Carnegie Bancorp Announces 43% Increase in Earnings.PRINCETON, N.J.--(BUSINESS WIRE)--July 14, 1997--CARNEGIE BANCORP (NASDAQ/NNM: CBNJ CBNJ Community Bancorp of New Jersey , CBNJW) announced that it had earned net income after taxes for the quarter ended June 30, 1997 of $806,000, compared to $564,000 for the same period last year, an increase of 43%. 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 1997 were $0.35 and $0.34, respectively, compared to $0.27 per share for both primary and fully diluted net income for the second quarter 1996. For the six months ended June 30, 1997, income after taxes increased to $1,573,000 ($0.68 per share for primary and $0.67 per share for fully diluted net income), compared to $1,170,000 ($0.56 per share for both primary and fully diluted net income) for the same period 1996, representing an increase of 34%. Shares outstanding increased to 2,146,758 at June 30, 1997, compared to 1,843,059 at June 30, 1996. As of June 30, 1997, total loans increased to $270 million, or an increase of 39% over the same period last year. Carnegie posted over $371 million in total assets, an increase of 34%, compared to 1996. For the second quarter 1997, the Company's total deposits increased to $327 million, or an increase of 49% over the same period last year. 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 branch offices located in Princeton, Hamilton, Marlton, Denville, Toms River, Montgomery Township Montgomery Township may refer to:
The name "Langhorne" is also used broadly to include the surrounding townships encompassed by ZIP code 19047. . CONTACT: CARNEGIE BANCORP THOMAS L. GRAY, JR., (609) 520-0601 or L. G. ZANGANI, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . LEONARDO G. ZANGANI, (908) 788-9660 E-mail: Zangani@aol.com Web site: http://www.zangani.com |
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