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.
Click here to receive FREE breaking news email alerts for Encore Bancshares, Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com