Fidelity Southern Q4 net income increases

Fidelity Southern Corporation, a provider of financial products and services for business and retail customers, has reported net income available to the common shareholders of $4.62 million, or $0.28 per diluted share, for the fourth quarter ended December 31, 2012, compared to $3.01 million, or $0.2 per diluted share, for the same quarter ended December 31, 2011.

Net interest income for the fourth quarter ended December 31, 2012 was $20.24 million, compared to $19.08 million for the same quarter ended December 31, 2011.

Net income available to the common shareholders for the year ended December 31, 2012 was $22.03 million, or $1.34 per diluted share, compared to $8.1 million, or $0.56 per diluted share, for the year ended December 31, 2011.

Net interest income for the year ended December 31, 2012 was $80.48 million, compared to $70.85 million for the year ended December 31, 2011.

Fidelity's Chairman, Jim Miller, said, "2012 was a record year with improvement in many areas. We experienced significant organic and M&A growth, and strong fee income in all lines of business. We also controlled expenses as a result of consolidations and the integration of our acquired banks. The year 2013 offers continued opportunities to grow, operate more efficiently, and improve our credit costs as the economy improves."