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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

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