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
The European Central Bank left its key interest rates unchanged at a record low, after reducing them in a surprise move last month, as economic momentum in the euro area remains subdued. The Governing Council, led by President Mario Draghi, held the refinancing rate at a record low 0.05 percent following its policy meeting in Naples, Italy on Thursday. Hector Beltran Leyva, one of Mexico's most-wanted drug lords, was arrested on Wednesday. Mexican special forces captured Hector as he dined at a seafood restaurant in the city of San Miguel de Allende, a popular hub of foreigners and artists in the central state of Guanajuato. Federal criminal investigations chief Tomas Zeron told the media that no shots were fired in the operation, which culminat Stocks moved sharply lower over the course of the trading day on Wednesday, adding to the modest weakness seen in the two previous sessions. With the losses on the day, the major averages fell to their lowest closing levels in over a month.
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.