21,075		20,239		20,690		19,900		19,655
Provision for loan losses	3,476		5,243		3,477		950		3,750
Net interest income after provision for loan losses	17,599		14,996		17,213		18,950		15,905
NONINTEREST INCOME
Service charges on deposit accounts	949		1,122		1,259		1,180		1,133
Other fees and charges	887		883		841		852		784
Mortgage banking activities	17,795		18,653		14,755		10,840		12,084
Indirect lending activities	1,646		1,477		2,164		1,610		1,163
SBA lending activities	1,084		715		2,107		1,269		853
Bank owned life insurance	313		323		330		332		322
Securities gains	—		—		4		—		303
Other	2,373		3,013		5,634		951		1,013
Total noninterest income	25,047		26,186		27,094		17,034		17,655
NONINTEREST EXPENSE
Salaries and employee benefits	20,672		20,886		18,589		15,325		14,849
Furniture and equipment	998		1,046		1,032		994		977
Net occupancy	1,409		1,354		1,360		1,280		1,210
Communication	760		647		739		641		619
Professional and other services	2,246		2,043		1,992		2,081		2,141
Cost of operation of other real estate	2,203		2,585		2,776		1,702		1,737
FDIC insurance premiums	526		493		479		474		471
Other	3,710		3,600		4,357		3,572		3,346
Total noninterest expense	32,524		32,654		31,324		26,069		25,350
Income before income tax expense	10,122		8,528		12,983		9,915		8,210
Income tax expense	3,631		3,088		4,816		3,511		2,894
NET INCOME	6,491		5,440		8,167		6,404		5,316
Preferred stock dividends and discount accretion	(823)		(823)		(823)		(823)		(823)
Net income available to common equity	$	5,668	$	4,617	$	7,344	$	5,581	$	4,493

EARNINGS PER SHARE: ⁽¹⁾
Basic earnings per share	$	0.38	$	0.31	$	0.50	$	0.38	$	0.31
Diluted earnings per share	$	0.33	$	0.27	$	0.44	$	0.34	$	0.28
Weighted average common shares outstanding-basic	14,951,008		14,834,498		14,700,593		14,651,502		14,527,631
Weighted average common shares outstanding-diluted	16,944,361		16,825,174		16,648,236		16,445,209		16,002,923

⁽¹⁾	Adjusted for stock dividends and retroactive application on shares outstanding

FIDELITY SOUTHERN CORPORATION CONSOLIDATED BALANCE SHEETS (UNAUDITED)

	March 31, 2013		December 31, 2012		September 30, 2012		June 30, 2012		March 31, 2012
					($ in thousands)
ASSETS
Cash and cash equivalents	$	40,262	$	49,020	$	47,366	$	38,333	$	38,604
Investment securities available-for-sale	153,285		154,367		165,598		193,251		183,611
Investment securities held-to-maturity	5,523		6,162		6,842		7,471		8,185
Investment in FHLB stock	7,919		7,330		9,760		8,185		7,623
Loans held-for-sale	325,941		304,094		259,659		214,335		175,736
Loans	1,817,263		1,777,031		1,745,185		1,746,204		1,657,972
Allowance for loan losses	(33,910)		(33,982)		(31,476)		(27,205)		(29,282)
Loans, net of allowance for loan losses	1,783,353		1,743,049		1,713,709		1,718,999		1,628,690
FDIC indemnification asset	16,535		20,074		38,225		44,667		13,266
Premises and equipment, net	38,508		37,669		36,519		35,949		30,352
Other real estate, net	38,951		39,756		45,175		42,727		25,729
Accrued interest receivable	8,340		7,995		8,384		8,432		8,238
Bank owned life insurance	32,978		32,693		32,397		32,091		31,786
Deferred tax asset, net	21,248		21,145		16,520		18,299		16,398
Servicing asset	36,529		30,244		24,531		22,299		21,179
Other assets	22,877		23,693		38,109		30,717		25,829
Total Assets	$	2,532,249	$	2,477,291	$	2,442,794	$	2,415,755	$	2,215,226

LIABILITIES
Deposits:
Noninterest-bearing demand deposits	$	385,019	$	381,846	$	354,029	$	345,063	$	290,625
Interest-bearing deposits:
Demand and money market	632,542		638,582		604,124		618,269		557,652
Savings	331,505		329,223		310,835		338,983		377,692
Time deposits, $100,000 and over	356,661		346,743		348,871		343,570		313,209
Other time deposits	310,581		314,675		326,471		332,185		319,995
Brokered deposits	41,843		56,942		59,303		9,204		9,204
Total deposits	2,058,151		2,068,011		2,003,633		1,987,274		1,868,377
Federal Funds Purchased	100,000		88,500		99,500		48,718		13,555
Short-term borrowings	76,051		37,160		50,889		82,500		42,500
Subordinated debt	67,527		67,527		67,527		67,527		67,527
Other long-term debt	10,000		—		—		25,000		27,500
Accrued interest payable	1,375		2,093		1,467		2,231		1,667
Other liabilities	19,844		21,112		32,277		23,596		22,178
Total Liabilities	2,332,948		2,284,403		2,255,293		2,236,846		2,043,304

SHAREHOLDERS' EQUITY
Preferred stock	47,564		47,344		47,123		46,902		46,682
Common stock	84,777		82,499		79,855		77,055		74,560
Accumulated other comprehensive gain, net of tax	3,376		3,545		4,242		3,882		3,301
Retained earnings	63,584		59,500		56,281		51,070		47,379
Total shareholders' equity	199,301		192,888		187,501		178,909		171,922
Total Liabilities and Shareholders' Equity	$	2,532,249	$	2,477,291	$	2,442,794	$	2,415,755	$	2,215,226
Book Value Per Common Share	$	10.14	$	9.77	$	9.52	$	8.99	$	8.56
Shares of Common Stock Outstanding ⁽¹⁾	14,971,580		14,903,642		14,750,045		14,680,993		14,629,133

Browse News Releases

News Releases Overview

Multimedia Gallery

Multimedia Gallery Overview

Trending Topics

Fidelity Southern Corporation Earns $6.5 Million In First Quarter