First National Community Bancorp, Inc. (FNCB) Reports 2021 EPS of $1.06; Announces 750K Share Buyback

FNCB Bancorp, Inc. Reports Earnings Increase for 2021 of 39% and Announces Authorization of Stock Repurchase Program

DUNMORE, Pa., Jan. 28, 2022 (GLOBE NEWSWIRE) -- FNCB Bancorp, Inc. (NASDAQ: FNCB), the parent company of Dunmore-based FNCB Bank (the Bank), today reported net income for 2021 of $21.4 million, or $1.06 per basic and diluted share, compared to net income of $15.3 million, or $0.76 per basic and diluted share, for 2020. The $6.0 million, or 39.3%, earnings improvement was due primarily to a $8.8 million, or 21.9%, increase in net interest income, coupled with a $1.8 million, or 91.5%, reduction in the provision for loan and lease losses.  Partially offsetting these positive factors was a $1.0 million, or 10.6%, decrease in non-interest income and a $2.2 million, or 7.5%,... More