NasdaqCM:FNCB

Stock Analysis Report

Executive Summary

FNCB Bancorp, Inc. operates as the holding company for FNCB Bank that provides retail and commercial banking services to individuals, businesses, local governments, and municipalities in Northeastern Pennsylvania.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has FNCB Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-6.1%

FNCB

2.7%

US Banks

0.4%

US Market


1 Year Return

-22.6%

FNCB

2.7%

US Banks

6.9%

US Market

Return vs Industry: FNCB underperformed the US Banks industry which returned 2.7% over the past year.

Return vs Market: FNCB underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

FNCBIndustryMarket
7 Day-6.1%2.7%0.4%
30 Day-9.7%0.7%-1.1%
90 Day-2.1%3.0%-0.5%
1 Year-20.6%-22.6%5.7%2.7%9.3%6.9%
3 Year46.1%38.7%52.1%41.6%45.8%36.4%
5 Year30.5%22.5%69.2%50.7%62.9%45.1%

Price Volatility Vs. Market

How volatile is FNCB Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FNCB Bancorp undervalued compared to its fair value and its price relative to the market?

9.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FNCB ($7.35) is trading above our estimate of fair value ($5.2)

Significantly Below Fair Value: FNCB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FNCB is good value based on its PE Ratio (9.4x) compared to the Banks industry average (12.6x).

PE vs Market: FNCB is good value based on its PE Ratio (9.4x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FNCB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FNCB is good value based on its PB Ratio (1.1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is FNCB Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

4.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNCB's forecast earnings growth (4.1% per year) is above the savings rate (2.7%).

Earnings vs Market: FNCB's earnings (4.1% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: FNCB's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if FNCB's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FNCB's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FNCB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has FNCB Bancorp performed over the past 5 years?

-18.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FNCB's earnings have declined by -18.8% per year over the past 5 years.

Accelerating Growth: FNCB's earnings growth over the past year (2294.2%) exceeds its 5-year average (-18.8% per year).

Earnings vs Industry: FNCB earnings growth over the past year (2294.2%) exceeded the Banks industry 29.6%.


Return on Equity

High ROE: FNCB's Return on Equity (10.9%) is considered low.


Return on Assets

ROA vs Industry: FNCB has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FNCB's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is FNCB Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FNCB has a low level of unsold assets or inventory.

Debt Coverage by Assets: FNCB's debt is not covered by short term assets (assets are 0.4x debt).


Financial Institutions Analysis

Asset Level: FNCB's level of assets compared to its equity is low.

Allowance for Bad Loans: FNCB has a sufficient allowance for bad loans.

Low Risk Liabilities: FNCB's liabilities are made up of primarily low risk sources of funding.

Loan Level: FNCB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FNCB's loans are broadly funded by customer deposits.

Level of Bad Loans: FNCB has an appropriate level of bad loans (0.65%)


Next Steps

Dividend

What is FNCB Bancorp's current dividend yield, its reliability and sustainability?

2.72%

Current Dividend Yield


Dividend Yield vs Market

company2.7%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FNCB's dividend (2.72%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: FNCB's dividend (2.72%) is low compared to the top 25% of dividend payers in the US market (3.73%).

Stable Dividend: FNCB's dividend payments have been volatile in the past 10 years.

Growing Dividend: FNCB's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (24.4%), FNCB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of FNCB Bancorp's salary, the management and board of directors tenure and is there insider trading?

6.5yrs

Average management tenure


CEO

Jerry Champi (58yo)

3.3yrs

Tenure

US$561,246

Compensation

Mr. Gerard A. Champi, also known as Jerry, was elected to the Board of Directors of FNCB Bancorp, Inc. (“Company”) and FNCB Bank on July 01, 2016. Mr. Champi serves as President and Chief Executive Officer ...


CEO Compensation Analysis

Compensation vs. Market: Jerry's total compensation ($USD561.25K) is about average for companies of similar size in the US market ($USD489.74K).

Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.5yrs

Average Tenure

58yo

Average Age

Experienced Management: FNCB's management team is seasoned and experienced (6.5 years average tenure).


Board Age and Tenure

5.4yrs

Average Tenure

64.5yo

Average Age

Experienced Board: FNCB's board of directors are considered experienced (5.4 years average tenure).


Insider Trading

Insider Buying: FNCB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

SellUS$21,54005 Sep 19
Lisa Kinney
EntityIndividual
Role
Other Key Executive
Senior VP & Retail Lending Officer of First National Community Bank
Shares3,000
Max PriceUS$7.18
BuyUS$33,54029 Aug 19
Louis DeNaples
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares4,572
Max PriceUS$7.34
SellUS$8,70006 Aug 19
William McGuigan
EntityIndividual
Shares1,200
Max PriceUS$7.25
BuyUS$10,83611 Jul 19
James Bone
EntityIndividual
Role
Chief Financial Officer
Executive VP
Shares1,548
Max PriceUS$7.00
SellUS$4,71823 May 19
Stephanie Westington
EntityIndividual
Role
Chief Accounting Officer
Senior VP
Shares608
Max PriceUS$7.76
SellUS$4,20623 May 19
Ronald Honick
EntityIndividual
Shares542
Max PriceUS$7.76
BuyUS$37,75027 Feb 19
Vithalbhai Dhaduk
EntityIndividual
Role
Member of the Board of Directors
Director
Shares5,000
Max PriceUS$7.55
BuyUS$74,99812 Feb 19
Joseph Coccia
EntityIndividual
Role
Member of the Board of Directors
Secretary & Director
Shares10,714
Max PriceUS$7.00
BuyUS$99,99508 Feb 19
John Moses
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares14,285
Max PriceUS$7.00
BuyUS$24,99708 Feb 19
Thomas Melone
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares3,571
Max PriceUS$7.00
BuyUS$19,99908 Feb 19
Kathleen Lambert
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,857
Max PriceUS$7.00
BuyUS$999,99908 Feb 19
Louis DeNaples
EntityIndividual
Role
Vice Chairman
Vice Chairman of the Board
Shares142,857
Max PriceUS$7.00
BuyUS$149,99608 Feb 19
Joseph DeNaples
EntityIndividual
Shares21,428
Max PriceUS$7.00
BuyUS$100,02308 Feb 19
Dominick DeNaples
EntityIndividual
Shares14,289
Max PriceUS$7.00
BuyUS$7,49708 Feb 19
Raymond Collins
EntityIndividual
Shares1,071
Max PriceUS$7.00
BuyUS$17,99708 Feb 19
Gerard Champi
EntityIndividual
Role
Chief Executive Officer
President
Shares2,571
Max PriceUS$7.00
BuyUS$124,99208 Feb 19
William Bracey
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares17,856
Max PriceUS$7.00

Ownership Breakdown


Management Team

  • Joseph Coccia (65yo)

    Secretary & Director

    • Tenure: 21.8yrs
    • Compensation: US$30.00k
  • Jerry Champi (58yo)

    President

    • Tenure: 3.3yrs
    • Compensation: US$561.25k
  • Angelo Bistocchi (93yo)

    Vice President of First National Community Bank

    • Tenure: 41.8yrs
  • Stephanie Westington (54yo)

    Senior VP

    • Tenure: 0yrs
  • Jim Bone (57yo)

    Executive VP

    • Tenure: 7.1yrs
    • Compensation: US$353.67k
  • Lisa Kinney (49yo)

    Senior VP & Retail Lending Officer of First National Community Bank

    • Tenure: 13.8yrs
    • Compensation: US$176.97k
  • Mary Gardner (61yo)

    Senior VP & Compliance Officer of First National Community Bank

    • Tenure: 6.5yrs
  • Midge MacArthur

    Vice President and Regional Manager

    • Tenure: 0yrs
  • Brian Mahlstedt (60yo)

    Executive VP & Chief Lending Officer of First National Community Bank

    • Tenure: 6.1yrs
    • Compensation: US$313.29k
  • Aaron Cunningham (42yo)

    Senior VP & Chief Credit Officer

    • Tenure: 0yrs

Board Members

  • Louis DeNaples (79yo)

    Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$30.00k
  • John Moses (73yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$42.68k
  • Joseph Coccia (65yo)

    Secretary & Director

    • Tenure: 21.8yrs
    • Compensation: US$30.00k
  • Keith Eckel (72yo)

    Independent Director

    • Tenure: 5.1yrs
    • Compensation: US$30.00k
  • Jerry Champi (58yo)

    President

    • Tenure: 3.3yrs
    • Compensation: US$561.25k
  • Vithalbhai Dhaduk (65yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$30.00k
  • Louis DeNaples (52yo)

    Vice Chairman of the Board

    • Tenure: 5.8yrs
    • Compensation: US$30.00k
  • Thomas Melone (61yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: US$30.00k
  • Bill Bracey (64yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$30.00k
  • Katie Lambert (57yo)

    Director

    • Tenure: 2.1yrs
    • Compensation: US$30.00k

Company Information

FNCB Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FNCB Bancorp, Inc.
  • Ticker: FNCB
  • Exchange: NasdaqCM
  • Founded: 1910
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$148.239m
  • Shares outstanding: 20.17m
  • Website: https://www.fncb.com

Number of Employees


Location

  • FNCB Bancorp, Inc.
  • 102 East Drinker Street
  • Dunmore
  • Pennsylvania
  • 18512
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNCBNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDSep 1996

Biography

FNCB Bancorp, Inc. operates as the holding company for FNCB Bank that provides retail and commercial banking services to individuals, businesses, local governments, and municipalities in Northeastern Penns ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/20 23:36
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.