logo
Share SHARE
FONT-SIZE Plus   Neg

New Jersey Community Bank Q1 Profit Slips - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
Follow RTT