FNCB Bancorp, Inc.

NasdaqCM:FNCB Rapport sur les actions

Capitalisation boursière : 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 Résultats passés

Passé contrôle des critères 2/6

FNCB Bancorp a connu une croissance annuelle moyenne de ses bénéfices de 4.9%, tandis que le secteur Banks a vu ses bénéfices augmenter de en hausse à 2.8% par an. Les revenus ont augmenté de en hausse à un taux moyen de 7% par an. Le rendement des capitaux propres de FNCB Bancorp est 10.1% et ses marges nettes sont de 25.8%.

Informations clés

4.87%

Taux de croissance des bénéfices

3.90%

Taux de croissance du BPA

Banks Croissance de l'industrie11.18%
Taux de croissance des recettes7.03%
Rendement des fonds propres10.06%
Marge nette25.77%
Dernière mise à jour des bénéfices31 Mar 2024

Mises à jour récentes des performances passées

Recent updates

Article d’analyse • 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.
Article d’analyse • 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.
Article d’analyse • 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.
Article d’analyse • 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.
Article d’analyse • 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...
Article d’analyse • 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...
Article d’analyse • 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...
Article d’analyse • 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...
Article d’analyse • 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...
Article d’analyse • 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...
Article d’analyse • 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...

Ventilation des recettes et des dépenses

Comment FNCB Bancorp gagne et dépense de l'argent. Sur la base des derniers bénéfices déclarés, sur une base LTM.

Historique des gains et des recettes

NasdaqCM:FNCB Recettes, dépenses et bénéfices (USD Millions )
DateRecettesLes revenusDépenses G+ADépenses de R&D
31 Mar 245414290
31 Dec 235313290
30 Sep 235315300
30 Jun 235516290
31 Mar 235819290
31 Dec 226020290
30 Sep 225919280
30 Jun 225820270
31 Mar 225720260
31 Dec 215621250
30 Sep 215623240
30 Jun 215420240
31 Mar 215119230
31 Dec 204715230
30 Sep 204614230
30 Jun 204312230
31 Mar 204211230
31 Dec 194311240
30 Sep 194215240
30 Jun 194114240
31 Mar 194114230
31 Dec 184013230
30 Sep 18390230
30 Jun 18391230
31 Mar 18390220
31 Dec 17400220
30 Sep 17388220
30 Jun 17388220
31 Mar 17377220
31 Dec 16366220
30 Sep 163734230
30 Jun 163634230
31 Mar 163434230
31 Dec 153736220
30 Sep 15357220
30 Jun 15388220
31 Mar 154413230
31 Dec 144513240
30 Sep 144815240
30 Jun 144614250
31 Mar 14418250
31 Dec 13406250
30 Sep 1334-1260

Des revenus de qualité: FNCB a des bénéfices de haute qualité.

Augmentation de la marge bénéficiaire: Les marges bénéficiaires nettes actuelles de FNCB sont inférieures à celles de l'année dernière FNCB. (25.8%) sont inférieures à celles de l'année dernière (32.2%).

Analyse des flux de trésorerie disponibles par rapport aux bénéfices

Analyse de la croissance passée des bénéfices

Tendance des revenus: Les bénéfices de FNCB ont augmenté de 4.9% par an au cours des 5 dernières années.

Accélération de la croissance: FNCB a connu une croissance négative de ses bénéfices au cours de l'année écoulée, elle ne peut donc pas être comparée à sa moyenne sur 5 ans.

Bénéfices par rapport au secteur d'activité: FNCB a enregistré une croissance négative de ses bénéfices ( -26.1% ) au cours de l'année écoulée, ce qui rend difficile la comparaison avec la moyenne du secteur Banks ( 22.8% ).

Rendement des fonds propres

ROE élevé: Le retour sur capitaux propres de FNCB ( 10.1% ) est considéré comme faible.

Rendement des actifs

Rendement des capitaux employés

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Analyse de l'entreprise et données financières

DonnéesDernière mise à jour (heure UTC)
Analyse de l'entreprise2024/07/01 11:28
Cours de l'action en fin de journée2024/07/01 00:00
Les revenus2024/03/31
Revenus annuels2023/12/31

Sources de données

Les données utilisées dans notre analyse de l'entreprise proviennent de S&P Global Market Intelligence LLC. Les données suivantes sont utilisées dans notre modèle d'analyse pour générer ce rapport. Les données sont normalisées, ce qui peut entraîner un délai avant que la source ne soit disponible.

PaquetDonnéesCadre temporelExemple de source américaine *
Finances de l'entreprise10 ans
  • Compte de résultat
  • Tableau des flux de trésorerie
  • Bilan
Estimations consensuelles des analystes+3 ans
  • Prévisions financières
  • Objectifs de prix des analystes
Prix du marché30 ans
  • Cours des actions
  • Dividendes, scissions et actions
Propriété10 ans
  • Actionnaires principaux
  • Délits d'initiés
Gestion10 ans
  • L'équipe dirigeante
  • Conseil d'administration
Principaux développements10 ans
  • Annonces de l'entreprise

* Exemple pour les titres américains ; pour les titres non américains, des formulaires réglementaires et des sources équivalentes sont utilisés.

Sauf indication contraire, toutes les données financières sont basées sur une période annuelle mais mises à jour trimestriellement. C'est ce qu'on appelle les données des douze derniers mois (TTM) ou des douze derniers mois (LTM). En savoir plus.

Modèle d'analyse et flocon de neige

Les détails du modèle d’analyse utilisé pour générer ce rapport sont disponibles sur notre page Github; nous proposons également des guides expliquant comment utiliser nos rapports et des tutoriels sur Youtube.

Découvrez l'équipe de classe mondiale qui a conçu et construit le modèle d'analyse Simply Wall St.

Indicateurs de l'industrie et du secteur

Nos indicateurs de secteur et de section sont calculés toutes les 6 heures par Simply Wall St. Les détails de notre processus sont disponibles sur Github.

Sources des analystes

FNCB Bancorp, Inc. est couverte par 0 analystes. 0 de ces analystes ont soumis les estimations de revenus ou de bénéfices utilisées comme données d'entrée dans notre rapport. Les soumissions des analystes sont mises à jour tout au long de la journée.