FNCB Bancorp, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 08:38 pm
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FNCB Bancorp, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 12.21 million compared to USD 13.94 million a year ago. Net income was USD 4.16 million compared to USD 5.44 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.28 a year ago.
For the nine months, net interest income was USD 35.42 million compared to USD 40.35 million a year ago. Net income was USD 9.63 million compared to USD 15.53 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.79 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.79 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.