logo
Share SHARE
FONT-SIZE Plus   Neg

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 RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Etihad Airway's Chief Executive Officer James Hogan will leave in the second half this year. Hogan has been with the Abu Dhabi based aviation group since 2006. Chief Financial Officer James Rigney also will depart from service. Seafood lovers must now be prepared to dole out more cash than before for salmon. The price of salmon has surged globally and is now at historic highs amid acute outbreaks of sea lice. According to data from the Nasdaq Salmon Index, the price of salmon has risen by more than 15 percent in the last three months. Health-food restaurant chain Freshii Inc. has increased the price range for its initial public offering in Canada. Freshii has raised the price range for its IPO to C$10 to C$11.50 per share from the prior range of C$8.50 to C$10.0 per share, BNN reported.
comments powered by Disqus
Follow RTT