U.S. Markets close in 17 mins

FNCB Bancorp, Inc. Declares First Quarter 2020 Dividend

Dunmore, Pa., Jan. 24, 2020 (GLOBE NEWSWIRE) -- On January 22, 2020, the Board of Directors of FNCB Bancorp, Inc. (FNCB) declared a dividend of $0.055 per share for the first quarter of 2020, an increase of $0.005 from $0.05 per share for the first quarter of 2019.  The first quarter 2020 dividend is payable on March 16, 2020 to shareholders of record as of March 2, 2020.

About FNCB Bancorp, Inc.:
FNCB Bancorp, Inc. is the bank holding company of FNCB Bank. Locally-based for over 100 years, FNCB Bank continues as a premier community bank in Northeastern Pennsylvania – offering a full suite of personal, small business and commercial banking solutions with industry-leading mobile, online and in-branch products and services. FNCB currently operates through 17 branch offices located in Lackawanna, Luzerne and Wayne Counties and a limited purpose office in Lehigh County, and remains dedicated to making our customers’ banking experience simply better. For more information about FNCB, visit www.fncb.com.

FNCB may from time to time make written or oral “forward-looking statements,” including statements contained in our filings with the Securities and Exchange Commission (“SEC”), in its reports to shareholders, and in other communications, which are made in good faith by us pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.

These forward-looking statements include statements with respect to FNCB’s beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, that are subject to significant risks and uncertainties, and are subject to change based on various factors (some of which are beyond our control). The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan” and similar expressions are intended to identify forward-looking statements. The following factors, among others, could cause FNCB’s financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in our markets; the effects of, and changes in trade, monetary, fiscal and tax policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; inflation, interest rate, market and monetary fluctuations; the timely development of and acceptance of new products and services; the ability of FNCB to compete with other institutions for business, including for deposit and loan growth: the composition and concentrations of FNCB’s lending risk and the adequacy of FNCB’s reserves to manage those risks; the valuation of FNCB’s investment securities; the ability of FNCB to pay dividends or repurchase common shares; the ability of FNCB to retain key personnel; the impact of any pending or threatened litigation against FNCB; the marketability of shares of FNCB stock and fluctuations in the value of FNCB’s share price; the effectiveness of FNCB’s system of internal controls; the ability of FNCB to attract additional capital investment; the impact of changes in financial services’ laws and regulations (including laws concerning capital adequacy, taxes, banking, securities and insurance); the ability of FNCB to identify future acquisition targets, complete acquisitions and integrate new teams into FNCB’s operations; the impact of technological changes and security risks upon our information technology systems; changes in consumer spending and saving habits; the nature, extent, and timing of governmental actions and reforms, and the success of FNCB at managing the risks involved in the foregoing and other risks and uncertainties, including those detailed in FNCB’s filings with the SEC.

FNCB cautions that the foregoing list of important factors is not all inclusive. Readers are also cautioned not to place undue reliance on any forward-looking statements, which reflect management’s analysis only as of the date of this report, even if subsequently made available by FNCB on its website or otherwise. FNCB does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of FNCB to reflect events or circumstances occurring after the date of this report.

Readers should carefully review the risk factors described in the Annual Report and other documents that FNCB periodically files with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2018.

 

INVESTOR CONTACT:

James M. Bone, Jr., CPA
Executive Vice President and
Chief Financial Officer
FNCB Bank
(570) 348-6419
james.bone@fncb.com

  • Business
    Barrons.com

    The Dow Is Down 1000 Points. Here’s What History Says Happens Next.

    From a technical perspective, the S&P 500 should find support near its Jan. 31 low of 3225.52, according to Macro Risk Advisors' John Kolovos. That's right about where the S&P 500, at 3,228.99, is now, and if that breaks a full-blown correction is likely in play. This is the type of distributive selling that will require a good and proper reset in price, sentiment and or time on a break,” he writes.

  • Business
    NerdWallet

    How the IRS Knows If You Cheat on Your Taxes

    Those forms, called information returns, typically are records of certain payments you received or made during the tax year that you usually need to report on your tax return. Some of the most common information returns are W-2s, which report wages earned from a job, and 1099s, which report money received for things such as freelance work, dividends or interest. But other money moves you make could put information returns in the IRS' mailbox, too, says Ignatius Jackson, a certified public accountant in Phoenix.

  • Buffett is bullish on stocks but says the market can drop 50% — is he wrong?
    Business
    MarketWatch

    Buffett is bullish on stocks but says the market can drop 50% — is he wrong?

    Stock market investors are watching the coronavirus spreading far beyond China. It is no longer mostly in Asia. Italy has reported six coronavirus deaths and an accelerating number of cases.

  • Gilead Surges After WHO Comments on Coronavirus Drug Testing
    Business
    Bloomberg

    Gilead Surges After WHO Comments on Coronavirus Drug Testing

    Gilead's compound, remdesivir, has been rushed into a clinical trial in China, where the illness has infected tens of thousands of people. Remdesivir is the “one drug right now that we think may have efficacy,” Bruce Aylward, an assistant director-general at the World Health Organization, said at a briefing in Beijing. Gilead shares advanced as much as 6.9% in New York on Monday to trade at the highest level since October 2018.

  • The Dow is off by more than 1,000 points and heading for its second-worst point drop ever — here’s how the stock market tends to perform after big drops
    Business
    MarketWatch

    The Dow is off by more than 1,000 points and heading for its second-worst point drop ever — here’s how the stock market tends to perform after big drops

    If it holds until the closing bell, the day's decline would mark the second-biggest daily point drop for the Dow Jones Industrial Average (DJIA) in its 124-year history. To be sure, such drops are less meaningful because the Dow has been trading at lofty levels. For example, the Dow's 1987 crash was a 508-point drop but represented a 23% decline overall.

  • Business
    Barrons.com

    Stock Trading Will Be Halted if the Market Falls Too Much. It Isn’t Even Close.

    Level One Breach A 7% decline in the S&P 500 from the prior day's close would trigger a so-called level one breach, where trading is halted for 15 minutes. That level on Monday is 3104.11. The S&P 500 closed at 3337.75 on Friday).

  • Markets ‘powered through’ SARS, but the coronavirus outbreak is different, Cowen says — and here’s why
    Business
    MarketWatch

    Markets ‘powered through’ SARS, but the coronavirus outbreak is different, Cowen says — and here’s why

    U.S. stocks may not be able to “power through” the coronavirus as they did with the SARS outbreak and the travel industry will take longer to recover, analysts at broker Cowen are warning. Global stocks tumbled on Monday as the spread of the coronavirus outside China intensified, with Italy and South Korea reporting a spike in new cases. The Dow Jones Industrial Average (DJIA) lost 760 points shortly after the open, and is now 1% down year-to-date, while the S&P (SPX) fell 2.5% in early trading and is 0.7% up so far in 2020.

  • UnitedHealth stock plunges toward worst day in nearly 9 years as Sanders’ Nevada win stokes investor fear
    Business
    MarketWatch

    UnitedHealth stock plunges toward worst day in nearly 9 years as Sanders’ Nevada win stokes investor fear

    Shares of UnitedHealth Group Inc. plunged toward their worst day in nearly 9 years Monday, as the narrative around a potential Bernie Sanders nomination may have swung to negative from positive following the senator's surprisingly big win in Nevada. Other health insurer stocks also took deeper dives than the broader stock market in afternoon trading. Shares of Centene Corp. (CNC) , which provides programs and services to government-sponsored health-care programs, plunged 10.2% to pace the 492 of 505 stocks on the S&P 500 index (SPX)  that were losing ground.

  • Why Fidelity 401(k) Millionaires Average $1.46 Mil Balances
    Business
    Investor's Business Daily

    Why Fidelity 401(k) Millionaires Average $1.46 Mil Balances

    The number of people with $1 million or more in 401(k) accounts in plans run by Fidelity Investments rose to a record 233,000. And the number of IRA millionaires — savers with balances of $1 million or more in accounts held at Fidelity — hit 208,000, also a record. Fidelity 401(k) Millionaire Traits In addition, Fidelity disclosed several of its 401(k) millionaires' traits: The average 401(k) balance for its millionaires reached $1,462,000.

  • 'Flat earther' dies in rocket crash
    U.S.
    Associated Press Videos

    'Flat earther' dies in rocket crash

    A California man who said he wanted to fly to the edge of outer space to see if the world is round has died after his home-built rocket blasted off into the desert sky and plunged back to earth. Feb.

  • Warren Buffett says ‘don’t buy or sell’ on the headlines as coronavirus sends stocks plunging
    Business
    MarketWatch

    Warren Buffett says ‘don’t buy or sell’ on the headlines as coronavirus sends stocks plunging

    Global stocks are plunging on Monday after the number of virus cases outside China surged over the weekend, particularly in Italy, South Korea and Iran. European stocks also plummeted, with Italy's FTSE MIB (IT:I945) leading the descent, falling 5.9%. “The real question is: 'Has the 10-year or 20-year outlook for American businesses changed in the last 24 or 48 hours?'” the billionaire investor said on CNBC.

  • Market crash continues as US stocks dive on coronavirus fears
    Business
    Yahoo Finance UK

    Market crash continues as US stocks dive on coronavirus fears

    Italian officials on Sunday moved to lock down 12 towns, while there have been some 230 confirmed cases in the country. The pan-European STOXX 600 index (^STOXX) was down by more than 3.8%, with stocks on Italy's FTSE MIB Index (FTSEMIB.MI) sinking by more than 5.7%. Around a dozen towns in Italy, the eurozone's third-largest economy, have been put on lockdown as authorities in the northern Lombardy and Veneto regions race to contain the outbreak.

  • U.S. Supreme Court turns away religious bias claim against Walgreens
    U.S.
    Reuters

    U.S. Supreme Court turns away religious bias claim against Walgreens

    The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the Seventh-day Adventist Church. The justices declined to review a lower court ruling in Darrell Patterson's religious discrimination lawsuit that concluded that his demand to never work on Saturday, observed as the Sabbath by Seventh-day Adventists, placed an undue hardship on Walgreens. Patterson, who had trained customer service representatives at a Walgreens call center in Orlando, was fired in 2011 after failing to show up for work on a Saturday for an urgent training session.

  • Duke Energy, Williams Cos. and partners end the $1B Constitution Pipeline project
    Business
    American City Business Journals

    Duke Energy, Williams Cos. and partners end the $1B Constitution Pipeline project

    Duke Energy Corp. confirms that the four partners in the Constitution Pipeline have agreed to abandon the 124-mile project designed to carry natural gas from shale fields in Pennsylvania to New York and New England. “Although Constitution did receive positive outcomes in recent court proceedings and permit applications, the economics associated with this greenfield project have since changed in such a way that they no longer justify investment,” says Duke spokeswoman Tammie McGee. The delays and legal challenges have since driven up the costs by close to 40%.

  • Coronavirus investment strategy - protect your principal says strategist
    Business
    Yahoo Finance Video

    Coronavirus investment strategy - protect your principal says strategist

    With global markets spooked over the spread of the deadly coronavirus investors may want to shift from growth strategies to protecting principal says Ken Moraif Retirement Planners of America CEO.

  • India To Buy $3 Billion In U.S. Weapons But This Key Deal Awaits
    Politics
    Investor's Business Daily

    India To Buy $3 Billion In U.S. Weapons But This Key Deal Awaits

    President Donald Trump said India will sign $3 billion in military deals with the U.S. Tuesday, while Boeing and Lockheed Martin remain in a dogfight to win a massive fighter jet deal. Defense stocks dropped. Earlier this month, the State Department approved the sale of a Raytheon Integrated Air Defense Weapon System, which includes radars and missiles, to India as part of a $1.87 billion package.

  • United Therapeutics gets good news — and stock boost — from drug candidate
    Business
    American City Business Journals

    United Therapeutics gets good news — and stock boost — from drug candidate

    It's a good day for United Therapeutics Corp. The Silver Spring biotech announced Monday its pulmonary arterial hypertension treatment, Tyvaso, essentially passed its clinical tests among patients with interstitial lung disease — a bright spot after the company faced back-to-back failed late-stage trials in both a cancer therapy and a different PAH product in the last year-plus. The phase 3 trial, per a preliminary analysis, demonstrated that 16 weeks of treatment with Tyvaso was effective in increasing the distance, by 21 meters, that patients could walk in six minutes when compared with a placebo. The news sent the company's stock rising nearly 7% in Monday afternoon trading to $114.41 per share by about 1:45 p.m. Tyvaso could fill a major unmet medical need — there are currently no approved therapies for the roughly 30,000 PAH patients with interstitial lung disease, which causes scarring of the lungs and hinders breathing.

  • Tesla Rival Sets Out to Banish 160-Year-Old Lead Tech From Cars
    Business
    Bloomberg

    Tesla Rival Sets Out to Banish 160-Year-Old Lead Tech From Cars

    These may help eliminate lead-acid batteries, a piece of technology invented in 1859 that still lurks under the hoods of Teslas in addition to the main lithium-ion power source. Supercapacitors have some way to go before they are widely adopted. There is still a gap with the popular lithium-ion units on how much energy they can store, Skeleton Chief Executive Officer Taavi Madiberk admits.

  • Zscaler, Inc. Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year
    Business
    Simply Wall St.

    Zscaler, Inc. Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For Next Year

    This is an important time for investors, as they can track a company's performance in its report, look at what top analysts are forecasting for next year, and see if there has been any change to expectations for the business. With this in mind, we've gathered the latest statutory forecasts to see what analysts are expecting for next year. Taking into account the latest results, the latest consensus from Zscaler's 20 analysts is for revenues of US$416.0m in 2020, which would reflect a meaningful 16% improvement in sales compared to the last 12 months.

  • 7 of the 8 Democrats running for president support a tax on stock trades
    Business
    Yahoo Finance

    7 of the 8 Democrats running for president support a tax on stock trades

    On Monday, Pete Buttigieg came out in for a financial transaction tax. Michael Bloomberg came out with a similar plan last week. The idea — which has very few fans on Wall Street — has now become the consensus among Democratic contenders for president.

  • Why This Is The Only Marijuana Stock A Top Pot Analyst Still Rates As A Buy
    Business
    Investor's Business Daily

    Why This Is The Only Marijuana Stock A Top Pot Analyst Still Rates As A Buy

    Marijuana stocks fell Monday as Cowen downgraded Aurora Cannabis stock and Tilray, but kept Canopy Growth stock as its only "outperform" rating, amid ongoing supply and cash difficulties in Canada's legal recreational rollout and better prospects in the U.S. In a research note on Monday, Cowen analyst Vivien Azer said issues that have hurt the industry — too few stores to sell weed, difficulty bringing illicit-market customers into the legal market — "do not appear to be fading as anticipated." Newer legal products, like edibles and vapes, are "likely not the elixir that the market was hoping for," she said. Factoring those issues together, Cowen also slashed its full-year sales forecast by 32% to 3.5 billion Canadian dollars ($2.63 billion) in legal cannabis sales.

  • I’m 40, will get a pension and have $60,000 saved for retirement. Should I borrow from it to pay off $17,500 in credit card debt?
    Business
    MarketWatch

    I’m 40, will get a pension and have $60,000 saved for retirement. Should I borrow from it to pay off $17,500 in credit card debt?

    At that time, I will have 30-plus years on the job with a pension giving me 70% of my current income with a cost-of-living annual percentage increase around 2% or 3%. Is it a good idea to borrow from your 457(b) plan to pay off credit card debt? You're not alone in your struggle with credit card debt: More than half (55%) of U.S. adults who have credit cards say they also have debt, a survey from CNBC and Morning Consult revealed in 2019.

  • J.P. Morgan: 2 “Strong Buy” Healthcare Stocks With Over 50% Upside
    Business
    TipRanks

    J.P. Morgan: 2 “Strong Buy” Healthcare Stocks With Over 50% Upside

    Digitization of the world we live in has disrupted the healthcare industry, giving rise to the healthcare information technology (IT) segment of the market. The emergence of this space and the technology it offers has transformed the way healthcare providers and organizations care for patients. Bearing this in mind, investing firm J.P. Morgan took a look at several healthcare IT names ahead of their upcoming fourth quarter earnings releases.

  • Tesla stock hit hard by coronavirus fears and broad market selloff
    Business
    MarketWatch

    Tesla stock hit hard by coronavirus fears and broad market selloff

    Tesla Inc. stock fell more than 7% Monday amid a broad equity selloff triggered by fears the spread of the COVID-19 virus might tip the world into economic chaos. Tesla (TSLA) shares traded at their lowest level in 10 days and are on pace for their largest one-day percentage decline since Feb. 5, when the stock lost 17.2% following a couple of ratings downgrades. The COVID-19 outbreak in China has been called “a clear headwind” for Tesla, which has pinned a lot of its expansion plans on the Chinese market and the performance of its Shanghai factory.

  • Business
    Barrons.com

    Carnival Stock Can Cruise More Than 50% Higher: Portfolio Manager

    This article first appeared on SumZero, the world's largest research community of buyside investment professionals. After the latest 10K information was incorporated into Carnival's (CCL) analysis and its valuation increased by a few percentage points, Odysseus (Rational Investment Methodology's portfolio construction tool) initiated a long position on the company, which was replicated on all client accounts. Carnival's shares were bought with an implied IRR [Internal Rate of Return] of more than 13% per year.