CARNEGIE BANCORP EARNINGS UP 17% FOR SECOND QUARTER OVER PRIOR YEAR.PRINCETON, N.J.--(BUSINESS WIRE)--JULY 16, 1996--CARNEGIE BANCORP (NASDAQ/NMS: CBNJ CBNJ Community Bancorp of New Jersey , CBNJW) CARNEGIE BANCORP announced that it had earned net income after taxes for the quarter ended June 30, 1996 of $564,000, compared to $483,000 for the same period last year, an increase of almost 17%. Primary and fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. net income per share for the second quarter of 1996 were $.29 and $.28, respectively, compared to $.26 per share for both primary and fully diluted net income for the second quarter in 1995. For the six months ended June 30, 1996, income after taxes increased to $1,170,000 ($.59 per share for both primary and fully diluted net income), compared to $1,035,000 ($.57 per share for both primary and fully diluted net income) for the same period in 1995, representing an increase of over 13%. Shares outstanding increased to 1,843,059 at June 30, 1996, compared to 1,750,866 at June 30, 1995. As of June 30, 1996, total loans increased to over $194 million, or an increase of 33% over the same period last year. CARNEGIE posted over $277 million in total assets, an increase of 22%, compared to 1995. CARNEGIE BANK, N.A., a national bank headquartered in Princeton, New Jersey
Princeton, New Jersey is located in Mercer County, New Jersey, United States. Princeton University has been sited in the town since 1756. , is the single subsidiary of CARNEGIE BANCORP. CARNEGIE BANK, N.A. serves small businesses, professionals and high net worth individuals through its seven branches located in Princeton, Hamilton, Marlton, Denville, Toms River and Montgomery Township, New Jersey Montgomery Township is a Township in Somerset County, New Jersey, United States. As of the United States 2000 Census, the township population was 17,481. The Census Bureau's 2006 population estimate for Montgomery Township is 23,243, which represents growth of over 140% since the , as well as Langhorne, Pennsylvania Langhorne is a borough in Bucks County, Pennsylvania, United States. The population was 1,981 at the 2000 census. The name "Langhorne" is also used broadly to include the surrounding townships encompassed by ZIP code 19047. . Another branch is expected to open this year Flemington, New Jersey Flemington is a Borough in Hunterdon County, New Jersey, United States. As of the United States 2000 Census, the borough population was 4,201. It is the county seat of Hunterdon County. . CONTACT: CARNEGIE BANK, N.A., Princeton THOMAS L. GRAY, JR., 609/520-0601 LEONARDO G. ZANGANI, 908/788-9660 |
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