1ST Constitution Bancorp Reports Net Income Increased 19% for the First Quarter of 2019 and Declares Quarterly Dividend of $0.075 Per Share
1st Constitution Bancorp (NJ) (FCCY)
Last 1st constitution bancorp (nj) earnings: 5/1 09:15 am
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US:NASDAQ Investor Relations:
1stconstitution.com/investor-relations
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Source: GlobeNewswire
CRANBURY, N.J., April 19, 2019 (GLOBE NEWSWIRE) -- 1ST Constitution Bancorp (NASDAQ: FCCY), the holding company (the “Company”) for 1ST Constitution Bank (the “Bank”), today reported net income of $3.4 million and diluted earnings per share of $0.39 for the first quarter of 2019 compared to net income of $2.9 million and diluted earnings per share of $0.34 for the first quarter of 2018. The Board of Directors declared a quarterly cash dividend of $0.075 per share that will be paid on May 24, 2019 to shareholders of record on May 13, 2019. FIRST QUARTER 2019 HIGHLIGHTS Return on average total assets and return on average shareholders' equity were 1.18% and 10.75%, respectively.Book value per share and tangible book value per share were $15.24 and $13.82, respectively, at March 31, 2019.Net interest income was $11.2 million and net interest margin was 4.21% on a tax equivalent basis.A provision for loan losses of $300,000 and net recoveries were recorded. Total loans were $874.3 mi
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