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Last $11.50 USD
Change Today -0.06 / -0.52%
Volume 24.5K
FCCY On Other Exchanges
Symbol
Exchange
NASDAQ GM
Frankfurt
As of 8:10 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

1st constitution bancorp (FCCY) Snapshot

Open
$11.51
Previous Close
$11.56
Day High
$11.79
Day Low
$11.48
52 Week High
06/16/15 - $13.08
52 Week Low
08/4/14 - $9.24
Market Cap
86.3M
Average Volume 10 Days
8.2K
EPS TTM
$1.15
Shares Outstanding
7.5M
EX-Date
--
P/E TM
10.0x
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 areas. The company offers deposit products, including interest bearing demand deposits, such as interest-bearing checking accounts and money market accounts; and non-interest bearing demand, savings, and time deposits, as well as 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 to businesses for working capital, business expansion, and the purchase of equipment and machinery; and construction loans to real estate developers for the acquisition, development, and construction of residential properties. In addition, the company offers residential first mortgage loans secured by owner-occupied property; construction loans; reverse mortgages; 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 23, 2015, 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 Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter of 2015

1ST Constitution Bancorp announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company reported net income for the second quarter of 2015 of $2.3 million, a 27% increase, compared to adjusted net income of $1.8 million for the second quarter of 2014. Net income per diluted share for the second quarter of 2015 was $0.30, a 25% increase, compared to adjusted net Income per diluted share of $0.24 for the second quarter of 2014. Net loss and net loss per diluted share as reported for the second quarter of 2014 were $440,000 and $0.06, respectively. The significant increase in net income for the second quarter of 2015 compared to adjusted net income for the second quarter of 2014 was due primarily to the $1.0 million increase in net interest income, which was driven by the growth of the Bank's loan portfolio in 2015. Return on average assets was 0.94% and return on average equity was 10.33% for the second quarter of 2015 compared to adjusted return on assets and adjusted return on equity of 0.76% and 8.90%, respectively, for the second quarter of 2014. Net interest income was $9.4 million compared to $8.4 million in the second quarter of 2014. The $1.0 million increase compared to the second quarter of 2014 was due primarily to the increase in the loan portfolio and the higher proportion of average loans to average assets, which generated the higher yield on earning assets of 4.70% compared to 4.42% in the second quarter of 2014. Income before income taxes was $3,427,000 compared to loss before income taxes of $1,168,000 a year ago. Interest income was $10.6 million compared to $9.6 million for the last year. For the six months ended June 30, 2015, the company reported net income of $4.6 million, a 36% increase, compared to adjusted net income of $3.4 million for the six months ended June 30, 2014. Net income per diluted share was $0.60 for the six months ended June 30, 2015, a 33% increase, compared to adjusted net income per diluted share of $0.45 for the six months ended June 30, 2014. Net income and net income per diluted share as reported for the six months ended June 30, 2014 were $202,000 and $0.03, respectively. Income before income taxes was $6,742,000 compared to loss before income taxes of $480,000 a year ago. Net interest income was $17,954,000 compared to $15,275,000 a year ago. Interest income was $20.3 million compared to $17.6 million for the last year. Tangible book value per share at the end of period was $10.39 against $9.80 a year ago. Book value per common share at the end of period was $12.19 against $11.63 a year ago. The company announced net charge-offs during the second quarter of 2015 were $13,000.

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.

 

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Industry Analysis

FCCY

Industry Average

Valuation FCCY Industry Range
Price/Earnings 10.0x
Price/Sales 2.2x
Price/Book 1.0x
Price/Cash Flow 9.9x
TEV/Sales NM Not Meaningful
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