FNCB Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 29, 2022 at 04:06 pm EDT
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FNCB Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net interest income was USD 13.62 million compared to USD 12.03 million a year ago. Net income was USD 5.74 million compared to USD 5.23 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to USD 0.26 a year ago.
For the six months, net interest income was USD 26.41 million compared to USD 23.43 million a year ago. Net income was USD 10.09 million compared to USD 11.06 million a year ago. Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.55 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 0.55 a year ago.
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.