FNCB Bancorp, Inc.

Report azionario NasdaqCM:FNCB

Capitalizzazione di mercato: 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 Gestione

Criteri Gestione verificati 4/4

Al momento non disponiamo di informazioni sufficienti sull'amministratore delegato.

Informazioni chiave

Jerry Champi

Amministratore delegato

US$674.5k

Compenso totale

Percentuale dello stipendio del CEO61.75%
Mandato del CEO8yrs
Proprietà del CEO0.7%
Durata media del management8yrs
Durata media del Consiglio di amministrazione9.8yrs

Aggiornamenti recenti sulla gestione

Recent updates

Articolo di analisi • 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.
Articolo di analisi • 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.
Articolo di analisi • 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.
Articolo di analisi • 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.
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...
Articolo di analisi • 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...

Analisi delle retribuzioni degli amministratori delegati

Come è cambiata la remunerazione di Jerry Champi rispetto agli utili di FNCB Bancorp?
DataCompenso totaleStipendioUtili della società
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

Compensazione vs Mercato: La retribuzione totale di Jerry ($USD 674.46K ) è circa la media per le aziende di dimensioni simili nel mercato US ($USD 630.36K ).

Compensazione vs guadagni: La retribuzione di Jerry è stata coerente con le performance aziendali dell'ultimo anno.

AMMINISTRATORE DELEGATO

Jerry Champi (63 yo)

8yrs
Mandato
US$674,464
Compensazione

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...

Gruppo dirigente

NomePosizioneMandatoCompensazioneProprietà
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 Officer1.2yrsNessun dato0.0052%
$ 6.9k
Stephanie Westington
Senior VP & Chief Accounting Officer2.5yrsNessun dato0.13%
$ 171.3k
Mary Gardner
Senior VP & Compliance Officerno dataNessun dato0.13%
$ 170.1k
Dawn Gronski
Senior VP & Human Resources Officerno dataNessun dato0.091%
$ 122.2k
Lisa Kinney
Senior VP & Retail Lending Officerno dataUS$176.97k0.084%
$ 111.9k
Donna Yanuzzi
Executive VP & Equipment Sales Officerno dataNessun dato0.065%
$ 87.0k
Gary Cook
Executive VP & Equipment Sales Officerno dataNessun dato0.024%
$ 32.5k
William McGuigan
Senior VP & Audit Officerno dataNessun dato0.049%
$ 66.1k
8.0yrs
Durata media
62.5yo
Età media

Gestione esperta: Il team dirigenziale di FNCB è esperto e expertise (durata media dell'incarico 8 anni).

Membri del Consiglio di amministrazione

NomePosizioneMandatoCompensazioneProprietà
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 dataNessun datoNessun dato
9.8yrs
Durata media
66yo
Età media

Consiglio di amministrazione esperto: I membri del consiglio di amministrazione di FNCB sono considerati esperti (durata media dell'incarico 9.8 anni).

Analisi aziendale e situazione dei dati finanziari

DatiUltimo aggiornamento (ora UTC)
Analisi dell'azienda2024/07/01 09:53
Prezzo dell'azione a fine giornata2024/07/01 00:00
Utili2024/03/31
Utili annuali2023/12/31

Fonti dei dati

I dati utilizzati nella nostra analisi aziendale provengono da S&P Global Market Intelligence LLC. I seguenti dati sono utilizzati nel nostro modello di analisi per generare questo report. I dati sono normalizzati, il che può comportare un ritardo nella disponibilità della fonte.

PacchettoDatiTempisticaEsempio Fonte USA *
Dati finanziari della società10 anni
  • Conto economico
  • Rendiconto finanziario
  • Bilancio
Stime di consenso degli analisti+3 anni
  • Previsioni finanziarie
  • Obiettivi di prezzo degli analisti
Prezzi di mercato30 anni
  • Prezzi delle azioni
  • Dividendi, scissioni e azioni
Proprietà10 anni
  • Top azionisti
  • Insider trading
Gestione10 anni
  • Team di leadership
  • Consiglio di amministrazione
Sviluppi principali10 anni
  • Annunci aziendali

* Esempio per i titoli statunitensi, per i titoli non statunitensi si utilizzano forme e fonti normative equivalenti.

Se non specificato, tutti i dati finanziari si basano su un periodo annuale ma vengono aggiornati trimestralmente. Si tratta dei cosiddetti dati TTM (Trailing Twelve Month) o LTM (Last Twelve Month). Per saperne di più.

Modello di analisi e Snowflake

I dettagli del modello di analisi utilizzato per generare questo report sono disponibili sulla nostra pagina Github; abbiamo anche guide su come utilizzare i nostri report e tutorial su Youtube.

Scoprite il team di livello mondiale che ha progettato e realizzato il modello di analisi Simply Wall St.

Metriche di settore e industriali

Le nostre metriche di settore e di sezione sono calcolate ogni 6 ore da Simply Wall St; i dettagli del nostro processo sono disponibili su Github.

Fonti analitiche

FNCB Bancorp, Inc. è coperta da 0 analisti. 0 di questi analisti ha fornito le stime di fatturato o di utile utilizzate come input per il nostro report. Le stime degli analisti vengono aggiornate nel corso della giornata.