Welcome to our dedicated page for Fncb Bancorp news (Ticker: FNCB), a resource for investors and traders seeking the latest updates and insights on Fncb Bancorp stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fncb Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fncb Bancorp's position in the market.
FNCB Bancorp, Inc. (NASDAQ: FNCB) has launched 1st Equipment Finance, a new equipment financing solution based in Exeter, Pennsylvania. This initiative aims to provide leasing alternatives and financing solutions to business customers, vendors, and municipalities, and is led by Executive VP Gary P. Cook. The company emphasizes its 150 years of combined experience in equipment financing, aiming to expand its portfolio and strengthen its position in the competitive banking sector. This initiative is part of FNCB's strategy to grow market share and support its commercial clients.
On January 26, 2022, FNCB Bancorp, Inc. (NASDAQ:FNCB) announced a quarterly dividend of $0.075 per share, a 25% increase from last year’s $0.06. The dividend will be paid on March 15, 2022, to shareholders on record as of March 1, 2022. This reflects the company’s commitment to returning value to shareholders while maintaining its operations as a premier community bank in Northeastern Pennsylvania.
FNCB Bancorp reported a net income of $6.4 million, or $0.31 per share, for Q3 2021, marking a 54.6% increase from Q3 2020. The rise was driven by a $2.9 million boost in net interest income and a $0.5 million release of loan loss reserves, despite a $1.1 million decrease in non-interest income. Year-to-date, net income reached $17.4 million, up 70.9% from the previous year. Total assets increased 13.7% to $1.666 billion, and total deposits rose 15.1% to $1.482 billion. The bank's performance reflects improved asset quality and strategic growth in lending products.
On October 27, 2021, FNCB Bancorp, Inc. (NASDAQ:FNCB) announced a quarterly dividend of $0.075 per share for Q4 2021, marking a 36.4% increase from $0.055 in Q4 2020. The total year-to-date dividends for 2021 reached $0.27 per share, up 22.7% from $0.22 in 2020. The dividend is set to be paid on December 15, 2021, to shareholders on record as of December 1, 2021.
FNCB Bancorp reported a net income of $5.2 million for Q2 2021, marking a 30% increase from $4.0 million in Q2 2020. This growth was driven by a $2.4 million rise in net interest income, although non-interest income fell by $0.8 million. For H1 2021, net income reached $11.1 million, up 81.8% year-over-year. Key metrics include a return on average assets of 1.38% and a net interest margin improvement to 3.58%. Total assets grew to $1.525 billion, and the bank's capital ratios remained strong, with total risk-based capital at 15.79% as of June 30, 2021.
FNCB Bancorp, Inc. (NASDAQ:FNCB) declared a $0.075 per share dividend for Q3 2021, marking a 25% increase from the previous quarters. This rise reflects a 36.4% increase compared to Q3 2020. Year-to-date dividends for 2021 now total $0.195 per share, up 18.2% from $0.165 per share in 2020. The dividend is scheduled for payment on September 15, 2021, to shareholders of record as of September 1, 2021.
FNCB Bancorp reported a significant net income increase of $5.8 million, or $0.29 per share for Q1 2021, up 182.7% from $2.1 million in Q1 2020. This growth is attributed to a $2.2 million rise in net interest income, a $1.1 million jump in non-interest income, and an $1.0 million reduction in loan loss provisions. The company’s total assets grew to $1.500 billion, with a notable improvement in asset quality, as non-performing loans decreased to 0.52%. Dividends increased by 9.1% year-over-year, reflecting a continued strong financial performance amidst ongoing pandemic challenges.
On April 28, 2021, FNCB Bancorp declared a quarterly dividend of $0.06 per share, marking a 9.1% increase from $0.055 in Q2 2020. The dividend is payable on June 15, 2021, to shareholders of record as of June 1, 2021. Year-to-date dividends in 2021 total $0.12, compared to $0.11 in 2020. This reflects the bank's commitment to providing returns to shareholders while sustaining its operations in Northeastern Pennsylvania.
FNCB Bancorp, Inc. has appointed James F. Burke as Executive Vice President and Chief Banking Officer. With over 27 years of experience in banking, he previously served at Wayne Bank. Burke will oversee Commercial and Retail Lending, as well as Retail Banking at FNCB Bank. His extensive knowledge of the Northeastern Pennsylvania market is expected to bolster the bank's growth and service delivery. This leadership change reflects FNCB's commitment to enhancing its operations while maintaining a strong community focus.
FNCB Bancorp reported a net income of $15.3 million for 2020, marking a 38.6% increase from $11.1 million in 2019. This growth was driven by a $3.9 million rise in net interest income and a $1.6 million boost in non-interest income, despite a $1.1 million increase in loan provisions. The fourth-quarter net income was $5.2 million, up 47.8% year-over-year. Additionally, dividends were raised to $0.22 per share with a yield of 3.44%. A stock repurchase program for 975,000 shares was authorized to enhance shareholder value.