logo
Share SHARE
FONT-SIZE Plus   Neg

Intervest Bancshares Q1 Profit Rises - Quick Facts

Intervest Bancshares Corp. (IBCA), Monday, reported a higher profit for the first quarter.

The New York-based company reported first-quarter net profit available to common stockholders of $2.81 million or $0.13 per share, compared to $1.73 million or $0.08 per share last year.

Net interest and dividend income for the quarter dropped to $9.96 million from $10.35 million in the prior-year quarter.

In the quarter, non-interest income rose to $1.13 million from $323 thousands last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Activision Blizzard reported a better-than-expected increase in second-quarter profit, as the video game publisher saw robust growth in digital channels, penetration in China and improved margins. It lifted its guidance for 2015, sending its shares up... Diversified media and entertainment conglomerate Walt Disney Co. said Tuesday after the markets closed that its third quarter profit rose 11% from last year, driven mainly by strong earnings growth at its film and consumer products divisions. The company's quarterly earnings per share came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast. AIG reported a plunge in second-quarter profit, hurt by a decline at its insurance business, debt-related losses and lower gains from the sale of investments. However, its earnings topped Street estimates, partly on contribution from aircraft leasing giant AerCap. AIG also announced a boost in dividend and said it would buyback an additional $5 billion stock.
comments powered by Disqus
Follow RTT