Fncb Bancorp Inc Stock Price, News & Analysis

The Board of Directors of FNCB Bancorp has declared a dividend of $0.090 per share for Q2 2023, representing a 20.0% increase from $0.075 in Q2 2022. This dividend is payable on June 15, 2023 to shareholders of record by June 1, 2023. Thus far in 2023, total dividends declared amount to $0.18 per share, up 20.0% from $0.15 per share in 2022. FNCB Bancorp operates as a community bank in Northeastern Pennsylvania with a focus on providing a wide range of banking solutions. The recent increase in dividends indicates a positive outlook and confidence in financial performance.

FNCB Bancorp reported a 2022 net income of $20.4 million, down 4.4% from $21.4 million in 2021, mainly due to a 14.2% rise in non-interest expenses and increased loan loss provisions. The bank saw a 10.3% increase in net interest income, totaling $55.1 million for the year. Despite a dividend increase to $0.33 per share, the return on average assets dropped to 1.21% from 1.36%. As of December 31, the total risk-based capital ratio was 13.10%. The Board approved a new stock repurchase program for up to 750,000 shares, set to commence on March 3, 2023.

On January 25, 2023, FNCB Bancorp, Inc. (NASDAQ:FNCB) announced a dividend declaration of $0.09 per share for Q1 2023, marking a 20% increase from $0.075 in Q1 2022. This dividend will be payable on March 15, 2023 to shareholders on record by March 1, 2023. The announcement reflects the company’s commitment to providing returns to shareholders while continuing to uphold its position as a leading community bank in Northeastern Pennsylvania.

FNCB Bancorp, Inc. (NASDAQ: FNCB) announced the appointment of Mark C. Oley to its Bank advisory board, expanding it to 22 members. Oley is the President of Oley Industries and Carbondale Concrete Co., both involved in the concrete industry, and has a background in real estate. His diverse experience and community involvement will provide strategic insights to the bank. FNCB Bank, a local institution for over 112 years, offers a full range of banking solutions across Northeastern Pennsylvania through 16 community offices.

FNCB Bancorp, Inc. announced the passing of John P. Moses, Lead Director and Board member, on October 31, 2022. Moses served on the Audit and Compensation Committees and chaired the Nominating and Governance Committee, significantly contributing to FNCB's growth since 1999. He had a robust career in public service and law, receiving numerous accolades including the Ellis Island Medal of Honor. FNCB Bank, with over 112 years of community banking experience, continues to offer diverse financial services across Northeastern Pennsylvania.

FNCB Bancorp reported a net income of $5.4 million ($0.28/share) for Q3 2022, a decrease of 14.4% from $6.4 million ($0.31/share) in Q3 2021. For nine months, net income was $15.5 million ($0.79/share), down 10.8% from $17.4 million ($0.86/share) in 2021. Higher non-interest expenses and increased loan loss provisions impacted earnings, despite gains in net interest income. Total assets rose 2.4% to $1.705 billion. FNCB's dividend increased, reflecting a strong capital position. The company also announced the acquisition of Chiaro Investment Services to enhance non-interest income.

On October 26, 2022, FNCB Bancorp, Inc. (NASDAQ:FNCB) announced a dividend of $0.090 per share for Q4 2022, marking a 20% increase from $0.075 in Q4 2021. With year-to-date dividends totaling $0.33 per share, up from $0.27 in 2021, this reflects a 22.2% increase. The dividend will be payable on December 15, 2022, to shareholders of record as of December 1, 2022.