FNB Bancorp Reports Second Quarter 2017 Earnings of $0.44 Per Diluted Share
FNB BANCORP COMMON (FNBG)
NASDAQ:AMEX Investor Relations:
fnb-online.com/about-us/investor-relations-shareholder-services
Company Research
Source: Marketwire
SOUTH SAN FRANCISCO, CA -- (Marketwired) -- 07/24/17 -- FNB Bancorp (NASDAQ: FNBG), parent company of First National Bank of Northern California (the "Bank"), today announced net earnings available to common stockholders for the second quarter of 2017 of $3,351,000 or $0.44 per diluted share, compared to net earnings available to common shareholders of $2,448,000 or $0.33 per diluted share for the second quarter of 2016. During the second quarter of 2017, our net interest income was $11.4 million, an increase of $882,000 from the second quarter of 2016. This increase was primarily the result of an increase in the average volume of our interest earning assets outstanding partially offset by a slight reduction in our earning rate when compared to the same period in 2016. "During the second quarter of 2017, the Company was able to grow our net loan portfolio by $1.3 million. Loan production was strong during the first half of the quarter, however, commercial real estate l
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