2023-01-24 21:15:00
1st Colonial Bancorp, Inc. Reports Record Earnings of $8.5 Million for 2022, a 17% Increase Over 2021
Benzinga
By Globe NewswireIncome Statement Highlights include:
- Net income for the fourth quarter of 2022 was $2.3 million, a 34% increase over the same period in 2021.
- Net income for 2022 was $8.5 million, a 17% increase over 2021.
- Net interest income was $7.3 million for the fourth quarter of 2022, an increase of 20% over the same period in 2021.
- Net interest income was $26.0 million for 2022, a 19% increase over 2021.
- Net interest margin for the quarter ended December 31, 2022 was 3.92%, a 12% increase over the same period in 2021.
- For the fourth quarter of 2022, diluted earnings per share was $0.48, a 37% increase over the same period in 2021.
- For 2022, diluted earnings per share was $1.77, a 20% increase over 2021.
- The efficiency ratio for the fourth quarter of 2022 improved to 58.7% from 62.2% for the fourth quarter of 2021.
- The efficiency ratio for 2022 improved to 60.3% from 62.5% for 2021.
Balance Sheet Highlights include:
Continue read on benzinga.com
