First National Community Bancorp Inc (FNCB) 5.6000 $FNCB
FNCB President Tokach Announces Retirement, Champi Named Successor
GlobeNewswire - Wed May 18, 8:20AM CDT
First National Community Bancorp, Inc., (OTCQX:FNCB) (the "Company"
, the parent company of Dunmore-based First National Community Bank (the "Bank" collectively ("FNCB", today announced that Steven R. Tokach, President and Chief Executive Officer and a member of the Board of Directors will retire on June 30, 2016 after a 48-year career in the banking industry.
First National Community Bancorp, Inc. Declares Second Quarter 2016 Dividend and Reinstates Dividend Reinvestment Plan
GlobeNewswire - Fri Apr 29, 3:06PM CDT
The Board of Directors of First National Community Bancorp, Inc. (OTCQX:FNCB) on April 27, 2016 declared a dividend of $0.02 per share for the second quarter of 2016. The dividend is payable June 15, 2016 to shareholders of record June 1, 2016. Year-to-date 2016 dividends declared total $0.04 per share.
First National Community Bancorp, Inc. Reports First Quarter 2016 Net Income
GlobeNewswire - Fri Apr 29, 3:05PM CDT
First National Community Bancorp, Inc. (OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank", announced operating results for the quarter ended March 31, 2016. FNCB reported net income of $1.1 million, or $0.07 per basic and diluted share. Net income for the comparable period of 2015 was $3.5 million, or $0.21 per basic and diluted share. The $2.4 million decrease in first quarter earnings reflected lower non-interest income, a provision for loan and lease losses in 2016 versus a credit for loan and lease losses in 2015, partially offset by an increase in net interest income. Annualized return on average assets and return on average equity were 0.42% and 5.15%, respectively, for the three months ended March 31, 2016, compared to 1.45% and 26.34%, respectively, for the same three months of 2015. FNCB paid holders of its common stock a dividend of $0.02 per share for the first quarter of 2016. FNCB did not pay a dividend for the first quarter of 2015.
First National Community Bancorp, Inc. Declares Payment of Cash Dividend
GlobeNewswire - Fri Jan 29, 3:50PM CST
First National Community Bancorp, Inc. (OTCQX:FNCB) announced that its Board of Directors has declared a first quarter dividend of $0.02 per share on its common stock, payable March 15, 2016 to shareholders of record March 1, 2016. The dividend represents a 1.53% annualized yield based on the closing price of the Company's common stock on December 31, 2015.
First National Community Bancorp, Inc. Authorizes Cure of Deferred Interest Payments on Subordinated Debt
GlobeNewswire - Fri Jan 29, 3:50PM CST
First National Community Bancorp, Inc., (OTCQX:FNCB) (the "Company", announced today that the Board of Directors authorized the payment on March 1, 2016 of all interest that the Company had previously been deferring on the Company's original $25.0 million 9.00% Fixed Rate Subordinated Notes Issued September 1, 2009 (the "Notes". The payment will represent interest accrued and deferred on the Notes from September 1, 2010 through May 31, 2015 as well as interest that is currently due and payable on March 1, 2016. The Company completed an $11.0 million principal payment on the Notes on June 30, 2015 and interest rate modification effective July 1, 2015. The Company resumed regularly scheduled interest payments on the subordinated debt on September 1, 2015.
First National Community Bancorp, Inc. Reports Record 2015 Earnings of $35.8 Million
GlobeNewswire - Fri Jan 29, 3:49PM CST
First National Community Bancorp, Inc. (OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank", today reported record net income of $35.8 million, or $2.17 per basic and diluted share, for the year ended December 31, 2015, an increase of $22.4 million, or 167.1%, compared to $13.4 million, or $0.81 per basic and diluted share, for the year ended December 31, 2014.
First National Community Bancorp, Inc. Announces Third Quarter 2015 Net Income
GlobeNewswire - Fri Oct 30, 3:05PM CDT
First National Community Bancorp, Inc. (the "Company" (OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank", today reported net income for the three months ended September 30, 2015 of $2.3 million, or $0.14 per basic and diluted share. Net income for the comparable period of 2014 was $3.4 million, or $0.20 per basic and diluted share. The $1.1 million decrease in third quarter earnings was primarily attributable to a decrease in non-interest income partially offset by further non-interest expense reductions, an improvement in net interest income and an increase in the credit for loan and lease losses. For the nine months ended September 30, 2015, net income was $6.6 million, or $0.40 per basic and diluted share, a decrease of $6.9 million compared to $13.5 million, or $0.82 per basic and diluted share, for the same nine months of 2014. The decrease in year-to-date earnings reflected a $3.7 million decrease in gains on the sale of investment securities, coupled with non-recurring income recorded in 2014 related to two legal settlements and a gain on the sale of the Company's retail banking operations in Monroe County. Annualized return on average assets was 0.91% and 0.90%, respectively for the three- and nine-month periods ended September 30, 2015, compared to 1.38% and 1.85%, respectively, for the same periods of 2014. For the third quarter and year-to-date periods of 2015, annualized return on average equity was 16.38% and 15.96%, respectively, and 26.81% and 41.43%, respectively, for the comparable 2014 periods.
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: 19.37 (+0.10)
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.
FNCB President Tokach Announces Retirement, Champi Named Successor
GlobeNewswire - Wed May 18, 8:20AM CDT
First National Community Bancorp, Inc., (OTCQX:FNCB) (the "Company"
, the parent company of Dunmore-based First National Community Bank (the "Bank" collectively ("FNCB", today announced that Steven R. Tokach, President and Chief Executive Officer and a member of the Board of Directors will retire on June 30, 2016 after a 48-year career in the banking industry. First National Community Bancorp, Inc. Declares Second Quarter 2016 Dividend and Reinstates Dividend Reinvestment Plan
GlobeNewswire - Fri Apr 29, 3:06PM CDT
The Board of Directors of First National Community Bancorp, Inc. (OTCQX:FNCB) on April 27, 2016 declared a dividend of $0.02 per share for the second quarter of 2016. The dividend is payable June 15, 2016 to shareholders of record June 1, 2016. Year-to-date 2016 dividends declared total $0.04 per share.
First National Community Bancorp, Inc. Reports First Quarter 2016 Net Income
GlobeNewswire - Fri Apr 29, 3:05PM CDT
First National Community Bancorp, Inc. (OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank"
, announced operating results for the quarter ended March 31, 2016. FNCB reported net income of $1.1 million, or $0.07 per basic and diluted share. Net income for the comparable period of 2015 was $3.5 million, or $0.21 per basic and diluted share. The $2.4 million decrease in first quarter earnings reflected lower non-interest income, a provision for loan and lease losses in 2016 versus a credit for loan and lease losses in 2015, partially offset by an increase in net interest income. Annualized return on average assets and return on average equity were 0.42% and 5.15%, respectively, for the three months ended March 31, 2016, compared to 1.45% and 26.34%, respectively, for the same three months of 2015. FNCB paid holders of its common stock a dividend of $0.02 per share for the first quarter of 2016. FNCB did not pay a dividend for the first quarter of 2015. First National Community Bancorp, Inc. Declares Payment of Cash Dividend
GlobeNewswire - Fri Jan 29, 3:50PM CST
First National Community Bancorp, Inc. (OTCQX:FNCB) announced that its Board of Directors has declared a first quarter dividend of $0.02 per share on its common stock, payable March 15, 2016 to shareholders of record March 1, 2016. The dividend represents a 1.53% annualized yield based on the closing price of the Company's common stock on December 31, 2015.
First National Community Bancorp, Inc. Authorizes Cure of Deferred Interest Payments on Subordinated Debt
GlobeNewswire - Fri Jan 29, 3:50PM CST
First National Community Bancorp, Inc., (OTCQX:FNCB) (the "Company"
, announced today that the Board of Directors authorized the payment on March 1, 2016 of all interest that the Company had previously been deferring on the Company's original $25.0 million 9.00% Fixed Rate Subordinated Notes Issued September 1, 2009 (the "Notes". The payment will represent interest accrued and deferred on the Notes from September 1, 2010 through May 31, 2015 as well as interest that is currently due and payable on March 1, 2016. The Company completed an $11.0 million principal payment on the Notes on June 30, 2015 and interest rate modification effective July 1, 2015. The Company resumed regularly scheduled interest payments on the subordinated debt on September 1, 2015. First National Community Bancorp, Inc. Reports Record 2015 Earnings of $35.8 Million
GlobeNewswire - Fri Jan 29, 3:49PM CST
First National Community Bancorp, Inc. (OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank"
, today reported record net income of $35.8 million, or $2.17 per basic and diluted share, for the year ended December 31, 2015, an increase of $22.4 million, or 167.1%, compared to $13.4 million, or $0.81 per basic and diluted share, for the year ended December 31, 2014. First National Community Bancorp, Inc. Announces Third Quarter 2015 Net Income
GlobeNewswire - Fri Oct 30, 3:05PM CDT
First National Community Bancorp, Inc. (the "Company"
(OTCQX:FNCB), the parent company of Dunmore-based First National Community Bank (the "Bank", today reported net income for the three months ended September 30, 2015 of $2.3 million, or $0.14 per basic and diluted share. Net income for the comparable period of 2014 was $3.4 million, or $0.20 per basic and diluted share. The $1.1 million decrease in third quarter earnings was primarily attributable to a decrease in non-interest income partially offset by further non-interest expense reductions, an improvement in net interest income and an increase in the credit for loan and lease losses. For the nine months ended September 30, 2015, net income was $6.6 million, or $0.40 per basic and diluted share, a decrease of $6.9 million compared to $13.5 million, or $0.82 per basic and diluted share, for the same nine months of 2014. The decrease in year-to-date earnings reflected a $3.7 million decrease in gains on the sale of investment securities, coupled with non-recurring income recorded in 2014 related to two legal settlements and a gain on the sale of the Company's retail banking operations in Monroe County. Annualized return on average assets was 0.91% and 0.90%, respectively for the three- and nine-month periods ended September 30, 2015, compared to 1.38% and 1.85%, respectively, for the same periods of 2014. For the third quarter and year-to-date periods of 2015, annualized return on average equity was 16.38% and 15.96%, respectively, and 26.81% and 41.43%, respectively, for the comparable 2014 periods. 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: 19.37 (+0.10)
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.
