Thursday, December 05, 2013 1:09:01 PM
Reading through their latest annual report FNCB specifically points out that they are trying to regain "normalized status with their industry regulators'. They are still operating under the consent order with the office of the comptroller of the currency (OCC) and the written agreement with the Fed Reserve Bank of Philadelphia.
They state they are close to comply with all provisions under those orders except the capital ratios. FNCB needs their risk based capital level at 13% and they state they are within striking distance of that ratio.
Their 6/30/2013 reported risk based capital level was 12.27%.
In their 9/30/2013 call report, risk based capital level is 12.62%
There is a good possibility that just assuming similar qtr over qtr. progress that they will hit a 13% risk based capital level for the 12/31/2013 qtr.
FNCB is close to comply with all provisions and the consent order should be lifted soon. That will enable them to start paying a dividend again (which with the high insider ownership is likely) and better access to capital markets.
good luck FNCB shareholders
Recent FNCB News
- FNCB Bancorp, Inc. Announces First Quarter 2024 Earnings • GlobeNewswire Inc. • 04/30/2024 08:05:07 PM
- FNCB Bancorp, Inc. Declares Second Quarter 2024 Dividend • GlobeNewswire Inc. • 04/24/2024 08:05:00 PM
- Peoples Financial Services Corp. and FNCB Bancorp, Inc. Announce Receipt of Shareholder Approval for Merger • PR Newswire (US) • 03/22/2024 08:10:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/08/2024 09:06:02 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 02/13/2024 11:02:59 AM
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 07:29:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/30/2024 09:07:12 PM
- FNCB Bancorp, Inc. Announces Fourth Quarter and Year to Date 2023 Earnings • GlobeNewswire Inc. • 01/30/2024 09:05:32 PM
- Form DEFM14A - Definitive proxy statement relating to merger or acquisition • Edgar (US Regulatory) • 01/24/2024 10:08:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/24/2024 09:06:22 PM
- FNCB Bancorp, Inc. Declares First Quarter 2024 Dividend • GlobeNewswire Inc. • 01/24/2024 09:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 10:01:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:59:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:58:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:56:18 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:49:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:48:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:41:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:39:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:26:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:24:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/19/2023 09:13:01 PM
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