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Princeton National Bancorp Q4 Loss Plunges

Princeton National Bancorp, Inc. (PNBC), 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.

by RTTNews Staff Writer

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