First National Community Bancorp Inc (FNCB) 5.2500 $FNCB
First National Community Bancorp, Inc. Reports 4th Quarter and Annual Net Income for 2013
PR Newswire - Mon Mar 24, 3:33PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank"
, announced today that it has filed its annual report on Form 10-K for the year ended December 31, 2013. Company results for the fourth quarter of 2013 include net income of $2.0 million, or $0.13 per basic and diluted share, compared to a net loss of $5.1 million, or $(0.30) per basic and diluted share, for the prior year fourth quarter. Total interest income was $8.4 million compared to $8.9 million for fourth quarter 2012, and total interest expense for fourth quarter 2013 was $1.7 million, a decrease from $2.1 million in the prior year quarter. The Company recorded a credit for loan and lease losses in the fourth quarter of 2013 in the amount of $3.9 million compared to a provision for loan and lease losses of $689,000 for fourth quarter 2012. Non-interest expense totaled $10.7 million for fourth quarter 2013, down $110,000 from $10.8 million in the prior year fourth quarter, reflecting reduced operating expenses offset by an accrual of $2.5 million for attorneys' fees and costs as part of the settlement of the shareholders' derivative lawsuit. Legal expense of approximately $650,000 in the fourth quarter 2013 remained above the Company's estimated costs for future periods, though costs are expected to normalize at the conclusion of certain ongoing legal matters.
ESSA Bancorp Acquires a Monroe County, PA. Branch Facility, Deposits and Loans
Marketwire - Fri Jan 24, 4:00PM CST
ESSA Bancorp, Inc. (NASDAQ: ESSA), the holding company for ESSA Bank & Trust, a $1.36 billion asset institution providing a full range of retail, commercial financial services, and financial advisory and asset management capabilities, today announced that ESSA Bank & Trust completed its acquisition of a branch facility and customer deposits and loans from First National Community Bank (FNCB), the subsidiary of First National Community Bancorp, Inc.
First National Community Bancorp, Inc. Announces Settlement of Derivative Action
PR Newswire - Wed Dec 04, 3:22PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced that it has entered into a Stipulation of Settlement to settle derivative claims filed against certain current and former directors of the Company in the Court of Common Pleas in Lackawanna County and in which action the Company was named as a nominal defendant.
First National Community Bancorp, Inc. Announces Third Quarter 2013 Net Income of $1.9 Million
PR Newswire - Tue Nov 12, 3:13PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced continued improvement in operating results for the third quarter and nine months ended September 30, 2013, compared to the prior year periods. The Company reported net income of $1.9 million, or $0.11 per basic and diluted share, compared to a net loss of $6.5 million, or $(0.40) per basic and diluted share, for the third quarter of 2012. Net income for the nine months ended September 30, 2013 was $4.3 million, or $0.26 per basic and diluted share, compared to a net loss of $8.7 million, or $(0.53) per basic and diluted share, for the comparable period of 2012. The improved performance for the quarter and nine months ended September 30, 2013 resulted primarily from: a reduction in the allowance for loan and lease losses reserve of $1.2 million and $2.4 million respectively, compared with loan and lease loss provisions of $3.8 million and $3.4 million for the prior year comparable periods; an increase in non-interest income of $0.7 million and $2.5 million for the respective periods, primarily reflecting increased gains on the sale of securities; and decreased non-interest expense of $3.1 million and $6.7 million for the respective periods, primarily due to successful cost containment initiatives and reduced reliance on outside consultants.
First National Community Bank Enhances Capital Position by Divesting Monroe County Branch Banking Activities
PR Newswire - Fri Aug 16, 2:09PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced the execution of a Purchase and Assumption Agreement ("Agreement" for the sale of its retail banking activities in Monroe County, Pennsylvania to ESSA Bank & Trust, the wholly owned subsidiary of ESSA Bancorp, Inc. (NasdaqGS:ESSA). The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2013. [Refer to SEC Form 8-K for the terms of the transaction].
ESSA Bancorp Announces Monroe County, Pa. Branch Facility Acquisition, Deposit and Loan Assumption
Marketwire - Fri Aug 16, 2:00PM CDT
ESSA Bancorp, Inc. (NASDAQ: ESSA), the holding company for ESSA Bank & Trust, a $1.38 billion asset institution providing a full range of retail, commercial financial services, and financial advisory and asset management capabilities, today announced plans for ESSA Bank & Trust to acquire from First National Community Bank, the subsidiary of First National Community Bancorp, Inc. (OTCQB: FNCB), a branch and customer deposits and loans from two FNCB offices located in Monroe County, Pennsylvania.
First National Community Bancorp, Inc. Reports Continued Positive Earnings for Second Quarter of 2013
PR Newswire - Tue Aug 13, 4:11PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced improved operating results for the second quarter and six months ended June 30, 2013. The Company reported net income of $0.7 million, or $0.04 per basic and diluted share, compared to a net loss of $1.0 million, or $(0.06) per basic and diluted share, for the second quarter of 2012. Net income for the six months ended June 30, 2013, was $2.5 million, or $0.15 per basic and diluted share, compared to a net loss of $2.1 million, or $(0.13) for the comparable period of 2012. The improved performance for the quarter and six months ended June 30, 2013 resulted from an increase in non-interest income of $0.7 million and $1.7 million for the respective periods, primarily reflecting increased gains on the sale of securities, along with decreases in non-interest expense of $2.0 million and $3.6 million for the respective periods, primarily reflecting cost containment initiatives and less reliance on outside consultants.
First National Community Bancorp, Inc. Reports First Quarter 2013 Net Income of $1.7 Million
PR Newswire - Tue May 14, 3:23PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced its operating results for the quarter ended March 31, 2013. The Company reported net income of $ 1.7 million, or $0.11 per basic and diluted share, compared to a net loss of $1.2 million, or $(0.07) per basic and diluted share, for the prior year first quarter. The improved performance for first quarter 2013 was a result of an increase in the credit for loan and lease losses, resulting primarily from a recovery on a commercial loan that was previously charged off, and higher non-interest income, primarily related to net gain on the sale of securities, compared to first quarter 2012.
First National Community Bancorp, Inc. Reports 4th Quarter and Annual Results for 2012
PR Newswire - Thu Mar 28, 3:17PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, announced today that it has filed its annual report on Form 10-K for the year ended December 31, 2012. Company results for the fourth quarter of 2012 include a net loss of $5.1 million, or ($0.30) per basic and diluted share, compared to a net profit of $436,000, or $0.03 per basic and diluted share, for the prior year fourth quarter. Total interest income was $8.9 million compared to $9.7 million for the fourth quarter 2011, and total interest expense for the fourth quarter 2012 was $2.1 million, down 25% from $2.8 million in the prior year quarter. The Company's fourth quarter 2012 provision for loan and lease losses was $689,000 compared to a credit of $1.5 million for the fourth quarter 2011. Non-interest expense was $10.8 million, down $337,000, or 3%, from $11.1 million in the prior year fourth quarter, reflecting the Company's focus on reducing non-interest expenses. Fourth qua
First National Community Bancorp, Inc. Reports 4th Quarter and Annual Net Income for 2013
PR Newswire - Mon Mar 24, 3:33PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank"
, announced today that it has filed its annual report on Form 10-K for the year ended December 31, 2013. Company results for the fourth quarter of 2013 include net income of $2.0 million, or $0.13 per basic and diluted share, compared to a net loss of $5.1 million, or $(0.30) per basic and diluted share, for the prior year fourth quarter. Total interest income was $8.4 million compared to $8.9 million for fourth quarter 2012, and total interest expense for fourth quarter 2013 was $1.7 million, a decrease from $2.1 million in the prior year quarter. The Company recorded a credit for loan and lease losses in the fourth quarter of 2013 in the amount of $3.9 million compared to a provision for loan and lease losses of $689,000 for fourth quarter 2012. Non-interest expense totaled $10.7 million for fourth quarter 2013, down $110,000 from $10.8 million in the prior year fourth quarter, reflecting reduced operating expenses offset by an accrual of $2.5 million for attorneys' fees and costs as part of the settlement of the shareholders' derivative lawsuit. Legal expense of approximately $650,000 in the fourth quarter 2013 remained above the Company's estimated costs for future periods, though costs are expected to normalize at the conclusion of certain ongoing legal matters. ESSA Bancorp Acquires a Monroe County, PA. Branch Facility, Deposits and Loans
Marketwire - Fri Jan 24, 4:00PM CST
ESSA Bancorp, Inc. (NASDAQ: ESSA), the holding company for ESSA Bank & Trust, a $1.36 billion asset institution providing a full range of retail, commercial financial services, and financial advisory and asset management capabilities, today announced that ESSA Bank & Trust completed its acquisition of a branch facility and customer deposits and loans from First National Community Bank (FNCB), the subsidiary of First National Community Bancorp, Inc.
First National Community Bancorp, Inc. Announces Settlement of Derivative Action
PR Newswire - Wed Dec 04, 3:22PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced that it has entered into a Stipulation of Settlement to settle derivative claims filed against certain current and former directors of the Company in the Court of Common Pleas in Lackawanna County and in which action the Company was named as a nominal defendant.
First National Community Bancorp, Inc. Announces Third Quarter 2013 Net Income of $1.9 Million
PR Newswire - Tue Nov 12, 3:13PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced continued improvement in operating results for the third quarter and nine months ended September 30, 2013, compared to the prior year periods. The Company reported net income of $1.9 million, or $0.11 per basic and diluted share, compared to a net loss of $6.5 million, or $(0.40) per basic and diluted share, for the third quarter of 2012. Net income for the nine months ended September 30, 2013 was $4.3 million, or $0.26 per basic and diluted share, compared to a net loss of $8.7 million, or $(0.53) per basic and diluted share, for the comparable period of 2012. The improved performance for the quarter and nine months ended September 30, 2013 resulted primarily from: a reduction in the allowance for loan and lease losses reserve of $1.2 million and $2.4 million respectively, compared with loan and lease loss provisions of $3.8 million and $3.4 million for the prior year comparable periods; an increase in non-interest income of $0.7 million and $2.5 million for the respective periods, primarily reflecting increased gains on the sale of securities; and decreased non-interest expense of $3.1 million and $6.7 million for the respective periods, primarily due to successful cost containment initiatives and reduced reliance on outside consultants.
First National Community Bank Enhances Capital Position by Divesting Monroe County Branch Banking Activities
PR Newswire - Fri Aug 16, 2:09PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced the execution of a Purchase and Assumption Agreement ("Agreement"
for the sale of its retail banking activities in Monroe County, Pennsylvania to ESSA Bank & Trust, the wholly owned subsidiary of ESSA Bancorp, Inc. (NasdaqGS:ESSA). The transaction is subject to regulatory approvals and is expected to close in the fourth quarter of 2013. [Refer to SEC Form 8-K for the terms of the transaction]. ESSA Bancorp Announces Monroe County, Pa. Branch Facility Acquisition, Deposit and Loan Assumption
Marketwire - Fri Aug 16, 2:00PM CDT
ESSA Bancorp, Inc. (NASDAQ: ESSA), the holding company for ESSA Bank & Trust, a $1.38 billion asset institution providing a full range of retail, commercial financial services, and financial advisory and asset management capabilities, today announced plans for ESSA Bank & Trust to acquire from First National Community Bank, the subsidiary of First National Community Bancorp, Inc. (OTCQB: FNCB), a branch and customer deposits and loans from two FNCB offices located in Monroe County, Pennsylvania.
First National Community Bancorp, Inc. Reports Continued Positive Earnings for Second Quarter of 2013
PR Newswire - Tue Aug 13, 4:11PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced improved operating results for the second quarter and six months ended June 30, 2013. The Company reported net income of $0.7 million, or $0.04 per basic and diluted share, compared to a net loss of $1.0 million, or $(0.06) per basic and diluted share, for the second quarter of 2012. Net income for the six months ended June 30, 2013, was $2.5 million, or $0.15 per basic and diluted share, compared to a net loss of $2.1 million, or $(0.13) for the comparable period of 2012. The improved performance for the quarter and six months ended June 30, 2013 resulted from an increase in non-interest income of $0.7 million and $1.7 million for the respective periods, primarily reflecting increased gains on the sale of securities, along with decreases in non-interest expense of $2.0 million and $3.6 million for the respective periods, primarily reflecting cost containment initiatives and less reliance on outside consultants.
First National Community Bancorp, Inc. Reports First Quarter 2013 Net Income of $1.7 Million
PR Newswire - Tue May 14, 3:23PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced its operating results for the quarter ended March 31, 2013. The Company reported net income of $ 1.7 million, or $0.11 per basic and diluted share, compared to a net loss of $1.2 million, or $(0.07) per basic and diluted share, for the prior year first quarter. The improved performance for first quarter 2013 was a result of an increase in the credit for loan and lease losses, resulting primarily from a recovery on a commercial loan that was previously charged off, and higher non-interest income, primarily related to net gain on the sale of securities, compared to first quarter 2012.
First National Community Bancorp, Inc. Reports 4th Quarter and Annual Results for 2012
PR Newswire - Thu Mar 28, 3:17PM CDT
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, announced today that it has filed its annual report on Form 10-K for the year ended December 31, 2012. Company results for the fourth quarter of 2012 include a net loss of $5.1 million, or ($0.30) per basic and diluted share, compared to a net profit of $436,000, or $0.03 per basic and diluted share, for the prior year fourth quarter. Total interest income was $8.9 million compared to $9.7 million for the fourth quarter 2011, and total interest expense for the fourth quarter 2012 was $2.1 million, down 25% from $2.8 million in the prior year quarter. The Company's fourth quarter 2012 provision for loan and lease losses was $689,000 compared to a credit of $1.5 million for the fourth quarter 2011. Non-interest expense was $10.8 million, down $337,000, or 3%, from $11.1 million in the prior year fourth quarter, reflecting the Company's focus on reducing non-interest expenses. Fourth qua
