1st Constitution Bancorp (FCCY) Misses Q1 EPS by 8c

1st Constitution Bancorp (NASDAQ: FCCY) reported Q1 EPS of $0.33, $0.08 worse than the analyst estimate of $0.41.

Robert F. Mangano, President and Chief Executive Officer, stated, “We are currently focused on the COVID-19 impact on our customers and communities and are responding in a comprehensive manner to this unprecedented social and economic disruption. The safety of our employees and customers is our first priority. We are working expeditiously with our loan and deposit customers to provide access to additional credit and forbearance on loan payments where warranted. We will remain dedicated and diligent in providing comprehensive financial services to our customers and the communities we serve.”

Mr. Mangano added, “The duration and extent of the economic disruption is not knowable or measurable at this time. The federal government and the Federal Reserve System have responded in an extraordinary manner to assist citizens and businesses and the effectiveness of this expansive financial relief is not currently predictable. We believe that the Company is well positioned and has the financial flexibility to address these challenging times with its strong capital position, strong core operating fundamentals and liquidity resources to meet our customers’ financial requirements.”

For earnings history and earnings-related data on 1st Constitution Bancorp (FCCY) click here.

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