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.
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1st Colonial Bancorp, Inc. (FCOB) reported net income of $1.5 million for Q1 2023, a decrease from $1.7 million in Q1 2022. Diluted earnings per share fell to $0.31 from $0.34 year-over-year. Net interest income rose 12% to $6.5 million, attributed to a significant rise in interest income from loans. However, the net interest margin declined to 3.53% from 3.92% in Q4 2022. Total assets grew by 2% to $800.9 million, while total loans increased by 3% to $619.4 million. Non-interest income saw a substantial drop of 58% to $454 thousand due to decreased activity in residential mortgage sales. Notably, total deposits decreased by 1% to $662.3 million. The company adopted CECL accounting standards, which led to an increase in the allowance for credit losses. Despite these challenges, the book value per share increased by 2% to $13.01.
1st Colonial Bancorp (FCOB) reported a net income of $2.3 million for Q4 2022, a 34% increase year-over-year. For the full year, net income rose 17% to $8.5 million. Net interest income for Q4 was $7.3 million, up 20%, with an annual total of $26 million, reflecting a 19% increase. The return on average assets improved to 1.21%, and return on average equity reached 15.86%. However, non-interest income fell 60% in Q4 and 41.3% for 2022 due to reduced mortgage activity. Deposits increased 10% year-over-year, while total assets grew by 15% to $782 million.
1st Colonial Bancorp reported a net income of $2.6 million for Q3 2022, marking an 18% increase year-over-year and a 30% rise from Q2 2022. Total revenues decreased by 3% to $8.3 million. Net interest income rose 14% to $6.9 million, with a net interest margin of 3.76%. Total assets increased 4% to $763.8 million, and total loans grew 5% to $587 million. Despite improvements in income metrics and efficiency, challenges persist due to rising interest rates and competition impacting margins. Overall, the firm emphasizes maintaining asset quality amidst economic pressures.
1st Colonial Bancorp, Inc. (FCOB) reported a net income of $2.0 million for Q2 2022, marking a 15% increase year-on-year. Net interest income rose to $6.1 million, a 22% increase, while total revenues reached $7.9 million, up 9% from Q2 2021. Total assets grew by 5% to $735.0 million, with total loans increasing by 5% to $560.9 million. The efficiency ratio improved to 62.5%. However, non-interest income fell by 20.2% to $1.8 million. The company remains cautious about future loan demand due to economic challenges and rising interest rates.
1st Colonial Bancorp (FCOB) reported a net income of $1.7 million, or $0.34 per diluted share, for Q1 2022, consistent with Q1 2021 results. Net interest income rose 21% to $5.8 million, driven by a $78.5 million increase in average loans. The net interest margin improved to 3.46%, up from 3.12% the previous year. Total assets grew 2% to $697.8 million, while total loans increased 6.6% to $535.2 million. Non-interest income declined 43% to $1.5 million, primarily due to decreased mortgage origination income. The efficiency ratio improved to 63%, down from 65% in Q1 2021.
1st Colonial Bancorp (FCOB) reported a net income of $1.7 million, or $0.35 per diluted share, for Q4 2021, down from $2.2 million, or $0.44 per diluted share, in Q4 2020. Full-year net income rose to $7.3 million, yielding a diluted EPS of $1.47, a 54% increase year-over-year. Total assets reached $682.8 million, with loans increasing 18.6% to $501.9 million. The efficiency ratio improved to 62.5%, and return on average equity was 13.14%. Non-interest income surged 59% to $9.5 million, driven by gains in residential mortgages and SBA loans.
1st Colonial Bancorp, Inc. (FCOB) announced a stock repurchase program effective November 22, 2021, allowing the company to buy back up to 4% of its outstanding shares, totaling a maximum of $2.0 million. With 4,834,532 shares currently outstanding, the buyback reflects management's confidence in the company's prospects, as the stock trades below its tangible book value per share. The program is discretionary, with the Board able to modify or terminate it at any time. Repurchases may be made in open market or private transactions, adhering to relevant regulations.