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.
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