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Fidelity Southern Q1 Profit Rises

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Fidelity Southern Corp. (LION: Quote) Thursday said its first-quarter profit surged to $5.3 million or $0.29 per share from $1.8 million or $0.08 per share in the prior-year quarter, helped mainly by revenues.

Net-interest income for the period increased to $19.65 million from $17.17 million last year. Net interest margin increased 4 basis points to 3.86 percent from 3.82 percent last year. Non-interest income increased to $17.7 million from $11.7 million last year.

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