FORT LEE, N.J., Aug. 14, 2013 (GLOBE NEWSWIRE) -- Bancorp of New Jersey, Inc. (NYSE MKT:BKJ), the holding company of Bank of New Jersey, reported its strongest first six months net income. Net income for the six months ended June 30, 2013 reached $2.3 million compared to net income of $1.9 million for the six months ended June 30, 2012. This represents a 19.6% increase in net income, or approximately $370 thousand. Earnings per diluted share reached $0.42 for the six months ended June 30, 2013 compared to $0.36 per diluted share for the six months ended June 30, 2012. Net income for the second quarter of 2013 was $1.1 million, an increase of approximately $123 thousand, or 12.4%, as compared to net income of $994 thousand for the second quarter of 2012. Earnings per diluted share grew to $0.21 for the quarter ended June 30, 2013, an increase of $0.02, or 10.5%, over the diluted earnings per share of $0.19 for the quarter ended June 30, 2012. The net income generated during this quarter represents the company's twenty-sixth consecutive quarter of profitability and represents the company's strongest six month period to begin a year.
Bancorp Of New Jersey, Inc. Reports Continued Record Earnings And Record Assets
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