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Last $5.02 USD
Change Today -0.08 / -1.57%
Volume 1.0K
FNCB On Other Exchanges
Symbol
Exchange
OTC US
As of 9:30 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

first natl community bncrp (FNCB) Snapshot

Open
$5.02
Previous Close
$5.10
Day High
$5.02
Day Low
$5.02
52 Week High
09/10/14 - $6.75
52 Week Low
08/26/15 - $5.02
Market Cap
82.8M
Average Volume 10 Days
820.9
EPS TTM
$0.48
Shares Outstanding
16.5M
EX-Date
02/26/10
P/E TM
10.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST NATL COMMUNITY BNCRP (FNCB)

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first natl community bncrp (FNCB) Details

First National Community Bancorp, Inc. operates as the bank holding company for First National Community Bank that provides retail and commercial banking services to individuals and businesses in Northeastern Pennsylvania. The company accepts various checking, savings, and certificate of deposit products. It also offers one- to four-family residential mortgage loans; construction, land acquisition, and development loans; commercial real estate loans; commercial and industrial loans; consumer loans, such as secured and unsecured installment loans, lines of credit, overdraft protection loans, home equity loans, and lines of credit; and state and political subdivision loans. In addition, the company provides automated teller machine, online banking, and remote deposit capture services; and wealth management services through a third party. As of December 31, 2014, the company operated 19 full-service branch offices in Lackawanna, Luzerne, and Wayne counties. First National Community Bancorp, Inc. was founded in 1910 and is headquartered in Dunmore, Pennsylvania.

219 Employees
Last Reported Date: 06/2/15
Founded in 1910

first natl community bncrp (FNCB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $308.4K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $195.5K
Chief Lending Officer of First National Commu...
Total Annual Compensation: $177.5K
Chief Operating Officer of First National Com...
Total Annual Compensation: $242.5K
Senior Vice President of First National Commu...
Total Annual Compensation: $153.8K
Compensation as of Fiscal Year 2014.

first natl community bncrp (FNCB) Key Developments

First National Community Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Charges Off for the Second Quarter Ended June 30, 2015

First National Community Bancorp, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $7,699,000 against $8,218,000 a year ago. Income before income taxes was $841,000 against $6,670,000 a year ago. Net income was $819,000 or $0.05 basic and diluted per share against $6,580,000 or $0.40 basic and diluted per share a year ago. Net interest income was $6,500,000 against $7,121,000 a year ago. The decrease in earnings reflected non-recurring income recorded in 2014 related to two legal settlements received in the second quarter of 2014 and a gain on the sale of the Company's retail banking operations in Monroe County in the first quarter of 2014. Annualized return on average assets was 0.34% against 2.73% a year ago. Annualized return on average equity was 5.89% against 60.91% a year ago. For the six months, the company reported total interest income of $15,396,000 against $16,342,000 a year ago. Income before income taxes was $4,254,000 against $10,253,000 a year ago. Net income was $4,294,000 or $0.26 basic and diluted per share against $10,093,000 or $0.61 basic and diluted per share a year ago. The decrease in earnings reflected non-recurring income recorded in 2014 related to two legal settlements received in the second quarter of 2014 and a gain on the sale of the Company's retail banking operations in Monroe County in the first quarter of 2014. Annualized return on average assets was 0.89% against 2.09% a year ago. Annualized return on average equity was 15.84% against 50.62% a year ago. Book value per share as on June 30, 2015 was $3.33 against $2.99 as at June 30, 2014. Tangible book value as on June 30, 2015 was $3.32 against $2.96 as at June 30, 2014. For the quarter, the company reported net charge-offs of $961 million against net recoveries of $3,591 million a year ago.

First National Community Bancorp, Inc. Announces Approval of its Proposal to Amend the Terms of its Subordinated Debentures

First National Community Bancorp, Inc. announced that the holders of the company's 9.00% fixed-rate subordinated notes due 2019 approved the company's proposal to amend the original terms of the Notes as follows: reduce the interest rate payable on the Notes from 9.00% to 4.50% effective July 1, 2015; and accelerate a partial repayment of principal amount due under the Notes. The amendments to the Notes were conditional upon approval by the Federal Reserve Bank of Philadelphia, the company's regulator and receiving the consent to the proposed amendments from all holders of the entire principal amount of $25,000,000 in Notes outstanding. The company received approval from its regulator on May 27, 2015 and received consents from each of the holders on June 26, 2015. Pursuant to the approved proposal, the company repaid 44% of the original principal amount, or $11,000,000, of the Notes outstanding to the holders on June 30, 2015, with the remaining $14,000,000 in principal to be repaid as follows: 16% of the original principal amount, or $4,000,000, payable on September 1, 2017; 20% of the original principal amount, or $5,000,000, payable on September 1, 2018; and the final 20% of the original principal amount, or $5,000,000, payable on September 1, 2019, the maturity date of the Notes. Effective July 1, 2015, interest began accruing on the Notes at a rate of 4.50% per annum on the basis of a 360-day year. The Company has been deferring interest on the Notes since September 2010 because of regulatory restrictions, including provisions imposed by a Written Agreement entered into by the company and the Federal Reserve Bank of Philadelphia dated November 24, 2010. As of June 30, 2015 the accumulated accrued and unpaid interest on the Notes was $11,022,250. It is the intent of the company to request regulatory approval to resume the regularly scheduled quarterly interest payments on a go-forward basis. There can be no guarantee that such requests will be granted. Additionally, the company has no present intention to request approval from the Federal Reserve Bank of Philadelphia to pay accrued and unpaid interest associated with the Notes.

First National Community Bancorp, Inc. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge-Offs for the First Quarter Ended March 31, 2015

First National Community Bancorp, Inc. reported consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s net income was $3.475 million or $0.21 per basic and diluted share compared to net income of $3.513 million or $0.21 per basic and diluted share a year ago. Net interest income before credit for loan and lease losses was $6.282 million compared to $6.551 million a year ago. Income before income taxes was $3.413 million compared to $3.583 million a year ago. Total interest income was $7.697 million compared to $8.124 million a year ago. Book value per share was $3.38 as at March 31, 2015 against $2.46 as at March 31, 2014. Annualized return on average assets was 1.45% against 1.46% a year ago. Annualized return on average shareholders' equity was 26.34% against 38.45% a year ago. Net interest income was $6.475 million compared to $7.089 million a year ago. Comparing the first quarter results for 2015 and 2014, earnings were impacted by decreases in net interest income, non-interest income and the credit for loan and lease losses, which were almost entirely offset by a reduction in non-interest expense. Net interest income before the credit for loan and lease losses decreased, this is driven by the continued repositioning of the investment portfolio from higher-yielding tax-exempt securities to taxable securities in conjunction with current tax planning strategies centered on future recognition of the valuation allowance for net deferred tax assets. For the quarter, the company announced net charge-offs of $82,000 against net charge-off recoveries of $142,000 for the same period a year ago.

 

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FNCB

Industry Average

Valuation FNCB Industry Range
Price/Earnings 11.0x
Price/Sales 2.2x
Price/Book 1.5x
Price/Cash Flow 11.0x
TEV/Sales NM Not Meaningful
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