Strong loan growth will likely be the chief driver for FNCB Bancorp’s earnings in the next year and a half. See why I’m adopting a Buy rating on FNCB.
FNCB Bancorp press release (NASDAQ:FNCB): Q2 GAAP EPS of $0.29.Revenue of $15.28M (+11.2% Y/Y).
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 (FNCB) declares $0.09/share quarterly dividend, 20% increase from prior dividend of $0.075.
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 press release (NASDAQ:FNCB): Q1 GAAP EPS of $0.22.Revenue of $14.57M (+2.8% Y/Y).
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.
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.
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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,… Read More »FNCB Bancorp, Inc. Reports Earnings Increase for 2020 of 39% and Announces Authorization of Stock Repurchase Program
FNCB Bancorp announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
FNCB Bancorp (NASDAQ:FNCB) and Community Capital Bancshares (OTCMKTS:ALBY) are both small-cap finance companies, but which is the superior business? We will contrast the two businesses based on the strength of their valuation, profitability, analyst recommendations, institutional ownership, earnings, dividends and risk. Insider & Institutional Ownership 17.7% of FNCB Bancorp shares are owned by institutional investors. […]
FNCB Bancorp, Inc. Declares Fourth Quarter 2019 Dividend Company Release - 10/30/20194:08 PMET FOR IMMEDIATE RELEASE DUNMORE,… | October 30, 2019