- FNCB Bancorp is the holding company of a small community bank in Pennsylvania with just under $1.7B in total assets.
- The bank's EPS exceeded $1 in 2021 and should remain above this level in 2022, even when loan loss provisions normalize.
- Only a very small minority of the loan book is classified as non-accrual, and the current loan loss provisions seem to be covering the risks.
- The dividend yield is low, but FNCB retains the majority of its earnings, this boosts the TBV by over $0.70 per year.
For further details see:
FNCB Bancorp: A 3.16% Yield With A Sub-30% Payout Ratio