FNCB Bancorp

FNCB Bancorp, Inc. is a bank holding company, which engages in the provision of financial services. Its products and services include online, mobile and telephone banking, debit cards, check imaging and electronic statements, residential mortgage loans, construction, land acquisition and development loans, commercial real estate loans, commercial and industrial loans, consumer loans, state and political subdivision loans, wealth management, and deposit activities. The company was founded in 1997 and is headquartered in Dunmore, PA.

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FNCB Bancorp, Inc. is a holding company, which engages in the operation and ownership of banks. The company was founded in 1910 and is headquartered in Dunmore, PA.

The Combination Creates a Strong Portfolio of Powerful Brands and Capabilities The Combination Creates a Strong Portfolio of Powerful Brands and Capabilities

FNCB Bank Wealth Management Services and Chiaro Investment Services LLC Enter Into Definitive Asset Purchase Agreement to Form “1st Investment Services”

Strength in Pennsylvania's job market and satisfactory regional economic activity will likely support loan growth through the end of 2023. The margin will suffer from the rising rate environment as the re-pricing of liabilities will overtake the re-pricing of assets.

FNCB Bancorp: High Dividend Yield, Flattish Earnings Outlook

The Cities for Financial Empowerment Fund's Bank On National Account Standards Certification of Opportunity Checking indicates that it meets over 25 features for safe and affordable consumer transaction accounts. The Cities for Financial Empowerment Fund's Bank On National Account Standards Certification of Opportunity Checking indicates that it meets over 25 features for safe and affordable consumer transaction accounts.

FNCB BANK'S OPPORTUNITY CHECKING RECEIVES NATIONAL CERTIFICATION BY BANKING ADVOCATES AS A SAFE, AFFORDABLE FINANCIAL PRODUCT

DUNMORE, Pa., July 29, 2022 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), (collectively, "FNCB") today reported net income of $5.7 million, or $0.29 per basic and diluted share, for the three months ended June 30, 2022, an increase of $0.5 million, or 9.7%, compared to $5.2 million, or $0.26 per share for the same period of 2021. Higher net interest income, coupled with a reduction in the provision for loan and lease losses, were the primary factors leading to the improvement in second quarter 2022 earnings. These increases to earnings were partially offset by a decrease in non-interest income and an increase in non-interest expense. For the six months ended June 30, 2022, net income totaled $10.1 million, or $0.51 per basic and diluted share, a decrease of $1.0 million, or 8.8%, from $11.1 million, or $0.55 per basic or diluted share, for the same six months of 2021.  The reduction in earnings comparing the year-to-date periods of 2022 and 2021 was due primarily to increases in non-interest expense and the provision for loan and lease losses and a decrease in non-interest income, partially mitigated by an increase in net interest income.

FNCB Bancorp, Inc. Announces Second Quarter 2022 Net Income and Results of Operations

DUNMORE, Pa., July 27, 2022 (GLOBE NEWSWIRE) -- On July 27, 2022, the Board of Directors of FNCB Bancorp, Inc. (NASDAQ:FNCB) declared a dividend of $0.090 per share for the third quarter of 2022, an increase of $0.015 per share, or 20.0%, from $0.075 per share declared for each of the previous two quarters of 2022, and an increase of $0.015 per share, or 20.0%, from $0.075 per share declared for the third quarter of 2021. Year-to-date dividends declared in 2022 total $0.240 per share, compared to $0.195 per share in 2021, an increase of $0.045 per share, or 23.1%. The third quarter 2022 dividend is payable on September 15, 2022 to shareholders of record as of September 1, 2022.

FNCB Bancorp, Inc. Increases Third Quarter 2022 Dividend 20.0%

DUNMORE, Pa., July 07, 2022 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of FNCB Bank, today announced FNCB Bank has been recognized as one of American Banker's Top 200 Community Banks in the U.S. for the second consecutive year. The list is published annually and is led by companies with strong profitability metrics, minimal credit losses and ample levels of low-cost deposits.

FNCB Recognized as One of the Top Community Banks in the United States

DUNMORE, Pa., April 29, 2022 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), (collectively, "FNCB") today reported net income of $4.4 million, or $0.22 per basic and diluted share, for the three months ended March 31, 2022, a decrease of $1.4 million, or 25.4%, compared to $5.8 million, or $0.29 per share for the same period of 2021. The reduction in earnings was largely due to increases in non-interest expense and the provision for loan and lease losses, coupled with a decrease in non-interest income. These reductions to earnings were partially mitigated by an increase in net interest income. For the three months ended March 31, 2022, the annualized return on average assets and return on average equity was 1.08% and 11.31%, respectively, compared to 1.61% and 15.27%, respectively, for the same period of 2021.  FNCB declared and paid dividends to shareholders of common stock of $0.075 per share for the first quarter of 2022, a 25% increase, compared to $0.060 per share for the same period of 2021.

FNCB Bancorp, Inc. Announces First Quarter 2022 Net Income

DUNMORE, Pa., April 27, 2022 (GLOBE NEWSWIRE) -- On April 27, 2022, the Board of Directors of FNCB Bancorp, Inc. (NASDAQ:FNCB) declared a dividend of $0.075 per share for the second quarter of 2022, an increase of $0.015, or 25%, from $0.060 per share for the second quarter of 2021. The second quarter 2022 dividend is payable on June 15, 2022 to shareholders of record as of June 1, 2022. Year-to-date dividends declared in 2022 total $0.15 per share, an increase of $0.03 per share, or 25.0%, compared to $0.12 per share in 2021.

FNCB Bancorp, Inc. Declares Second Quarter 2022 Dividend

FNCB Bancorp is the holding company of a small community bank in Pennsylvania with just under $1.7B in total assets.

FNCB Bancorp: A 3.16% Yield With A Sub-30% Payout Ratio

DUNMORE, Pa., Jan. 28, 2022 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of Dunmore-based FNCB Bank (the “Bank”), today reported net income for 2021 of $21.4 million, or $1.06 per basic and diluted share, compared to net income of $15.3 million, or $0.76 per basic and diluted share, for 2020. The $6.0 million, or 39.3%, earnings improvement was due primarily to a $8.8 million, or 21.9%, increase in net interest income, coupled with a $1.8 million, or 91.5%, reduction in the provision for loan and lease losses.  Partially offsetting these positive factors was a $1.0 million, or 10.6%, decrease in non-interest income and a $2.2 million, or 7.5%, increase in non-interest expense. Net income for the fourth quarter of 2021 was $4.0 million, or $0.20 per basic and diluted share, a decrease of $1.2 million, or 23.2%, compared to $5.2 million, or $0.26 per basic and diluted share, for the same quarter of 2020. The reduction in fourth quarter earnings was largely due to increases in non-interest expense and credit provisioning, partially offset by an increase in net interest income.

FNCB Bancorp, Inc. Reports Earnings Increase for 2021 of 39% and Announces Authorization of Stock Repurchase Program

DUNMORE, Pa., Jan. 27, 2022 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of FNCB Bank (“the Bank”), announces that the Bank has recently launched 1st Equipment Finance, a new equipment financing solution offered by the Bank, which is based in its Exeter, Pennsylvania location.

FNCB Bank Announces Expansion Into Equipment Financing

DUNMORE, Pa., Jan. 26, 2022 (GLOBE NEWSWIRE) -- On January 26, 2022, the Board of Directors of FNCB Bancorp, Inc. (NASDAQ:FNCB) declared a dividend of $0.075 per share for the first quarter of 2022, an increase of $0.015 per share, or 25.0%, from $0.06 per share declared for the first quarter of 2021. The first quarter 2022 dividend is payable on March 15, 2022 to shareholders of record as of March 1, 2022.

FNCB Bancorp, Inc. Increases First Quarter 2022 Dividend

DUNMORE, Pa., Oct. 29, 2021 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), (collectively, "FNCB") today reported net income of $6.4 million, or $0.31 per basic and diluted share, for the three months ended September 30, 2021, an increase of $2.3 million, or 54.6% from $4.1 million, or $0.20 per basic and diluted share, for the same three months of 2020.  The increase in third quarter 2021 earnings was largely due to a $2.9 million increase in net interest income, coupled with a $0.5 million release of loan and lease loss reserves and a $0.3 million decrease in non-interest expense. These positive factors were partially offset by a $1.1 million reduction in non-interest income. For the nine months ended September 30, 2021, net income totaled $17.4 million, or $0.86 per basic and diluted share, an increase of $7.2 million, or 70.9%, from $10.2 million, or $0.50 per basic and diluted share, for the same nine months of 2020. The earnings improvement for the year-to-date period ending September 30, 2021 was primarily due to a $7.6 million increase in net interest income. Additionally, a $0.2 million release of reserves for the year-to-date period of 2021 compared to a provision of loan and lease losses of $2.1 million for the same period of 2020, contributed to the improvement in earnings. Partially offsetting these favorable variances was a $0.8 million decrease in non-interest income and a $0.4 million increase in non-interest expense.

FNCB Bancorp, Inc. Announces 54.6% Increase in Third Quarter 2021 Net Income

Dunmore, Pa., Oct. 27, 2021 (GLOBE NEWSWIRE) -- On October 27, 2021, the Board of Directors of FNCB Bancorp, Inc. (NASDAQ:FNCB) declared a dividend of $0.075 per share for the fourth quarter of 2021, an increase of $0.020 per share, or 36.4%, from $0.055 per share declared for the fourth quarter of 2020. Year-to-date dividends declared in 2021 total $0.27 per share, compared to $0.22 per share in 2020, an increase of $0.05 per share, or 22.7%. The fourth quarter 2021 dividend is payable on December 15, 2021 to shareholders of record as of December 1, 2021.

FNCB Bancorp, Inc. Declares Fourth Quarter 2021 Dividend

Cost reductions driving widening net interest income. Loans and deposits both growing while asset quality has improved.

FNCB Bancorp: This Undervalued Under-The-Radar Bank Has Upside

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21 Upcoming Dividend Increases Including 1 Dividend King

DUNMORE, Pa., July 30, 2021 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), (collectively, "FNCB") today reported net income of $5.2 million, or $0.26 per basic and diluted share, for the three months ended June 30, 2021, an increase of $1.2 million, or 30.0% from $4.0 million, or $0.20 per basic and diluted share, for the same three months of 2020.  The increase in second quarter 2021 earnings was largely due to a $2.4 million increase in net interest income, coupled with a $0.7 million reduction in the provision for loan and lease losses. These positive factors were partially offset by a $0.8 million reduction in non-interest income and a $0.8 million increase in non-interest expense. For the six months ended June 30, 2021, net income totaled $11.1 million, or $0.55 per basic and diluted share, an increase of $5.0 million, or 81.8%, from $6.1 million, or $0.30 per basic and diluted share, for the same six months of 2020. The earnings improvement for the year-to-date period ending June 30, 2021 was primarily due to a $4.7 million increase in net interest income, coupled with $1.6 million reduction in the provision for loan and lease losses, partially offset by a $0.8 million increase in non-interest expense.

FNCB Bancorp, Inc. Announces 30% Increase in Second Quarter 2021 Net Income

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DUNMORE, Pa., April 30, 2021 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), (collectively, ("FNCB") today reported net income of $5.8 million, or $0.29 per basic and diluted share, for the three months ended March 31, 2021, an increase of $3.7 million, or 182.7% from $2.1 million, or $0.10 per basic and diluted share, for the same three months of 2020.  The increase in earnings comparing the first quarters of 2021 and 2020 was primarily due to a $2.2 million, or 24.2%, increase in net interest income, a $1.1 million, or 63.8%, increase in non-interest income, and a $1.0 million,  or 83.8%, reduction in the provision for loan and lease losses. These positive factors were partially offset by an $0.5 million, or 117.0%, increase in income tax expense, which was due to the higher level of pre-tax net income.

FNCB Bancorp, Inc. Announces First Quarter 2021 Net Income

DUNMORE, Pa., April 28, 2021 (GLOBE NEWSWIRE) -- On April 28, 2021, the Board of Directors of FNCB Bancorp, Inc. (NASDAQ:FNCB) declared a dividend of $0.06 per share for the second quarter of 2021, an increase of $0.005, or 9.1%, from $0.055 per share for the second quarter of 2020. The second quarter 2021 dividend is payable on June 15, 2021 to shareholders of record as of June 1, 2021. Year-to-date dividends declared in 2021 total $0.12 per share, compared to $0.11 per share in 2020.

FNCB Bancorp, Inc. Declares Second Quarter 2021 Dividend

DUNMORE, Pa., Feb. 16, 2021 (GLOBE NEWSWIRE) --  FNCB Bancorp, Inc. (NASDAQ: FNCB) (“FNCB”) today announced that James F. Burke will be joining FNCB Bank as Executive Vice President, Chief Banking Officer.

FNCB Bank Appoints James F. Burke Executive Vice President, Chief Banking Officer

DUNMORE, Pa., Jan. 29, 2021 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of Dunmore-based FNCB Bank (the “Bank”), today reported net income for 2020 of $15.3 million, or $0.76 per basic and diluted share, compared to net income of $11.1 million, or $0.56 per basic and diluted share, for 2019. The $4.2 million, or 38.6%, increase in earnings was due to increases of $3.9 million in net interest income and $1.6 million in non-interest income and a $0.8 million reduction in non-interest expense. Partially offsetting these positive factors were increases in the provision for loan and lease losses and income tax expense of $1.1 million and $0.9 million, respectively. Net income for the fourth quarter of 2020 was $5.2 million, or $0.26 per basic and diluted share, an increase of $1.7 million, or 47.8%, compared to $3.5 million, or $0.17 per basic and diluted share, for the same quarter of 2019, which primarily reflected a $2.3 million increase in net interest income, partially offset by a $0.6 million decrease in non-interest income.

FNCB Bancorp, Inc. Reports Earnings Increase for 2020 of 39% and Announces Authorization of Stock Repurchase Program

DUNMORE, Pa., Jan. 27, 2021 (GLOBE NEWSWIRE) -- On January 27, 2021, the Board of Directors of FNCB Bancorp, Inc. (NASDAQ:FNCB) declared a dividend of $0.06 per share for the first quarter of 2021, an increase of $0.005, or 9.1%, from $0.055 per share for the first quarter of 2020.  The first quarter 2021 dividend is payable on March 15, 2021 to shareholders of record as of March 1, 2021.

FNCB Bancorp, Inc. Declares First Quarter 2021 Dividend

DUNMORE, Pa., Oct. 30, 2020 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), today reported net income of $4.1 million, or $0.20 per basic and diluted share, for the three months ended September 30, 2020, an increase of $1.7 million, or 70.9% from $2.4 million, or $0.12 per basic and diluted share, for the comparable period of 2019. The increase in earnings comparing the third quarters of 2020 and 2019 was primarily due to increases in net interest income and non-interest income, coupled with a reduction in the provision for loan and lease losses. Net income for the nine months ended September 30, 2020 totaled $10.2 million, or $0.50 per basic and diluted share, an increase of $2.6 million, or 34.3%, compared to $7.6 million, or $0.39 per basic and diluted share, for the same nine months of 2019. The increased earnings for the year-to-date period of 2020 reflected increases in net interest income and non-interest income and a decrease in non-interest expense, partially offset by an increase in the provision for loan and lease losses. Additionally, the results for the third quarter and year-to-date periods of 2020 include the effect on interest income, not including the recognition of any net origination fee income, of $118.6 million in loans originated through the Paycheck Protection Program ("PPP") of United States Small Business Administration ("SBA"), as well as COVID-19 related expenses of approximately $199 thousand.  

FNCB Bancorp, Inc. Announces 71% Increase in Third Quarter 2020 Net Income

DUNMORE, Pa., Oct. 28, 2020 (GLOBE NEWSWIRE) -- On October 28, 2020, the Board of Directors of FNCB Bancorp, Inc. (NASDAQ:FNCB, www.fncb.com) declared a dividend of $0.055 per share for the fourth quarter of 2020, representing a 10.0% increase over the $0.05 per share dividend declared for the same quarter of 2019. Dividends declared for 2020 total $0.22 per share, an increase of $0.02 per share, or 10.0%, compared to $0.20 per share declared for 2019. The dividend is payable on December 15, 2020 to shareholders of record as of December 1, 2020.

FNCB Bancorp, Inc. Declares Fourth Quarter 2020 Dividend

News for FNCB Bancorp Stock (FNCB)