Fncb Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021
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FNCB Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 11.575 million compared to USD 9.309 million a year ago. Net income was USD 5.156 million compared to USD 3.488 million a year ago. Basic earnings per share from continuing operations was USD 0.26 compared to USD 0.17 a year ago. For the full year, net interest income was USD 40.178 million compared to USD 36.260 million a year ago. Net income was USD 15.347 million compared to USD 11.075 million a year ago. Basic earnings per share from continuing operations was USD 0.76 compared to USD 0.56 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.