Princeton National Bancorp Q4 Loss Plunges

4/12/2012 6:53 PM ET

Princeton National Bancorp, Inc. (PNBC: Quote), the parent corp. of Citizens First National Bank, reported a fourth-quarter net loss to common shareholders of $34.7 million or $10.39 per share, wider than the net loss of $16.1 million or $4.85 per share in the year-ago quarter.

Net interest income for the quarter declined to $8.2 million from $9.4 million in the same period last year. Net interest margin for the quarter fell to 3.87 percent from 4.16 percent last year.

Total non-interest income for the quarter slid to $2.9 million from $3.8 million the prior year.

Loan loss provision for the quarter increased to $33.9 million from $27.2 million in the year-ago quarter.

Click here to receive FREE breaking news email alerts for Princeton National Bancorp Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 94 Articles

Editors Pick

U.K. Inflation Eases To 7-Month Low

U.K. consumer price inflation slowed more-than-expected to a seven-month low in April on falling petrol and air fares, official data revealed Tuesday. The slowdown provides relief for consumers as it raises purchasing power, while it gives more scope for the central bank to ease monetary policy.

Stocks Close Modestly Lower After Lackluster Trading Day - U.S. Commentary

After showing a lack of direction throughout much of the session, stocks ended Monday's trading modestly lower. The slightly lower close on the day partly offset the strength that was seen in the markets last week. The major averages ended the day below the unchanged line but off their lows for the session.

Obama To Deliver Speech On Counterterrorism Policies, Use Of Drones

President Barack Obama reportedly plans to deliver a much-anticipated speech on Thursday outlining his administration's evolving counterterrorism policies. Multiple news sources cited a White House official as saying that Obama will address the use of drones and plans to close the detention facility at Guantanamo Bay in a speech at the National Defense University.