FORT LEE, N.J., Nov. 14, 2013 (GLOBE NEWSWIRE) -- Bancorp of New Jersey, Inc. ("the Company") (NYSE MKT:BKJ), the holding company of Bank of New Jersey, reported its strongest quarterly net income to date. Net income for the three months ended September 30, 2013 reached $1.2 million compared to net income of $1.1 million for the three months ended September 30, 2012. This represents a 7.3% increase in net income, or approximately $83 thousand. Earnings per diluted share reached $0.23 for the three months ended September 30, 2013 compared to $0.22 per diluted share for the three months ended September 30, 2012. Net income for the nine months ended September 30, 2013 was $3.5 million, an increase of approximately $454 thousand, or 15.0%, as compared to net income of $3.0 million for the nine months ended September 30, 2012. Earnings per diluted share grew to $0.65 for the nine months ended September 30, 2013, an increase of $0.07, or 12.1%, over the diluted earnings per share of $0.58 for the nine months ended September 30, 2012. The net income generated during this quarter represents the company's twenty-seventh consecutive quarter of profitability and also represents the company's strongest nine month period to begin a year.
Bancorp Of New Jersey, Inc. Announces Record Earnings
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