FNCB Bancorp Inc (OQ:FNCB)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 102 EAST DRINKER STREET
DUNMORE PA 18512
Tel: 1-570-3486419
Website: https://investors.fncb.com/overview/default.aspx
IR: See website
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Key People
Gerard A. Champi
President, Chief Executive Officer, Director
Amy M. Kelley
Senior Vice President and Operations Officer of the Bank
James M. Bone
Executive Vice President, Chief Financial Officer, Treasurer
Dawn D. Gronski
Senior Vice President and Human Resources Officer
James F. Burke
Executive Vice President and Chief Banking Officer of the Bank
Gary P. Cook
Executive Vice President and Equipment Finance Officer of the Bank
Mary Griffin Cummings
Executive Vice President and General Counsel of the Bank
Aaron J. Cunningham
Executive Vice President and Chief Credit Officer of the Bank
Richard D. Drust
Senior Vice President and Retail Banking Officer of the Bank
Mary Ann Gardner
Senior Vice President and Compliance Officer of the Bank
   
Business Overview
FNCB Bancorp, Inc. is the bank holding company of FNCB Bank (the Bank). Its primary activity consists of owning and operating the Bank. The Bank is engaged in offering a suite of personal, small business and commercial banking solutions with mobile, online, and in-branch products and services. For personal customers, the Bank provides various deposit products, including savings, money markets, certificates of deposit and checking accounts, along with a line of preferred relationship products that offer premium benefits for higher-balance customers. The Bank offers a variety of financing alternatives to individuals and businesses generally in its primary market area through the origination of loans and leases, including residential real estate loans, construction, land acquisition and development loans, commercial real estate loans, commercial and industrial loans, and others. The Bank operates through about 16 community offices located in Lackawanna, Luzerne, and Wayne Counties.
Financial Overview
For the fiscal year ended 31 December 2023, FNCB Bancorp Inc interest income increased 35% to $82M. Net interest income after loan loss provision decreased 12% to $46M. Net income decreased 36% to $13M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 17% to 2.81%, Net Interest Spread, Total -% decrease of 30% to 2.27%, Tax-exempt decrease of 17% to $2.2M.
Employees: 201 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $99.28M as of Dec 31, 2023
Annual revenue (TTM): $82.02M as of Dec 31, 2023
EBITDA (TTM): $28.18M as of Dec 31, 2023
Net annual income (TTM): $12.98M as of Dec 31, 2023
Free cash flow (TTM): $8.47M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 19,794,996 as of Mar 8, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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