In the Q3, 1st Constitution Bancorp's corporate clients experienced a reduction by -6.12 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -16.32 %. During the corresponding time, 1st Constitution Bancorp recorded a revenue increase by 1.93 % year on year, sequentially revenue grew by 3.05 %. While revenue at the 1st Constitution Bancorp's corporate clients recorded rose by 17.76 % year on year, sequentially revenue grew by 9.59 %.
Customers of 1st Constitution Bancorp saw their costs of revenue decrease by -6.12 % in Q3 compare to a year ago, sequentially costs of revenue were trimmed by -16.32 %, for the same period 1st Constitution Bancorp recorded revenue increase by 1.93 % year on year, sequentially revenue grew by 3.05 %.
1st Constitution Bancorp's Comment on Sales, Marketing and Customers
A portion of the Bank’s lending activities consists of the origination
of fixed and adjustable rate residential first mortgage loans secured by owner-occupied
property located in the Bank’s primary market areas. Home mortgage lending
is unique in that a broad geographic territory may be serviced by originators
working from strategically placed offices either within the Bank’s traditional
banking facilities or from affordable storefront locations in commercial buildings.
The Bank also offers construction loans, reverse mortgages, second mortgage home
improvement loans and home equity lines of credit.
1st Constitution Bancorp’s Comment on Sales, Marketing and Customers
A portion of the Bank’s lending activities consists of the origination
of fixed and adjustable rate residential first mortgage loans secured by owner-occupied
property located in the Bank’s primary market areas. Home mortgage lending
is unique in that a broad geographic territory may be serviced by originators
working from strategically placed offices either within the Bank’s traditional
banking facilities or from affordable storefront locations in commercial buildings.
The Bank also offers construction loans, reverse mortgages, second mortgage home
improvement loans and home equity lines of credit.
Sources:
1st Constitution Bancorp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: 1st Constitution Bancorp’s corporate clients.
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