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Stock impact report

FNCB Bancorp, Inc. Announces First Quarter 2024 Earnings [Yahoo! Finance]

FNCB Bancorp Inc. (FNCB) 
NASDAQ:AMEX Investor Relations: investors.fncb.com
Company Research Source: Yahoo! Finance
Bank (the “Bank” and collectively, “FNCB”) today reported net income of $3.5 million, or $0.18 per diluted shares, for the first quarter of 2024, an increase of $869 thousand, or 32.6%, compared to $2.7 million or $0.14 per diluted share, for the same period of 2023. The earnings improvement was primarily due to a $1.6 million increase in net interest income, partially offset by increases in the provision for credit losses of $511 thousand and non-interest expense of $266 thousand. For the three months ended March 31, 2024, the annualized return on average assets and the return on average shareholders' equity were 0.78% and 10.58%, respectively, compared to 0.62% and 8.84%, respectively, for the same period of 2023. FNCB declared and paid dividends to shareholders of common stock of $0.09 per share for each of the first quarters of 2024 and 2023. Agreement and Plan of Merger On September 27, 2023, FNCB and Peoples Financial Services Corp. (“PFIS”) (NASDAQ:PFIS) announced that both Show less Read more
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