Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Princeton National Bancorp Q4 Loss Plunges

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

Editors Pick
Computer and printer maker Hewlett-Packard Co. said Tuesday after the markets closed that its fourth quarter profit fell 6% from last year, as revenue declined 2%. The company's quarterly earnings per share, excluding items, came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. This organic and natural products company has experienced strong compounded annual growth over the last four fiscal years with its net sales growing 25% and adjusted income from continuing operations over 30%. Here is a quick summary of the earnings reported after the bell on Nov. 24. 1. Amira Nature Foods Ltd (ANFI) reported net income for the second quarter of $8.3 million or $0.29 per share, compared to $5.0 million or $0.18 per share for the year-ago quarter. Excluding items, adjusted earnings...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.