FNCB Bancorp, Inc. Reports Consolidated Earnings Results for the Fourth Quarter Ended December 31, 2018
January 26, 2019 at 03:15 am IST
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FNCB Bancorp, Inc. announced consolidated earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income before (credit) provision for loan and lease losses was USD 9.137 million compared to USD 8.800 million a year ago. Net income was USD 7.068 million compared to net loss of USD 6.114 million a year ago. Basic earnings per share was USD 0.42 compared to basic loss per share of USD 0.36 a year ago.
For the full year, net interest income before provision for loan and lease losses was USD 36.507 million compared to USD 33.048 million a year ago. Net income was USD 13.349 million compared to USD 147,000 a year ago. Basic earnings per share was USD 0.79 compared to USD 0.01 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.
FNCB BANCORP, INC. 
