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1ST Constitution Bancorp (FCCY)

1ST Constitution Bancorp, through its primary subsidiary, 1STConstitution Bank, operates 26 branch banking offices in Asbury Park, Cranbury (2), Fair Haven, Fort Lee, Freehold, Hamilton, Hightstown, Hillsborough, Hopewell, Jackson, Jamesburg, Lawrenceville, Little Silver, Long Branch, Manahawkin, Neptune City, Perth Amboy, Plainsboro, Princeton, Rocky Hill, Rumson, Shrewsbury and Toms River (3), New Jersey.

Company profile

Ticker
FCCY
Exchange
NASDAQ
Website
www.1stconstitution.com
CEO
Robert F. Mangano
Employees
Incorporated
New Jersey
Location
New Jersey
Fiscal year end
Dec 31
Sector
Finance and Insurance > Savings Institutions
Industry (SIC)
Savings Institution, Federally Chartered
E Trade Financial • People's United Financial • Flagstar Bancorp • BankUnited • Umpqua • TFS Financial • Eastern Bankshares • Capitol Federal Financial • Provident Financial Services • Columbia Financial ...
SEC CIK
0001141807
Corporate docs
Subsidiaries
1ST Constitution Investment Company • of New Jersey, Inc. • FCB Assets Holdings, Inc. • 204 South Newman Street LLC. • 249 New York Avenue LLC ...
IRS number
223665653

FCCY stock data

Calendar

8 Nov 21
9 Aug 22
31 Dec 22

Financial summary

Financial statements Chart FCCY financial data
Quarter (USD) Sep 21 Jun 21 Mar 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Financial data from company earnings reports.

Recent insider trades

FCCY insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jan 22 Tartaglia Roy D Common Stock Sale back to company Dispose D Yes No 0 19,868 0 0
6 Jan 22 Tartaglia Roy D Common Stock Sale back to company Dispose D Yes No 0 21,550 0 0
6 Jan 22 Tartaglia Roy D Common Stock Sale back to company Dispose D Yes No 0 350 0 0
6 Jan 22 Tartaglia Roy D Common Stock Sale back to company Dispose D No No 0 44,385 0 0
6 Jan 22 Rue William M Common Stock Sale back to company Dispose D Yes No 0 6,051 0 0
6 Jan 22 Rue William M Common Stock Sale back to company Dispose D Yes No 0 46,615 0 0
6 Jan 22 Rue William M Common Stock Sale back to company Dispose D No No 0 218,024 0 0
6 Jan 22 Mangano Robert F Common Stock Sale back to company Dispose D No No 0 563,751 0 0
6 Jan 22 Mangano Robert F Common Stock Payment of exercise Dispose F No No 27.79 8,442 234.6K 563,751
6 Jan 22 Cannon J. Lynne Common Stock Sale back to company Dispose D No No 0 8,789 0 0
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q4 2021

FCCY institutional ownership history Ownership history
40.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 50 48 +4.2%
Opened positions 6 13 -53.8%
Closed positions 4 9 -55.6%
Increased positions 15 11 +36.4%
Reduced positions 14 15 -6.7%
13F shares Current Prev Q Change
Total value 108.32M 97.24M +11.4%
Total shares 4.21M 4.08M +3.1%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Alliancebernstein 454.81K $11.66M -5.5%
Banc Funds 442.14K $11.34M -8.3%
Tudor Investment Corp Et Al 429.23K $11.01M +6.1%
Vanguard 397.35K $10.19M -1.7%
Dimensional Fund Advisors 272.15K $6.99M -1.0%
Chicago Capital Management 262.6K $6.73M +22.0%
Context BH Capital Management 179.65K $4.61M +1.7%
Siena Capital Partners GP 167.96K $4.31M 0.0%
Highland Capital Management Fund Advisors 148.64K $3.82M +149.7%
Stieven Capital Advisors 146.8K $3.76M -0.3%
Largest transactions Shares Bought/sold Change
Highland Capital Management Fund Advisors 148.64K +89.1K +149.7%
Strategic Value Bank Partners 54.45K +54.45K NEW
Chicago Capital Management 262.6K +47.4K +22.0%
Banc Funds 442.14K -40.15K -8.3%
Ergoteles 112.88K +39.37K +53.6%
Alliancebernstein 454.81K -26.37K -5.5%
Tudor Investment Corp Et Al 429.23K +24.67K +6.1%
Marshall Wace 0 -17.31K EXIT
LSV Asset Management 6.1K -16.7K -73.2%
Renaissance Technologies 117.87K -16.54K -12.3%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Management Discussion
  • Item 2.       Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • When used in this Quarterly Report on Form 10-Q for the three and nine months ended September 30, 2021 (this “Form 10-Q”), the words “the Company,” “we,” “our,” and “us” refer to 1ST Constitution Bancorp and, as the context requires, its wholly-owned subsidiary, 1ST Constitution Bank (the “Bank”), the Bank’s wholly-owned subsidiaries, 1ST Constitution Investment Company of New Jersey, Inc. and FCB Assets Holdings, Inc., and 1ST Constitution Real Estate Investment Corporation, which is indirectly owned by the Bank.  1ST Constitution Capital Trust II (“Trust II”), a subsidiary of the Company, is not included in the Company’s consolidated financial statements as it is a variable interest entity and the Company is not the primary beneficiary. Trust II, a subsidiary of the Company, was created in May 2006 to issue trust preferred securities to assist the Company in raising additional capital.
  • This discussion and analysis of the operating results for the three and nine months ended September 30, 2021 and financial condition at September 30, 2021 is intended to help readers analyze the accompanying financial statements, notes and other supplemental information contained in this Form 10-Q. Results of operations for the three- and six-month periods ended September 30, 2021 are not necessarily indicative of results to be attained for any other period.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: admitting, advisor, al, alleged, allegedly, arise, asserted, awarding, captioned, Chancery, Complaint, County, culminated, diminish, discovery, Division, expedited, joint, letter, Middlesex, misleading, mooted, motion, overtime, page, plaintiff, proxy, reinvestment, release, rescinding, rescissory, restaurant, Revitalization, sought, suffered, Superior, unsettled, Venue, Vigliotti, workout, wrongdoing
Removed: merit, repaid
From filing 10-Q 2021 Q3
Financial reports
View all
10-Q
2021 Q3
Quarterly report
8 Nov 21
10-Q
2021 Q2
Quarterly report
9 Aug 21
10-Q
2021 Q1
Quarterly report
10 May 21
10-K
2020 FY
Annual report
15 Mar 21
10-Q
2020 Q3
Quarterly report
6 Nov 20
10-Q
2020 Q2
Quarterly report
9 Aug 20
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
16 Mar 20
10-Q
2019 Q3
Quarterly report
8 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
Current reports
View all
8-K
Entry into a Material Definitive Agreement
6 Jan 22
8-K
Announce Final Regulatory Non-Objection in Connection with Proposed Merger
13 Dec 21
8-K
Announce the Receipt of Shareholder Approvals in Connection with Proposed Merger
7 Dec 21
8-K
Other Events
9 Nov 21
8-K
Announce the Receipt of FDIC and New Jersey Approvals in Connection with Proposed Merger
5 Nov 21
8-K
Reports a 10.6% Increase In Net Income for the Third Quarter of 2021
22 Oct 21
8-K
Reports a 39.6% Increase In Net Income for the Second Quarter of 2021
23 Jul 21
8-K
Entry into a Material Definitive Agreement
12 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
31 May 21
8-K
Results of Operations and Financial Condition
4 May 21
Registration and prospectus
View all
15-12G
Securities registration termination
18 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jan 22
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Jan 22
25-NSE
Exchange delisting
6 Jan 22
425
Business combination disclosure
9 Nov 21
Proxies
View all
DEFM14A
Proxy related to merger
19 Oct 21
DEF 14A
Definitive proxy
22 Apr 21
DEF 14A
Definitive proxy
16 Apr 20
DEFA14A
Additional proxy soliciting materials
3 May 19
DEF 14A
Definitive proxy
18 Apr 19
DEF 14A
Definitive proxy
27 Apr 18
DEF 14A
Definitive proxy
23 Apr 17
DEF 14A
Definitive proxy
21 Apr 16
DEF 14A
Definitive proxy
13 Apr 15
DEF 14A
Definitive proxy
14 Apr 14
Other
View all
EFFECT
Notice of effectiveness
27 Aug 19
CORRESP
Correspondence with SEC
22 Aug 19
UPLOAD
Letter from SEC
15 Aug 19
EFFECT
Notice of effectiveness
14 Feb 18
CORRESP
Correspondence with SEC
13 Feb 18
UPLOAD
Letter from SEC
2 Jan 18
EFFECT
Notice of effectiveness
17 Dec 13
CORRESP
Correspondence with SEC
15 Dec 13
CORRESP
Correspondence with SEC
11 Dec 13
UPLOAD
Letter from SEC
8 Dec 13
Ownership
View all
SC 13G/A
1ST CONSTITUTION BANCORP / ALLIANCEBERNSTEIN ownership change
14 Feb 22
4
1ST CONSTITUTION BANCORP / NAQI A NAQVI ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / JOHN T ANDREACIO ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / Stephen J Gilhooly ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / J. Lynne Cannon ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / EDWIN J PISANI ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / JAMES G AARON ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / CHARLES S CROW III ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / CARMEN M PENTA ownership change
10 Jan 22
4
1ST CONSTITUTION BANCORP / William James Barrett ownership change
10 Jan 22

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