 DUNMORE, Pa., Oct. 30, 2020 GLOBE NEWSWIRE -- FNCB Bancorp, Inc. NASDAQ: FNCB; the parent company of Dunmore-based FNCB Bank the Bank, today reported net income of 4.1 million, or 0.20 per basic and diluted share, for the three months ended September 30, 2020, an increase of 1.7 million, or 70.9 from 2.4 million, or 0.12 per basic and diluted share, for the comparable period of 2019. The increase in earnings comparing the third quarters of 2020 and 2019 was primarily due to increases in net interest income and non-interest income, coupled with a reduction in the provision for loan and lease losses. Net income for the nine months ended September 30, 2020 totaled 10.2 million, or 0.50 per basic and diluted share, an increase of 2.6 million, or 34.3, compared to 7.6 million, or 0.39 per basic and diluted share, for the same nine months of 2019. The increased earnings for the year-to-date period of 2020 reflected increases in net interest income and non-interest income and a decrease in non-interest expense, partially offset by an increase in the provision for loan and lease losses. Additionally, the results for the third quarter and year-to-date periods of 2020 include the effect on interest income, not including the recognition of any net origination fee income, of 118.6 million in loans originated through the Paycheck Protection Program PPP of United States Small Business Administration SBA, as well as COVID-19 related expenses of approximately 199 thousand. 