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Stock impact report

FNCB Bancorp, Inc. Announces Increased Second Quarter and Year-to-date 2018 Earnings

FNCB Bancorp Inc. (FNCB) 
NASDAQ:AMEX Investor Relations: investors.fncb.com
Company Research Source: GlobeNewswire
DUNMORE, Pa., July 20, 2018 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ:FNCB), the parent company of Dunmore-based FNCB Bank (the “Bank”), reported net income of $2.412 million, or $0.14 per basic and diluted share, for the second quarter of 2018, an increase of $620 thousand, or 34.6%, compared to net income of $1.792 million, or $0.11 per basic and diluted share, for the same quarter of 2017. Net income for the six months ended June 30, 2018 increased $442 thousand, or 11.1%, to $4.431 million, or $0.26 per basic and diluted share, from $3.989 million, or $0.24 per basic and diluted share, for the comparable six-month period of 2017. Earnings for the second quarter and year-to-date periods were impacted favorably by improved net interest income and lower income tax expense. Partially offsetting these positive factors were increases in the provision for loan and lease losses and non-interest expense and lower non-interest income. Annualized return on average assets was 0.79% an Show less Read more
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