FNCB Bancorp
Market Cap
US$124.5m
Last Updated
2021/01/21 23:24 UTC
Data Sources
Company Financials
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and undervalued.
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
Stable Share Price: FNCB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: FNCB's weekly volatility has decreased from 14% to 9% over the past year.
Market Performance
7 Day Return
-4.7%
FNCB
-5.3%
US Banks
1.4%
US Market
1 Year Return
-24.2%
FNCB
-8.4%
US Banks
22.6%
US Market
Return vs Industry: FNCB underperformed the US Banks industry which returned -7.2% over the past year.
Return vs Market: FNCB underperformed the US Market which returned 22.8% over the past year.
Shareholder returns
| FNCB | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.7% | -5.3% | 1.4% |
| 30 Day | -15.1% | 9.9% | 4.9% |
| 90 Day | 7.5% | 29.9% | 14.6% |
| 1 Year | -21.5%-24.2% | -5.0%-8.4% | 25.4%22.6% |
| 3 Year | -9.5%-16.3% | -2.1%-10.5% | 46.8%37.0% |
| 5 Year | 32.0%19.0% | 82.1%59.0% | 132.0%106.1% |
Long-Term 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
3 weeks ago | Simply Wall St
Would FNCB Bancorp, Inc. (NASDAQ:FNCB) Be Valuable To Income Investors?1 month ago | Simply Wall St
FNCB Bancorp, Inc. (NASDAQ:FNCB) Will Pay A US$0.055 Dividend In Four Days2 months ago | Simply Wall St
Here's What We Learned About The CEO Pay At FNCB Bancorp, Inc. (NASDAQ:FNCB)Valuation
Is FNCB Bancorp undervalued compared to its fair value and its price relative to the market?
38.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FNCB ($6.15) is trading below our estimate of fair value ($10.05)
Significantly Below Fair Value: FNCB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FNCB is good value based on its PE Ratio (9.1x) compared to the US Banks industry average (12.3x).
PE vs Market: FNCB is good value based on its PE Ratio (9.1x) compared to the US market (21.1x).
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 (0.8x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is FNCB Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
13.8%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as FNCB Bancorp has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Next Steps
- Examine whether FNCB Bancorp is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- Explore growth companies in the Banks industry.
Past Performance
How has FNCB Bancorp performed over the past 5 years?
-21.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FNCB has high quality earnings.
Growing Profit Margin: FNCB's current net profit margins (29.9%) are lower than last year (35%).
Past Earnings Growth Analysis
Earnings Trend: FNCB's earnings have declined by 21.2% per year over the past 5 years.
Accelerating Growth: FNCB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FNCB had negative earnings growth (-6.4%) over the past year, making it difficult to compare to the Banks industry average (-4.3%).
Return on Equity
High ROE: FNCB's Return on Equity (9.1%) is considered low.
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
Financial Institutions Analysis
Asset Level: FNCB's Assets to Equity ratio (9.6x) is low.
Allowance for Bad Loans: FNCB has a sufficient allowance for bad loans (199%).
Low Risk Liabilities: 98% of FNCB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FNCB has an appropriate level of Loans to Assets ratio (66%).
Low Risk Deposits: FNCB's Loans to Deposits ratio (75%) is appropriate.
Level of Bad Loans: FNCB has an appropriate level of bad loans (0.6%).
Next Steps
Dividend
What is FNCB Bancorp current dividend yield, its reliability and sustainability?
3.58%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FNCB's dividend (3.58%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: FNCB's dividend (3.58%) is low compared to the top 25% of dividend payers in the US market (3.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FNCB has been paying a dividend for less than 10 years.
Growing Dividend: FNCB's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (31.7%), 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
How experienced are the management team and are they aligned to shareholders interests?
8.0yrs
Average management tenure
CEO
Jerry Champi (59 yo)
4.5yrs
Tenure
US$656,873
Compensation
Mr. Gerard A. Champi, also known as Jerry, was elected to the Board of Directors of FNCB Bancorp, Inc. (“Company”) and FNCB Bank on July 01, 2016. Mr. Champi serves as President and Chief Executive Officer...
CEO Compensation Analysis
Compensation vs Market: Jerry's total compensation ($USD656.87K) is about average for companies of similar size in the US market ($USD533.25K).
Compensation vs Earnings: Jerry's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.5yrs | US$656.87k | 0.44% $ 550.8k | |
| Executive VP | 8.33yrs | US$388.09k | 0.23% $ 291.3k | |
| Secretary & Director | 23yrs | US$46.25k | 1.02% $ 1.3m | |
| Executive VP & Chief Lending Officer of First National Community Bank | 7.33yrs | US$341.88k | 0.21% $ 259.7k | |
| Senior VP & Chief Business Development Officer | no data | no data | 0.012% $ 15.2k | |
| Vice President of First National Community Bank | 43yrs | no data | no data | |
| 1st SVP | no data | US$151.98k | no data | |
| Senior VP & Retail Lending Officer of First National Community Bank | 15.08yrs | US$176.97k | 0.048% $ 59.7k | |
| Senior VP & Compliance Officer of First National Community Bank | 7.75yrs | no data | 0.074% $ 91.6k | |
| Vice President and Regional Manager | no data | no data | no data | |
| Vice President and Relationship Manager | no data | no data | no data | |
| Executive VP & General Counsel of First National Community Bank | 8.25yrs | US$212.31k | 0.13% $ 157.9k |
8.0yrs
Average Tenure
61yo
Average Age
Experienced Management: FNCB's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.5yrs | US$656.87k | 0.44% $ 550.8k | |
| Secretary & Director | 23yrs | US$46.25k | 1.02% $ 1.3m | |
| Independent Chairman of the Board | 1.67yrs | US$46.00k | 9.35% $ 11.6m | |
| Independent Director | 22yrs | US$59.31k | 0.51% $ 637.6k | |
| Independent Director | 6.33yrs | US$47.50k | 0.066% $ 81.8k | |
| Independent Director | 3.33yrs | US$46.00k | 0.58% $ 718.2k | |
| Independent Vice Chairman of the Board | 7.08yrs | US$45.00k | 1.34% $ 1.7m | |
| Independent Director | 9.67yrs | US$48.50k | 0.044% $ 54.6k | |
| Independent Director | 6.67yrs | US$46.25k | 0.69% $ 860.5k | |
| Independent Director | 3.33yrs | US$47.25k | 0.050% $ 62.3k | |
| Independent Director | 3.33yrs | US$45.00k | 1.52% $ 1.9m | |
| Member of Advisory Board | no data | no data | no data |
6.3yrs
Average Tenure
65yo
Average Age
Experienced Board: FNCB's board of directors are considered experienced (6.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$124.498m
- Shares outstanding: 20.24m
- Website: https://www.fncb.com
Number of Employees
Location
- FNCB Bancorp, Inc.
- 102 East Drinker Street
- Dunmore
- Pennsylvania
- 18512
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FNCB | NasdaqCM (Nasdaq Capital Market) | Yes | Common Stock | US | USD | Sep 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/21 23:24 |
| End of Day Share Price | 2021/01/21 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.