New Jersey Community Bank (NJCB.OB), Thursday, reported a decline in profit for the first quarter on reduced net interest margin.
The Freehold, New Jersey-based company reported a first-quarter net profit of $108 thousands or $0.06 per share, compared to $142 thousands or $0.08 per share last year.
Net interest income for the quarter grew to $1.11 million from $1.0 million in the prior-year quarter. Meanwhile provision for loan losses decreased to $45 thousands from $95 thousands last year.
For the quarter, total non-interest income rose to $102 thousands from $95 thousands in the prior-year quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.