First National Community Bancorp Inc (FNCB) 5.1000 $FNCB
First National Community Bancorp, Inc. Announces Release from Written Agreement
GlobeNewswire - Tue Sep 08, 10:09AM CDT
First National Community Bancorp, Inc. (OTCQX:FNCB) ("Company"
, announced today that it has been fully and completely released from the Written Agreement (the "Agreement" entered into with the Federal Reserve Bank of Philadelphia (the "Reserve Bank" on November 24, 2010. The effective date of the release from the Agreement was September 2, 2015.
First National Community Bancorp, Inc. Announces Second Quarter 2015 Net Income
GlobeNewswire - Thu Jul 30, 3:07PM CDT
First National Community Bancorp, Inc. (OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank", today reported net income for the three months ended June 30, 2015 of $0.8 million, or $0.05 per basic and diluted share. Net income for the comparable period of 2014 was $6.6 million, or $0.40 per basic and diluted share. For the six months ended June 30, 2015, net income was $4.3 million, or $0.26 per basic and diluted share, a decrease of $5.8 million compared to $10.1 million, or $0.61 per basic and diluted share, for the same six months of 2014. The decrease in quarter- and year-to-date earnings reflected non-recurring income recorded in 2014 related to two legal settlements received in the second quarter of 2014 and a gain on the sale of the Company's retail banking operations in Monroe County in the first quarter of 2014.
First National Community Bancorp, Inc. Announces Approval of Its Proposal to Amend the Terms of Its Subordinated Debentures
GlobeNewswire - Tue Jun 30, 3:05PM CDT
First National Community Bancorp, Inc., (OTCQX:FNCB) (the "Company", announced today that the holders of the Company's 9.00% fixed-rate subordinated notes due 2019 (the "Notes" approved the Company's proposal to amend the original terms of the Notes as follows: 1) reduce the interest rate payable on the Notes from 9.00% to 4.50% effective July 1, 2015; and 2) 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.
First National Community Bancorp, Inc. Reports First Quarter 2015 Net Income of $3.5 Million
PR Newswire - Fri May 08, 3:31PM CDT
First National Community Bancorp, Inc. (OTCQX: FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank", today announced its operating results for the quarter ended March 31, 2015. The Company reported net income of $3.5 million, or $0.21 per basic and diluted share. Net income for the comparable period of 2014 was also $3.5 million, or $0.21 per basic and diluted share. 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. Annualized return on average assets and return on average equity were 1.45% and 26.34%, respectively, for the three months ended March 31, 2015, compared to 1.46% and 38.45%, respectively, for the same three months of 2014.
First National Community Bancorp, Inc. Announces Termination of OCC Consent Order
PR Newswire - Thu Mar 26, 8:07AM CDT
First National Community Bancorp, Inc. (OTCQX: FNCB) ("Company", announced today that First National Community Bank ("Bank", the Company's wholly-owned banking subsidiary, has been fully and completely released from the Consent Order ("CO" entered into with the Office of the Comptroller of the Currency ("OCC" in September 2010. The effective date of the termination of the CO was March 25, 2015.
First National Community Bancorp, Inc. Reports 110% Increase in 2014 Earnings
PR Newswire - Fri Mar 13, 3:20PM CDT
First National Community Bancorp, Inc. (OTCQX: FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank", today reported operating results for the year ended December 31, 2014 of $13.4 million or $0.81 per basic and diluted share, an increase of $7.0 million, or 110.3%, compared to $6.4 million, or $0.39 per basic and diluted share, for the year ended December 31, 2013. The strong earnings performance was due largely to higher net interest and non-interest income, coupled with a decrease in non-interest expense. Return on average assets and return on average shareholders' equity equaled 1.38% and 29.50%, respectively in 2014, compared to 0.67% and 18.65%, respectively, in 2013. For the fourth quarter of 2014, the Company recorded a loss of $31 thousand, or $0.00 per diluted common share, compared to net income of $2.0 million, or $0.13 per diluted share, for the same quarter of 2013. For the three months ended December 31, 2014, return on average assets and return on average shareholders' equity were (0.01)% and (0.24)%, respectively, compared to 0.83% and 24.30%, respectively, for the same three months of 2013. The change in fourth quarter earnings primarily reflected a decrease in the credit for loan and lease losses, coupled with an accrual totaling $1.5 million related to previously disclosed, one-time penalties assessed by regulatory authorities related to events in the Company's distant past.
First National Community Bancorp, Inc. Common Stock Begins Trading on the OTCQX Marketplace
PR Newswire - Tue Feb 17, 7:30AM CST
First National Community Bancorp, Inc. (OTCQX: FNCB), the parent company of Dunmore-based First National Community Bank, today announced that the Company's common stock will initiate trading on the OTCQX marketplace, effective today, under its existing ticker symbol FNCB. The Company's common shares previously traded on the OTCQB Venture Marketplace. Launched in the spring of 2014, OTCQX for Banks is an expansion of the OTCQX marketplace which was designed to increase the visibility of well-managed, strongly-capitalized community banks in the public markets.
FNBC: 35.08 (-0.13)
OTC Markets Group Welcomes First National Community Bancorp to OTCQX®
PR Newswire - Tue Feb 17, 6:00AM CST
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced First National Community Bancorp, Inc. (OTCQX: FNCB), the bank holding company for First National Community Bank in Dunmore, PA, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
First National Community Bancorp, Inc. Agrees to Settlement with SEC
PR Newswire - Thu Jan 29, 1:48PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced that on January 28, 2015 it had reached an agreement with the U.S. Securities and Exchange Commission ("SEC". The agreement relates to actions which occurred in 2009 and 2010, and which have since been addressed by the Company.
First National Community Bancorp, Inc. Makes Interest Payments on Trust Preferred Securities
PR Newswire - Mon Dec 15, 3:01PM CST
First National Community Bancorp, Inc., (OTCQB: FNCB) (the "Company", announced today that it brought current the interest payments that it had previously been deferring on the Company's indebtedness under $10.3 million of junior subordinated debentures related to its pooled trust preferred securities, which were issued through its trust affiliate, First National Community Statutory Trust I. The regularly scheduled interest payments and related trust preferred distributions had been deferred since December 2010.
First National Community Bancorp, Inc. Reports 79% Increase in Third Quarter 2014 Earnings
PR Newswire - Mon Nov 10, 3:13PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced a 78.9% increase in operating results for the three months ended September 30, 2014 over the same period of 2013. The Company reported net income of $3.4 million, or $0.20 per basic and diluted share, for the third quarter of 2014, compared to net income of $1.9 million, or $0.11 per basic and diluted share, for the same quarter of 2013. Net income for the nine months ended September 30, 2014 was $13.5 million, or $0.82 per basic and diluted share, a 214.0% increase compared to net income of $4.3 million, or $0.26 per basic and diluted share, for the comparable period of 2013. The improved performance for the third quarter resulted primarily from increases in non-interest income and net interest income, partially offset by a decrease in the credit for loan and lease losses. The increase in year-to-date net income reflected higher net interest and non-interest income, coupled with an increase in the credit for loan and lease losses for the nine-month period as a result of a $3.6 million full recovery on a previously charged-off commercial loan.
First National Community Bancorp, Inc. Adds Two Independent Directors to the Company's Board
PR Newswire - Wed Oct 01, 12:07PM CDT
First National Community Bancorp, Inc., (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced the election of two Northeastern Pennsylvania businessmen to the Corporation's Board of Directors. Mr. William G. Bracey was elected to the Company and Bank Boards on May 12, 2014, and Mr. Keith W. Eckel was elected to the Company and Bank Boards on September 24, 2014.
First National Community Bancorp, Inc. Announces Release from Written Agreement
GlobeNewswire - Tue Sep 08, 10:09AM CDT
First National Community Bancorp, Inc. (OTCQX:FNCB) ("Company"
, announced today that it has been fully and completely released from the Written Agreement (the "Agreement" entered into with the Federal Reserve Bank of Philadelphia (the "Reserve Bank" on November 24, 2010. The effective date of the release from the Agreement was September 2, 2015. First National Community Bancorp, Inc. Announces Second Quarter 2015 Net Income
GlobeNewswire - Thu Jul 30, 3:07PM CDT
First National Community Bancorp, Inc. (OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank"
, today reported net income for the three months ended June 30, 2015 of $0.8 million, or $0.05 per basic and diluted share. Net income for the comparable period of 2014 was $6.6 million, or $0.40 per basic and diluted share. For the six months ended June 30, 2015, net income was $4.3 million, or $0.26 per basic and diluted share, a decrease of $5.8 million compared to $10.1 million, or $0.61 per basic and diluted share, for the same six months of 2014. The decrease in quarter- and year-to-date earnings reflected non-recurring income recorded in 2014 related to two legal settlements received in the second quarter of 2014 and a gain on the sale of the Company's retail banking operations in Monroe County in the first quarter of 2014. First National Community Bancorp, Inc. Announces Approval of Its Proposal to Amend the Terms of Its Subordinated Debentures
GlobeNewswire - Tue Jun 30, 3:05PM CDT
First National Community Bancorp, Inc., (OTCQX:FNCB) (the "Company"
, announced today that the holders of the Company's 9.00% fixed-rate subordinated notes due 2019 (the "Notes" approved the Company's proposal to amend the original terms of the Notes as follows: 1) reduce the interest rate payable on the Notes from 9.00% to 4.50% effective July 1, 2015; and 2) 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. First National Community Bancorp, Inc. Reports First Quarter 2015 Net Income of $3.5 Million
PR Newswire - Fri May 08, 3:31PM CDT
First National Community Bancorp, Inc. (OTCQX: FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank"
, today announced its operating results for the quarter ended March 31, 2015. The Company reported net income of $3.5 million, or $0.21 per basic and diluted share. Net income for the comparable period of 2014 was also $3.5 million, or $0.21 per basic and diluted share. 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. Annualized return on average assets and return on average equity were 1.45% and 26.34%, respectively, for the three months ended March 31, 2015, compared to 1.46% and 38.45%, respectively, for the same three months of 2014. First National Community Bancorp, Inc. Announces Termination of OCC Consent Order
PR Newswire - Thu Mar 26, 8:07AM CDT
First National Community Bancorp, Inc. (OTCQX: FNCB) ("Company"
, announced today that First National Community Bank ("Bank", the Company's wholly-owned banking subsidiary, has been fully and completely released from the Consent Order ("CO" entered into with the Office of the Comptroller of the Currency ("OCC" in September 2010. The effective date of the termination of the CO was March 25, 2015. First National Community Bancorp, Inc. Reports 110% Increase in 2014 Earnings
PR Newswire - Fri Mar 13, 3:20PM CDT
First National Community Bancorp, Inc. (OTCQX: FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank"
, today reported operating results for the year ended December 31, 2014 of $13.4 million or $0.81 per basic and diluted share, an increase of $7.0 million, or 110.3%, compared to $6.4 million, or $0.39 per basic and diluted share, for the year ended December 31, 2013. The strong earnings performance was due largely to higher net interest and non-interest income, coupled with a decrease in non-interest expense. Return on average assets and return on average shareholders' equity equaled 1.38% and 29.50%, respectively in 2014, compared to 0.67% and 18.65%, respectively, in 2013. For the fourth quarter of 2014, the Company recorded a loss of $31 thousand, or $0.00 per diluted common share, compared to net income of $2.0 million, or $0.13 per diluted share, for the same quarter of 2013. For the three months ended December 31, 2014, return on average assets and return on average shareholders' equity were (0.01)% and (0.24)%, respectively, compared to 0.83% and 24.30%, respectively, for the same three months of 2013. The change in fourth quarter earnings primarily reflected a decrease in the credit for loan and lease losses, coupled with an accrual totaling $1.5 million related to previously disclosed, one-time penalties assessed by regulatory authorities related to events in the Company's distant past. First National Community Bancorp, Inc. Common Stock Begins Trading on the OTCQX Marketplace
PR Newswire - Tue Feb 17, 7:30AM CST
First National Community Bancorp, Inc. (OTCQX: FNCB), the parent company of Dunmore-based First National Community Bank, today announced that the Company's common stock will initiate trading on the OTCQX marketplace, effective today, under its existing ticker symbol FNCB. The Company's common shares previously traded on the OTCQB Venture Marketplace. Launched in the spring of 2014, OTCQX for Banks is an expansion of the OTCQX marketplace which was designed to increase the visibility of well-managed, strongly-capitalized community banks in the public markets.
FNBC: 35.08 (-0.13)
OTC Markets Group Welcomes First National Community Bancorp to OTCQX®
PR Newswire - Tue Feb 17, 6:00AM CST
OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced First National Community Bancorp, Inc. (OTCQX: FNCB), the bank holding company for First National Community Bank in Dunmore, PA, has qualified to trade on OTCQX®, the best marketplace for established, global and growth companies.
First National Community Bancorp, Inc. Agrees to Settlement with SEC
PR Newswire - Thu Jan 29, 1:48PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced that on January 28, 2015 it had reached an agreement with the U.S. Securities and Exchange Commission ("SEC"
. The agreement relates to actions which occurred in 2009 and 2010, and which have since been addressed by the Company. First National Community Bancorp, Inc. Makes Interest Payments on Trust Preferred Securities
PR Newswire - Mon Dec 15, 3:01PM CST
First National Community Bancorp, Inc., (OTCQB: FNCB) (the "Company"
, announced today that it brought current the interest payments that it had previously been deferring on the Company's indebtedness under $10.3 million of junior subordinated debentures related to its pooled trust preferred securities, which were issued through its trust affiliate, First National Community Statutory Trust I. The regularly scheduled interest payments and related trust preferred distributions had been deferred since December 2010. First National Community Bancorp, Inc. Reports 79% Increase in Third Quarter 2014 Earnings
PR Newswire - Mon Nov 10, 3:13PM CST
First National Community Bancorp, Inc. (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced a 78.9% increase in operating results for the three months ended September 30, 2014 over the same period of 2013. The Company reported net income of $3.4 million, or $0.20 per basic and diluted share, for the third quarter of 2014, compared to net income of $1.9 million, or $0.11 per basic and diluted share, for the same quarter of 2013. Net income for the nine months ended September 30, 2014 was $13.5 million, or $0.82 per basic and diluted share, a 214.0% increase compared to net income of $4.3 million, or $0.26 per basic and diluted share, for the comparable period of 2013. The improved performance for the third quarter resulted primarily from increases in non-interest income and net interest income, partially offset by a decrease in the credit for loan and lease losses. The increase in year-to-date net income reflected higher net interest and non-interest income, coupled with an increase in the credit for loan and lease losses for the nine-month period as a result of a $3.6 million full recovery on a previously charged-off commercial loan.
First National Community Bancorp, Inc. Adds Two Independent Directors to the Company's Board
PR Newswire - Wed Oct 01, 12:07PM CDT
First National Community Bancorp, Inc., (OTCQB: FNCB), the parent company of Dunmore-based First National Community Bank, today announced the election of two Northeastern Pennsylvania businessmen to the Corporation's Board of Directors. Mr. William G. Bracey was elected to the Company and Bank Boards on May 12, 2014, and Mr. Keith W. Eckel was elected to the Company and Bank Boards on September 24, 2014.
