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Last $11.52 USD
Change Today 0.00 / 0.00%
Volume 0.0
FCCY On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

1st constitution bancorp (FCCY) Snapshot

Open
$11.53
Previous Close
$11.52
Day High
$11.53
Day Low
$11.50
52 Week High
03/12/15 - $12.10
52 Week Low
08/4/14 - $9.24
Market Cap
86.5M
Average Volume 10 Days
3.4K
EPS TTM
$0.80
Shares Outstanding
7.5M
EX-Date
--
P/E TM
14.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for 1ST CONSTITUTION BANCORP (FCCY)

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1st constitution bancorp (FCCY) Details

1st Constitution Bancorp operates as the holding company for 1st Constitution Bank that provides commercial and retail banking services in the Central and Northeastern New Jersey area. The company offers deposit products, including interest bearing and non-interest bearing demand, savings, and time deposits, as well as checking accounts, money market accounts, and certificates of deposit. It also provides commercial loans, including term loans, lines of credit, and loans secured by equipment and receivables; secured and unsecured short-to-medium term commercial loans for businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans for real estate developers for the acquisition, development, and construction of residential subdivisions. In addition, the company offers residential first mortgage loans secured by owner-occupied property; construction loans; second mortgage home improvement loans; home equity lines of credit; and non-residential consumer loans for automobiles, recreation vehicles, and boats, as well as secured and unsecured personal loans, and deposit account secured loans. It serves corporations, individuals, partnerships, and other community organizations, as well as small businesses and not-for-profit organizations. As of April 29, 2014, the company operated through 19 banking offices in Cranbury, Fort Lee, Hamilton, Hightstown, Hillsborough, Hopewell, Jamesburg, Lawrenceville, Perth Amboy, Plainsboro, Rocky Hill, West Windsor, Princeton, Rumson, Fair Haven, Shrewsbury, Oceanport, and Asbury Park, New Jersey. 1st Constitution Bancorp was founded in 1989 and is based in Cranbury, New Jersey.

175 Employees
Last Reported Date: 03/26/15
Founded in 1989

1st constitution bancorp (FCCY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $835.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $191.2K
Senior Vice President of 1St Constitution Ban...
Total Annual Compensation: $195.8K
Compensation as of Fiscal Year 2014.

1st constitution bancorp (FCCY) Key Developments

1st Constitution Bancorp Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Records Net Charge-Offs for the First Quarter of 2015

1st Constitution Bancorp announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported interest income of $9,686,000 compared with $7,996,000 for the same period a year ago. Net interest income was $8,542,000 compared with $6,897,000 for the same period a year ago. Income before income taxes was $3,315,000 compared with $688,000 for the same period a year ago. Net income was $2,260,000 or $0.30 per basic and diluted share compared with $642,000 or $0.09 per basic and diluted share for the same period a year ago. Tangible book value per common share at the period-end was $10.12 compared with $9.80 for the same period a year ago. Book value per common share at the period end was $11.93 compared with $11.63 for the same period a year ago. Return on average assets was 0.95% compared with 0.71% for the same period a year ago. Return on average equity was 10.42% compared with 8.23% for the same period a year ago. Adjusted net income was $2,260,000 or $0.30 per diluted share compared with $1,538,000 or $0.21 per diluted share for the same period a year ago. Adjusted net income per diluted share was $0.30 compared to $0.21 a year ago. Net charge-offs during the first quarter of 2015 were $61,000.

1st Constitution Bancorp, Annual General Meeting, May 21, 2015

1st Constitution Bancorp, Annual General Meeting, May 21, 2015., at 15:00 US Eastern Standard Time. Location: Forsgate Country Club. Agenda: To consider election of one director to the company’s Board of Directors; to consider adoption of the 1st Constitution Bancorp 2015 Directors Stock Plan; to consider approval of the compensation of named executive officers on an advisory (non-binding) basis; to consider ratification of the selection of BDO USA LLP as the company’s independent registered public accounting firm for the 2015 fiscal year; and to conduct of other business if properly raised.

1st Constitution Bancorp Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2014

1st Constitution Bancorp announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net interest income of $8,480,000 against $5,987,000 a year ago. Income before income taxes was $2,854,000 against $1,918,000 a year ago. Net income was $2,016,000 or $0.28 basic and diluted per share against $1,375,000 or $0.22 diluted per share a year ago. Return on average assets was 0.83% against 0.71% a year ago. Return on average equity was 9.45% against 8.10% a year ago. Adjusted net income was $2,016,000 or $0.28 diluted per share against $1,523,000 or $0.25 diluted per share a year ago. The significant increase in net income for the current quarter was due primarily to the $2.5 million increase in net interest income, which was driven by the internal growth of the Bank's loan portfolio and the inclusion of the operations of the former Rumson-Fair Haven Bank & Trust Company (‘Rumson’) following its merger with and into the Bank on February 7, 2014. The increase in net interest income compared to the fourth quarter of 2013 was due principally to the increase in the loan portfolio, which generated the higher yield earned on earning assets of 4.35% compared to 3.84% in the fourth quarter of 2013. For the year, the company reported net interest income of $32,702,000 against $24,737,000 a year ago. Income before income taxes was $5,429,000 against $8,065,000 a year ago. Net income was $4,356,000 or $0.61 basic and diluted per share against $5,780,000 or $0.95 diluted per share a year ago. Tangible book value per common share as on December 31, 2014 was $10.32 against $10.55 as at December 31, 2013. Book value per common share as on December 31, 2014 was $12.21 against $11.36 as at December 31, 2013. Return on average assets was 0.46% against 0.72% a year ago. Return on average equity was 5.34% against 8.73% a year ago. Adjusted net income was $7,513,000 or $1.05 diluted per share against $6,082,000 or $1.00 diluted per share a year ago. The results of operations for 2014 were impacted by two previously reported events during the first and second quarters of 2014. The company announced net charge-offs for the fourth quarter ended December 31, 2014. Net charge-offs during the fourth quarter of 2014 were $0.7 million and included $0.7 million of gross charge-offs of specific reserves for potential loan losses that were recorded in prior periods. These charge-offs were recorded principally for two loans that were foreclosed and transferred to OREO.

 

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Industry Analysis

FCCY

Industry Average

Valuation FCCY Industry Range
Price/Earnings 14.6x
Price/Sales 2.5x
Price/Book 1.0x
Price/Cash Flow 14.4x
TEV/Sales 0.8x
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