UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

 Date of Report (Date of earliest event reported): April 18, 2006
                                                  ---------------

                            FIDELITY BANKSHARES, INC.
                            -------------------------
               (Exact Name of Registrant as Specified in Charter)

            Delaware                    000-29040                65-1101656
- -----------------------            ------------------         -----------------
(State or Other Jurisdiction)     (Commission File No.)        (I.R.S. Employer
      of Incorporation)                                      Identification No.)


205 Datura Street, West Palm Beach, Florida                         33401
- -------------------------------------------                      ----------
(Address of Principal Executive Offices)                         (Zip Code)

Registrant's telephone number, including area code:  (561) 803-9900
                                                     --------------


                                 Not Applicable
                                ---------------
          (Former name or former address, if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

[  ] Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[  ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[  ] Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CFR 240.13e-4(c))






Item 2.02      Financial Condition and Results of Operations
               ----------------------------------------------

               On April 18, 2006 the  Company  reported  earnings  for the three
               months ended March 31,  2006.  A press  release is included as an
               exhibit.


Item 8.01      Other Events
               -------------


Item 9.01      Financial Statements and Exhibits
               ---------------------------------

               (a)  Financial Statements of businesses acquired. Not Applicable.

               (b)  Pro forma financial information. Not Applicable.

               (c)  Attached as an exhibit is Fidelity  Bankshares,  Inc.'s (the
                    "Company")  press  release  announcing  its March  31,  2006
                    earnings.

                    The following Exhibit is attached as part of this report:


                 99.1     Press  release  dated  April 18, 2006  announcing  the
                          Company's  financial  results.  The  press  release is
                          included as an exhibit.








                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, hereunto duly authorized.

                                           FIDELITY BANKSHARES, INC.



DATE: April 18, 2006                     By: /s/ Vince A. Elhilow
                                            -----------------------------------
                                            Vince A. Elhilow
                                            Chairman of the Board, President and
                                             Chief Executive Officer







                                  EXHIBIT INDEX

         Exhibit No.               Description
         -----------               ------------

          99.1                     Press release dated April 18, 2006 announcing
                                   March 31, 2006 earnings.