FNCB Bancorp, Inc.

Informe acción NasdaqCM:FNCB

Capitalización de mercado: US$133.6m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

FNCB Bancorp Dirección

Dirección controles de criterios 4/4

Actualmente no disponemos de información suficiente sobre el CEO.

Información clave

Jerry Champi

Chief Executive Officer (CEO)

US$674.5k

Compensación total

Porcentaje del salario del CEO61.75%
Permanencia del CEO8yrs
Participación del CEO0.7%
Permanencia media de la dirección8yrs
Promedio de permanencia en la Junta Directiva9.8yrs

Actualizaciones recientes de la dirección

Recent updates

Artículo de análisis • Aug 21

FNCB Bancorp (NASDAQ:FNCB) Is Due To Pay A Dividend Of $0.09

FNCB Bancorp, Inc.'s ( NASDAQ:FNCB ) investors are due to receive a payment of $0.09 per share on 15th of September...
Seeking Alpha • Aug 29

FNCB Bancorp: High Dividend Yield, Flattish Earnings Outlook

Summary Strength in Pennsylvania’s job market and satisfactory regional economic activity will likely support loan growth through the end of 2023. The margin will suffer from the rising rate environment as the re-pricing of liabilities will overtake the re-pricing of assets. The equity book value will also decline due to higher interest rates. The December 2022 target price suggests a moderate upside from the current market price. Further, FNCB is offering a high dividend yield for a bank holding company. Strong loan growth will likely be the chief driver for FNCB Bancorp’s (NASDAQ: FNCB) earnings in the next year and a half. On the other hand, the margin will likely dip this year as the re-pricing of deposits will outweigh the re-pricing of earning assets. Meanwhile, the provisioning for expected loan losses will likely remain at a normal level. Overall, I'm expecting FNCB Bancorp to report earnings of $1.06 per share in 2022, almost unchanged from last year. For 2023, I'm expecting the company to report earnings of $1.15 per share, up 9% year-over-year. The year-end target price suggests a moderate upside from the current market price. Further, FNCB is offering a high dividend yield. Based on the total expected return, I'm adopting a buy rating on FNCB Bancorp. Pennsylvania's Economy is Pivotal for Loan Growth Compared to previous years, FNCB Bancorp’s loan growth has been extraordinary so far this year. The portfolio has already grown by 11.2% in the first half (22% annualized), raising hopes of at least mid-teen growth for the full year. However, high interest rates are likely to dampen credit appetite, leading to a deceleration of the growth rate from the first half’s level. On the other hand, strong job markets and reasonable economic activity in local markets will likely keep loan growth near the historical median. FNCB mainly operates in northeastern Pennsylvania, including Lackawanna, Luzerne, and Wayne counties. The state has a commendable job market, with an unemployment rate that is very low from a historical perspective. Pennsylvania Unemployment Rate data by YCharts Further, the coincident index indicates that economic activity in Pennsylvania is at a satisfactory level. Philly Fed Pennsylvania Coincident Index data by YCharts Overall, I'm expecting the loan portfolio to grow by 2% every quarter, or 8% annualized, through the end of 2023, which is close to the historical trend. Margin to Suffer from Rising Interest Rates FNCB's balance sheet is liability sensitive in the short term, which means the re-pricing of liabilities will outweigh the re-pricing of assets. The following factors contribute to liability sensitivity. A large balance of adjustable-rate deposits. Non-maturing interest-bearing deposits made up a hefty 66% of total deposits at the end of June 2022, according to details given in the 10-Q filing. These deposits re-price frequently; therefore, they will pressurize the margin amid a rising rate environment. A large balance of securities. The available-for-sale debt securities portfolio made up a sizable 31% of total earning assets at the end of June 2022. A majority of debt securities are based on fixed rates. Therefore, they will weigh down the average earning-asset yield as rates rise. The results of the management’s interest-rate sensitivity analysis given in the 10-Q filing showed that a 200-basis points hike in interest rates could DECREASE the net interest income by 7.4% over months. Considering these factors, I'm expecting the margin to dip by 5 basis points in the second half of 2022 and then remain unchanged throughout 2023. Normalized Provisioning Likely The loan portfolio’s asset quality has improved tremendously over the last year. Nonperforming loans made up just 0.26% of total loans at the end of June 2022, down from 0.46% at the end of June 2021. As a result of the reduction in nonperforming loans, the allowance now appears at a comfortable level. Allowances were 1.23% of total loans at the end of June 2022. In my opinion, FNCB can easily ride out the upcoming headwinds without making any out-of-the-ordinary contributions to reserves. The upcoming headwinds include high inflation, rising interest rates, and the possibility of a recession. Overall, I believe provisioning will likely remain at a normal level through the end of 2023. I'm expecting the net provision expense to make up around 0.17% of total loans (annualized) in every quarter till the end of next year, which is the same as the average from 2017 to 2019. Expecting Flattish Earnings for 2022, Moderate Growth for 2023 The anticipated loan growth discussed above will likely be the chief driver of earnings for the next year and a half. On the other hand, the reduction in net interest margin will likely drag earnings. Meanwhile, provisioning for expected loan losses will likely remain at a normal rate. Overall, I'm expecting FNCB to report earnings of $1.06 per share for 2022, almost unchanged from last year. For 2023, I'm expecting earnings to grow by 9% to $1.15 per share. The following table shows my income statement estimates. FY18 FY19 FY20 FY21 FY22E FY23E Income Statement Net interest income 37 36 40 49 54 59 Provision for loan losses 2.6 0.8 1.9 0.2 1.8 2.0 Non-interest income 12 8 9 8 7 7 Non-interest expense 29 30 29 31 34 36 Net income - Common Sh. 13 11 15 21 21 23 EPS - Diluted ($) 0.79 0.56 0.76 1.06 1.06 1.15 Source: SEC Filings, Earnings Releases, Author's Estimates (In USD million unless otherwise specified) Actual earnings may differ materially from estimates because of the risks and uncertainties related to inflation, and consequently the timing and magnitude of interest rate hikes. Further, a stronger or longer-than-anticipated recession can increase the provisioning for expected loan losses beyond my estimates. Further Book Value Erosion Likely FNCB has a large balance of available-for-sale securities, which made up 31% of total earning assets at the end of June 2022. As a result, the company has accumulated significant mark-to-market losses on this portfolio amid the rising-rate environment. These unrealized losses have bypassed the income statement and gone directly to the equity account, as per relevant accounting standards. Consequently, the equity book value (tangible) has plunged from $8.13 per share at the end of December 2021 to $6.38 per share at the end of June 2022, according to details given in the earnings release. I'm expecting a 150-basis point hike in the Federal Funds rate in the second half of 2022 and no change in the first half of 2023 before some rate cuts in late 2023. Therefore, the equity book value will face further pressure this year. On the other hand, retained earnings will lift the book value per share. The following table shows my balance sheet estimates.
Artículo de análisis • Aug 08

FNCB Bancorp (NASDAQ:FNCB) Will Pay A Larger Dividend Than Last Year At $0.09

FNCB Bancorp, Inc. ( NASDAQ:FNCB ) has announced that it will be increasing its dividend from last year's comparable...
Seeking Alpha • Jul 27

FNCB Bancorp raises dividend by 20% to $0.09/share

FNCB Bancorp (NASDAQ:FNCB) declares $0.09/share quarterly dividend, 20% increase from prior dividend of $0.075. Forward yield 4.68% Payable Sept. 15; for shareholders of record Sept. 1; ex-div Aug. 31. See FNCB Dividend Scorecard, Yield Chart, & Dividend Growth.
Artículo de análisis • May 03

Is Now The Time To Put FNCB Bancorp (NASDAQ:FNCB) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Seeking Alpha • Apr 04

FNCB Bancorp: A 3.16% Yield With A Sub-30% Payout Ratio

FNCB Bancorp is the holding company of a small community bank in Pennsylvania with just under $1.7B in total assets. The bank's EPS exceeded $1 in 2021 and should remain above this level in 2022, even when loan loss provisions normalize. Only a very small minority of the loan book is classified as non-accrual, and the current loan loss provisions seem to be covering the risks. The dividend yield is low, but FNCB retains the majority of its earnings, this boosts the TBV by over $0.70 per year.
Artículo de análisis • Oct 31

FNCB Bancorp (NASDAQ:FNCB) Is Increasing Its Dividend To US$0.075

FNCB Bancorp, Inc. ( NASDAQ:FNCB ) has announced that it will be increasing its dividend on the 15th of December to...
Seeking Alpha • Sep 07

FNCB Bancorp: This Undervalued Under-The-Radar Bank Has Upside

Cost reductions driving widening net interest income. Loans and deposits both growing while asset quality has improved. Attractive valuation, and trading right at book. Increased dividend.
Artículo de análisis • Aug 05

FNCB Bancorp (NASDAQ:FNCB) Is Increasing Its Dividend To US$0.075

The board of FNCB Bancorp, Inc. ( NASDAQ:FNCB ) has announced that it will be increasing its dividend on the 15th of...
Artículo de análisis • May 06

Shareholders May Be A Bit More Conservative With FNCB Bancorp, Inc.'s (NASDAQ:FNCB) CEO Compensation For Now

In the past three years, the share price of FNCB Bancorp, Inc. ( NASDAQ:FNCB ) has struggled to grow and now...
Artículo de análisis • May 02

Is FNCB Bancorp, Inc. (NASDAQ:FNCB) A Great Dividend Stock?

Dividend paying stocks like FNCB Bancorp, Inc. ( NASDAQ:FNCB ) tend to be popular with investors, and for good reason...
Artículo de análisis • Mar 28

Is Now The Time To Put FNCB Bancorp (NASDAQ:FNCB) On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Artículo de análisis • Feb 21

FNCB Bancorp (NASDAQ:FNCB) Shareholders Booked A 20% Gain In The Last Five Years

If you buy and hold a stock for many years, you'd hope to be making a profit. Furthermore, you'd generally like to see...
Artículo de análisis • Dec 30

Would FNCB Bancorp, Inc. (NASDAQ:FNCB) Be Valuable To Income Investors?

Today we'll take a closer look at FNCB Bancorp, Inc. ( NASDAQ:FNCB ) from a dividend investor's perspective. Owning a...
Artículo de análisis • Nov 25

FNCB Bancorp, Inc. (NASDAQ:FNCB) Will Pay A US$0.055 Dividend In Four Days

It looks like FNCB Bancorp, Inc. (NASDAQ:FNCB) is about to go ex-dividend in the next 4 days. Ex-dividend means that...

Análisis de compensación del CEO

¿Cómo ha cambiado la remuneración de Jerry Champi en comparación con los beneficios de FNCB Bancorp?
FechaCompensación totalSalarioIngresos de la empresa
Mar 31 2024n/an/a

US$14m

Dec 31 2023US$674kUS$416k

US$13m

Sep 30 2023n/an/a

US$15m

Jun 30 2023n/an/a

US$16m

Mar 31 2023n/an/a

US$19m

Dec 31 2022US$869kUS$385k

US$20m

Sep 30 2022n/an/a

US$19m

Jun 30 2022n/an/a

US$20m

Mar 31 2022n/an/a

US$20m

Dec 31 2021US$820kUS$369k

US$21m

Sep 30 2021n/an/a

US$23m

Jun 30 2021n/an/a

US$20m

Mar 31 2021n/an/a

US$19m

Dec 31 2020US$698kUS$351k

US$15m

Sep 30 2020n/an/a

US$14m

Jun 30 2020n/an/a

US$12m

Mar 31 2020n/an/a

US$11m

Dec 31 2019US$657kUS$339k

US$11m

Sep 30 2019n/an/a

US$15m

Jun 30 2019n/an/a

US$14m

Mar 31 2019n/an/a

US$14m

Dec 31 2018US$561kUS$331k

US$13m

Sep 30 2018n/an/a

US$167k

Jun 30 2018n/an/a

US$589k

Mar 31 2018n/an/a

-US$31k

Dec 31 2017US$593kUS$321k

US$147k

Compensación vs. Mercado: La compensación total ($USD674.46K) de Jerry está en línea con el promedio de empresas de tamaño similar en el mercado US ($USD637.50K).

Compensación vs. Ingresos: La compensación de Jerry ha sido consistente con los resultados de la empresa en el último año.

CEO

Jerry Champi (63 yo)

8yrs
Permanencia
US$674,464
Compensación

Mr. Gerard A. Champi, also known as Jerry, has been Director, President and Chief Executive Officer of FNCB Bancorp, Inc. and FNCB Bank since July 01, 2016. Mr. Champi was Chief Operating Officer of FNCB B...

Equipo directivo

NombrePosiciónPermanenciaCompensaciónPropiedad
Gerard Champi
President8yrsUS$674.46k0.74%
$ 993.3k
James Bone
Executive VP11.8yrsUS$456.92k0.40%
$ 534.9k
James Burke
Executive VP & Chief Banking Officerno dataUS$399.34k0.11%
$ 148.9k
Joseph Coccia
Secretary & Director9.2yrsUS$47.50k1.26%
$ 1.7m
James Chiaro
Executive VP & Chief Investment Services Officer1.2yrssin datos0.0052%
$ 6.9k
Stephanie Westington
Senior VP & Chief Accounting Officer2.5yrssin datos0.13%
$ 171.3k
Mary Gardner
Senior VP & Compliance Officerno datasin datos0.13%
$ 170.1k
Dawn Gronski
Senior VP & Human Resources Officerno datasin datos0.091%
$ 122.2k
Lisa Kinney
Senior VP & Retail Lending Officerno dataUS$176.97k0.084%
$ 111.9k
Donna Yanuzzi
Executive VP & Equipment Sales Officerno datasin datos0.065%
$ 87.0k
Gary Cook
Executive VP & Equipment Sales Officerno datasin datos0.024%
$ 32.5k
William McGuigan
Senior VP & Audit Officerno datasin datos0.049%
$ 66.1k
8.0yrs
Permanencia media
62.5yo
Promedio de edad

Equipo directivo experimentado: El equipo directivo de FNCB es experimentado (8 años antigüedad media).

Miembros de la Junta

NombrePosiciónPermanenciaCompensaciónPropiedad
Gerard Champi
President8yrsUS$674.46k0.74%
$ 993.3k
Joseph Coccia
Secretary & Director26yrsUS$47.50k1.26%
$ 1.7m
Louis DeNaples
Independent Chairman of the Board10.6yrsUS$47.00k11.19%
$ 15.0m
William Conaboy
Independent Director1.8yrsUS$45.00k0.036%
$ 48.0k
Dominick DeNaples
Independent Director1.4yrsUS$43.75k0.52%
$ 693.3k
Keith Eckel
Independent Director9.8yrsUS$52.50k0.13%
$ 171.8k
Louis DeNaples
Independent Vice Chairman of the Board16.4yrsUS$45.00k1.71%
$ 2.3m
Thomas Melone
Independent Director13.2yrsUS$52.00k0.091%
$ 121.0k
William Bracey
Independent Director10.2yrsUS$47.50k0.94%
$ 1.3m
Kathleen Lambert
Independent Director6.8yrsUS$49.50k0.11%
$ 142.3k
Joseph DeNaples
Independent Director6.8yrsUS$45.50k1.78%
$ 2.4m
Kate Ruane
Member of Advisory Boardno datasin datossin datos
9.8yrs
Permanencia media
66yo
Promedio de edad

Junta con experiencia: La junta directiva de FNCB se considera experimentada (9.8 años de antigüedad promedio).

Análisis de la empresa y estado de los datos financieros

DatosÚltima actualización (huso horario UTC)
Análisis de la empresa2024/07/01 04:51
Precio de las acciones al final del día2024/07/01 00:00
Beneficios2024/03/31
Ingresos anuales2023/12/31

Fuentes de datos

Los datos utilizados en nuestro análisis de empresas proceden de S&P Global Market Intelligence LLC. Los siguientes datos se utilizan en nuestro modelo de análisis para generar este informe. Los datos están normalizados, lo que puede introducir un retraso desde que la fuente está disponible.

PaqueteDatosMarco temporalEjemplo Fuente EE.UU. *
Finanzas de la empresa10 años
  • Cuenta de resultados
  • Estado de tesorería
  • Balance
Estimaciones del consenso de analistas+3 años
  • Previsiones financieras
  • Objetivos de precios de los analistas
Precios de mercado30 años
  • Precios de las acciones
  • Dividendos, escisiones y acciones
Propiedad10 años
  • Accionistas principales
  • Información privilegiada
Gestión10 años
  • Equipo directivo
  • Consejo de Administración
Principales avances10 años
  • Anuncios de empresas

* Ejemplo para valores de EE.UU., para no EE.UU. se utilizan formularios y fuentes normativas equivalentes.

A menos que se especifique lo contrario, todos los datos financieros se basan en un periodo anual, pero se actualizan trimestralmente. Esto se conoce como datos de los últimos doce meses (TTM) o de los últimos doce meses (LTM). Más información.

Modelo de análisis y copo de nieve

Los detalles del modelo de análisis utilizado para generar este informe están disponibles en nuestra página de Github, también contamos con guías sobre cómo utilizar nuestros informes y tutoriales en Youtube.

Conozca al equipo de talla mundial que diseñó y construyó el modelo de análisis Simply Wall St.

Métricas industriales y sectoriales

Simply Wall St calcula cada 6 horas nuestras métricas sectoriales y de sección. Los detalles de nuestro proceso están disponibles en Github.

Fuentes analistas

FNCB Bancorp, Inc. está cubierta por 0 analistas. 0 de esos analistas presentaron las estimaciones de ingresos o ganancias utilizadas como datos para nuestro informe. Las estimaciones de los analistas se actualizan a lo largo del día.