Business News • MarketWire • Princeton National Bancorp, Inc. Releases 1st Quarter 2012 Results |
Princeton National Bancorp, Inc. Releases 1st Quarter 2012 Results |
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Princeton National Bancorp, Inc. Releases 1st Quarter 2012 Results
PRINCETON, IL--(Marketwire - May 11, 2012) - Princeton National Bancorp, Inc. (the "Corporation" or "PNBC") (NASDAQ: PNBC), parent corporation of Citizens First National Bank (the "Bank"), ended the first quarter 2012 with net income available to common stockholders of $686,000, or $.20 per common share on a fully diluted basis, compared to $1.414 million for the first quarter of 2011, or $.42 per common share on a fully diluted basis. This decrease is primarily attributable to a lower level of net interest income and fewer gains recognized on the sale of available for sale investment securities, partially offset by a reduction in the provision for loan losses. The net income available to common stockholders to average equity increased to 45.81%, for the first quarter of 2012, compared with 9.95% for the first quarter of 2011.
View More : http://www.marketwire.com/mw/release.do?id=1656288&sourceType=3
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