1ST Constitution Bancorp Reports Second Quarter 2018 Results, Successful Integration of New Jersey Community Bank and Quarterly Dividend of $0.06
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., July 20, 2018 (GLOBE NEWSWIRE) -- 1ST Constitution Bancorp (NASDAQ:FCCY), the holding company (the “Company”) for 1ST Constitution Bank (the “Bank”), today reported net income of $1.9 million and diluted earnings per share of $0.22 for the three months ended June 30, 2018. For the six months ended June 30, 2018, net income was $4.7 million and diluted earnings per share were $0.56. The Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock that will be paid on August 23, 2018 to shareholders of record on August 10, 2018. On April 11, 2018, the Company completed the merger of New Jersey Community Bank (“NJCB”) with and into the Bank. The shareholders of NJCB received total consideration of $8.6 million, which was comprised of 249,785 shares of common stock of the Company with a market value of $5.5 million and cash of $3.1 million of which $401,000 was placed in escrow to cover costs and expenses, including settlement costs, if any,
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