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 (FCOB) reported strong financial results for Q3 2021, with net income reaching $2.2 million or $0.44 per diluted share, up 64% from Q3 2020. Total revenues increased by 34% to $8.5 million. Net interest income grew 31% to $6.0 million, while non-interest income rose 45% to $2.5 million. The efficiency ratio improved from 65% to 59% year-over-year. Total assets increased to $684.2 million, driven by a $90.1 million rise in loans. Tangible book value per share climbed 15% to $11.88. Non-performing assets decreased by 17% to $4.0 million.
1st Colonial Bancorp, Inc. (FCOB) announces the appointment of Shelley Simms and Thomas Brugger to its Board of Directors. Shelley Simms serves as General Counsel and Chief Compliance Officer at Xponance and has prior legal experience with ARAMARK and Comcast, along with a Harvard Law School education. Thomas Brugger has over 30 years in banking, most recently as CFO of Orrstown Bank. His past includes CFO roles at Sun National Bank and Customers Bank. The company aims to leverage their expertise to drive growth.
1st Colonial Bancorp (FCOB) reported a net income of $1.7 million for Q2 2021, up from $1.2 million in Q2 2020, reflecting a 41.7% increase year-over-year. Net interest income rose to $5.0 million, driven by a $907 thousand increase in interest income and improved net interest margin of 3.09%. Non-interest income also surged by 82.4% to $2.3 million. However, non-interest expenses increased by 29.8% to $4.7 million, mainly due to higher personnel costs. Total assets grew 7.7% to $685.1 million, with loans up 17.2%.
1st Colonial Bancorp (FCOB) reported a significant increase in net income for Q1 2021, reaching $1.7 million or $0.33 per diluted share, a stark rise from $5,000 in Q1 2020. The growth was fueled by a 195.6% rise in non-interest income, primarily from residential mortgage sales. Net interest income also increased, attributed to a 40.5% decline in interest expenses. Total assets grew to $659.4 million, with total loans up by 7.7%. However, non-interest expenses rose by 14.5%, reflecting investments in revenue-producing teams.
1st Colonial Bancorp, Inc. (FCOB) reported a substantial fourth-quarter net income of $2.2 million, or $0.44 per diluted share, representing a 288.4% year-over-year increase. For the full year, net income rose to $4.8 million, up 47.5% from 2019. Revenue grew by 31.5% in Q4, reaching $7.2 million, driven by a 144% surge in non-interest income. The company announced a stock repurchase plan to buy back up to 3% of its shares for $1.4 million, reflecting confidence in future growth, though it will forego stock dividends in 2021. Total assets increased 10.6% to $636.1 million.