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Last $6.05 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

first natl community bncrp (FNCB) Snapshot

Open
$6.05
Previous Close
$6.05
Day High
$6.05
Day Low
$6.05
52 Week High
09/10/14 - $6.75
52 Week Low
02/10/15 - $5.12
Market Cap
99.8M
Average Volume 10 Days
743.9
EPS TTM
$0.75
Shares Outstanding
16.5M
EX-Date
02/26/10
P/E TM
8.0x
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 personal, small business, and commercial banking solutions to individuals and businesses in northeastern Pennsylvania. Its deposit products include checking, savings, and certificates of deposit products. The company’s loan portfolio comprises one-to-four-family residential mortgage loans; construction, land acquisition, and development loans; commercial real estate loans; commercial and industrial loans; and loans to state and political subdivisions, as well as consumer loans, such as secured and unsecured installment loans, personal lines of credit, overdraft protection loans, and home equity loans, as well as home equity lines of credit. It also offers wealth management, automated teller machines, and remote deposit capture services. As of December 31, 2013, the company operated 21 full-service branch offices in four contiguous counties, including Lackawanna, Luzerne, Wayne, and Monroe, Pennsylvania. 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 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.

First National Community Bancorp, Inc., Annual General Meeting, May 20, 2015

First National Community Bancorp, Inc., Annual General Meeting, May 20, 2015., at 09:00 US Eastern Standard Time. Location: First National Community Bank's Exeter Branch Office located at 1625 Wyoming Avenue. Agenda: To elect four (4) directors to the Board of Directors for terms expiring in 2018 and until their successors are elected; to approve the compensation of the Company's named executive officers (referred to as the Company's 2015 say-on-pay proposal); to ratify the appointment of Baker Tilly Virchow Krause, LLP as the Company's independent registered public accounting firm for the year ending December 31, 2015; and to transact any other business properly presented at the annual meeting and any adjournment or postponement of the meeting.

 

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FNCB Competitors

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Evans Bancorp Inc $23.90 USD 0.00
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Somerset Trust Holding Co $42.00 USD 0.00
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Industry Analysis

FNCB

Industry Average

Valuation FNCB Industry Range
Price/Earnings 7.4x
Price/Sales 2.3x
Price/Book 1.8x
Price/Cash Flow 7.5x
TEV/Sales NM Not Meaningful
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