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 |
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 |