Encore Bancshares Q1 Profit Rises - Quick Facts

4/27/2012 12:52 PM ET

Encore Bancshares Inc. (EBTX: Quote) reported that its first-quarter net income available to common shareholders was $3.1 million, or $0.26 per share, compared to $594 thousand, or $0.05 per share in the comparable quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.16 per share. Analysts' estimates typically exclude special items.

Net interest income for the quarter rose to $12.11 million from $11.03 million in the prior year quarter. Total non-interest income was $7.6 million, up from $7.1 million in year ago quarter due to an increase in trust and investment management fees and higher insurance fees and commissions.

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by RTT Staff Writer

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