Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Third Quarter Loss For Princeton National Bancorp (PNBC)

|Includes: Princeton National Bancorp, Inc. (PNBC)

 Princeton National Bancorp, Inc. (NASDAQ:PNBC), parent company of Citizens First National Bank, announced a net loss available to common stockholders of $2.232 million or $(0.67) per diluted common share ("EPS"), compared to net income to available common stockholders of $440,000 or $0.13 EPS in the third quarter of 2009.

The Princeton, (PNBC) Illinois-based company's net interest income improved to $9.25 million from $8.88 million in the comparable quarter a year ago. Total non-interest income was $2.47 million compared to $2.77 million last year.

Provision for loan losses increased sharply to $6.73 million from $2.41 million last year.

The price of PNBC stock closed at $4.75 on September 30, 2010, compared to $10.81 on December 31, 2009.

Princeton National Bancorp, Inc. (PNBC) is a single-bank holding company, which operates in one business segment conducting a full-service banking and trust business through its subsidiary bank, Citizens First National Bank (Citizens Bank or the Bank).

The Company offers stockholders the opportunity to participate in the Princeton National Bancorp, Inc. Dividend Reinvestment and Stock Purchase Plan, which allows for optional cash contributions to purchase stock. The Company also offers electronic direct deposit of dividends. 

Stock Twiter

Social Media's #1 Financial Newsletter Reaching Over 105,000 Readers!

Join Our FREE Newsletter! http://stocktwiter.com/

Join us on Twitter!
http://twitter.com/thestocktwiter

Disclaimer: http://www.stocktwiter.com/legal-disclaimer/



Disclosure: "No Positions"