FNCB Bancorp Reports Net Income of $2.66 Million for Q1 2023

FNCB Bancorp, Inc.(FNCB) and Subsidiaries releas ed their consolidated financial statements for the first quarter of 2023, showcasing a net income of $2.66 million and total revenue of $18.68 million.

Assets and Liabilities Overview

FNCB Bancorp, Inc. and Subsidiaries reported total assets of $1.81 billion as of March 31, 2023, compared to $1.75 billion on December 31, 2022. Cash and cash equivalents increased to $69.57 million from $41.92 million over the same period, indicating improved liquidity.

The company's total liabilities stood at $1.68 billion at the end of Q1 2023, compared to $1.63 billion at the end of Q4 2022. Deposits, including both demand and interest-bearing deposits, rose to $1.46 billion, reflecting increased customer confidence in the bank's services.