FNCB Bancorp's (FNCB) earnings are expected to rise by only 0.7% year over year in 2020. The growth is attributable to expectations of low loan growth and slight net interest margin expansion. However, natural growth in non-interest expense is expected to constrain the growth of the bottom line. FNCB is expected to maintain its quarterly dividend in 2020 at the current level of $0.05 per share.
Regional Economic Slowdown to Negatively Impact Loan Growth
The outlook on FNCB's loan growth is not very bright due to heightened loan payoffs after interest rate cuts