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Intervest Bancshares Q4 Profit Rises

Intervest Bancshares Corp. (IBCA) reported fourth-quarter net earnings of $2.7 million or $0.13 per share, compared to $0.4 million, or $0.02 per share for the previous year quarter.

Net-interest and dividend income increased to $10.6 million from $10.4 million last year, while non-interest income was $974 thousand, down from $1.1 million in the comparable quarter last year.

by RTTNews Staff Writer

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