Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for New Jersey Community Bank and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After initially showing a lack of direction, stocks have moved mostly higher over the course of the trading day on Friday. With the gains on the day, the markets are extending the upward trend seen over the past several sessions. In another troubling sign for Democrats, the results of a Gallup poll released on Friday show that Tea Party Republicans are much more motivated to vote in the upcoming midterm elections than other Americans. The poll found that 73 percent of Tea Party Republicans are "extremely" or "very" motivated to vote in this year's elections. While the Commerce Department released a report on Friday showing a modest increase in new home sales in the U.S. in the month of September, the uptick came from a significantly downwardly revised level in August.
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.