Welcome to our dedicated page for 1St Colonial Ban news (Ticker: FCOB), a resource for investors and traders seeking the latest updates and insights on 1St Colonial Ban stock.
1st Colonial Bancorp, Inc. (FCOB) is the holding company for 1st Colonial Community Bank, a commercial banking organization headquartered in Mount Laurel, New Jersey. The bank focuses on business and consumer financial services in its regional markets and reports detailed quarterly and annual financial results, making its news flow relevant for investors, depositors, and other stakeholders following community and regional banking trends.
The news stream for FCOB prominently features earnings announcements, including quarterly and full-year results. These releases provide insight into net interest income, net interest margin, noninterest income, noninterest expense, and overall profitability. They also discuss loan growth or contraction across categories such as commercial loans, residential mortgages, home equity loans and lines, and SBA lending, as well as changes in deposits, brokered certificates of deposit, and borrowings.
Another recurring theme in the company’s news is asset quality and credit performance. Management reports on provisions for credit losses, net charge-offs or recoveries, nonperforming assets, and the allowance for credit losses on loans and off-balance sheet commitments. Commentary often highlights underwriting discipline, portfolio management, and responses to economic and interest rate conditions.
FCOB news items also cover capital management and strategic actions, such as the January 2025 announcement of a stock repurchase program and the September 24, 2025 Agreement and Plan of Merger under which Mid Penn Bancorp, Inc. will acquire 1st Colonial Bancorp, Inc. in a cash and stock transaction, subject to regulatory and shareholder approvals. These developments are central for readers tracking potential changes in ownership structure and shareholder returns.
By following the FCOB news page, users can review a chronological record of the company’s financial performance, balance sheet trends, credit metrics, and corporate actions, as disclosed in its official press releases.
1st Colonial Bancorp (OTCPK: MBP) reported net income of $2.2M for Q4 2025 and $7.3M for full-year 2025. Core (non-GAAP) Q4 net income was $3.1M. Net interest income rose to $27.0M for 2025 while net interest margin was 3.28% for the year. Noninterest income grew 54% to $5.8M in 2025, aided by $1.3M in payroll tax refunds (ERC). Noninterest expense increased 25% to $23.5M, driven by merger-related costs. Total assets were $882.5M and deposits grew to $789.6M. The company reiterated its planned strategic merger with Mid Penn and scheduled a special shareholder meeting for February 11, 2026.
1st Colonial Bancorp (OTCPK: MBP) reported Q3 2025 net income of $1.1M ($0.23 diluted), down 38% year-over-year but up 49% sequentially; core net income (non-GAAP) was $1.9M. Net interest income rose to $6.8M and net interest margin improved to 3.35%. Book value per share increased to $17.56 as of Sept 30, 2025. The company recorded $744k of merger-related expenses after agreeing to be acquired by Mid Penn Bancorp in a cash-and-stock deal valued at approximately $101M, expected to close in late Q1 or early Q2 2026, subject to approvals. Loans totaled $623.6M, deposits were $722.1M, and investments declined to $124.2M.
1st Colonial Bancorp (FCOB) reported strong Q2 2025 financial results, with net income reaching $2.3 million, up 15% year-over-year and 36% quarter-over-quarter. The company achieved diluted earnings per share of $0.46, compared to $0.40 in Q2 2024.
Key highlights include: net interest income of $6.5 million (10% YoY increase), net interest margin of 3.19%, and noninterest income of $1.8 million (85% YoY increase). Total assets grew 4% to $877.1 million, while total loans increased 1% to $628.5 million. The company maintained strong asset quality with an allowance for credit losses at 1.45% of total loans.
Book value per share improved 6% to $17.21, and the bank's leverage ratio strengthened to 10.97%. The company received $779,000 in Employee Retention Credit tax refunds during Q2 2025.
1st Colonial Bancorp (FCOB) reported Q1 2025 net income of $1.7 million, or $0.34 per diluted share, marking a 5% increase from Q1 2024. Net interest income reached $6.6 million, up 5% year-over-year, while noninterest income grew 22% to $878 thousand.
Key financial metrics include: total assets grew 3% to $868.5 million, total loans increased 1% to $627.0 million, and deposits rose 1% to $757.4 million compared to December 2024. The bank's net interest margin slightly decreased to 3.27% from 3.29% in Q1 2024. Book value per share improved 3% to $16.70, while maintaining strong capital ratios with a leverage ratio of 10.68%.
The company initiated a stock repurchase program, buying back 54,303 shares for $811 thousand during Q1 2025.
1st Colonial Bancorp (FCOB) has announced a stock repurchase program effective January 30, 2025, authorizing management to repurchase up to 3% of outstanding shares with a maximum cost of $2.0 million. The company currently has 4,835,906 shares outstanding.
The program allows for repurchases through open market or private transactions, subject to Rule 10b-18 regulations and securities laws. The timing, volume, and nature of purchases will be at management's discretion based on market conditions and company interests. A Rule 10b5-1 trading plan may be implemented to facilitate repurchases during blackout periods.
CEO Robert White stated the buyback reflects confidence in the company's future, citing strong earnings performance that enables share repurchases while maintaining robust capital levels and improving shareholder returns.
1st Colonial Bancorp (FCOB) reported strong Q4 2024 results with net income of $2.7 million ($0.55 per diluted share), up 46% from Q3 2024 and 26% from Q4 2023. Full-year 2024 net income reached $8.1 million ($1.64 per diluted share), an 8% increase from 2023.
Key highlights include: net interest margin improvement to 3.29% in Q4 2024, total assets growth of 3% to $841.5 million, and total deposits increase of 7% to $747.7 million. Non-interest income grew 59% year-over-year in Q4, driven by improved residential mortgage production.
The bank's capital position remained strong with a leverage ratio of 10.68% and book value per share increased 13% year-over-year to $16.20. Asset quality improved with non-performing assets ratio decreasing to 0.20% from 0.59% year-over-year.
1st Colonial Bancorp, Inc. (FCOB) reported net income of $1.8 million for Q3 2024, consistent with Q3 2023 and down $115 thousand from Q2 2024. Net interest income was $6.2 million, a 7% decrease from Q3 2023. The net interest margin for Q3 2024 was 3.16%, down 8% year-over-year but up 2% from Q2 2024. Provision for credit losses was $82 thousand, down from $126 thousand in Q3 2023. Noninterest income increased by 3% year-over-year to $944 thousand, while noninterest expense decreased by 7% to $4.6 million. Annualized return on average assets was 0.91%, and return on average equity was 9.91%. Total assets were $815.3 million, down 1% from December 2023. Total loans declined by $12.9 million, while total deposits grew by $11.7 million. Book value per share increased by 10% to $15.76. The company highlighted improved net interest margin, strong asset quality, and ongoing cost management.
1st Colonial Bancorp (FCOB) reported net income of $2 million for Q2 2024, consistent with Q2 2023. Earnings per diluted share were $0.40, slightly down from $0.41 in Q2 2023. Net interest income decreased by 15% to $5.9 million, while noninterest income rose 39% to $969 thousand. Provision for credit losses was a net release of $439 thousand, partly due to a planned loan sale. Noninterest expense decreased by 2% to $4.8 million.
Total assets declined 2% to $811.2 million, and total loans fell by $14.3 million to $622.7 million. Deposits decreased 5% to $651.9 million. Book value per share rose by 14% to $15.09. The bank's leverage ratio improved to 10.55%. CEO Robert White highlighted the bank's resilience amidst higher interest rates and ongoing focus on cost management and asset quality.
Annualized return on average assets was 1.00%, and return on average equity was 11.10%. The net interest margin decreased to 3.11%. Home equity loans and lines declined by $15.3 million, while commercial loans increased by $2.0 million in Q2 2024.
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