Business

First Community 1Q income up

Posted April 29, 2015 1:00 am

JOLIET - First Community Financial Partners, the parent company of First Community Financial Bank, reported net income for the first quarter of 2015 was $1.6 million as the banking group benefitted from stronger growth and efficiencies.

Net income for the quarter translated into 9 cents per diluted share, compared with $361,000, or 2 cents per diluted share, for the same period in 2014.

"Our first quarter earnings reflect the positive impact of First Community's decisive actions taken in recent years to strengthen the company's balance sheet and capital position, cut expenses through bank charter consolidation, reduce nonperforming loans, and prepare the Company for healthy growth," said Chief Executive Officer Roy C. Thygesen.

First Community has locations in Plainfield, Homer Glen, Naperville and Burr Ridge.

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