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Stock Market & Financial Investment News

News Breaks
April 15, 2014
08:06 EDTIBCAIntervest Bancshares reports Q1 EPS 17c vs 16c. last year
The company said,"No provision for real estate losses was recorded in Q1, compared to $0.6M last year. The amount for Q1 reflected decreases in the estimated fair value of a number of properties owned through foreclosure. Net interest and dividend income increased 13% to $10.2M in Q1, from $9M last year, reflecting a higher net interest margin."
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July 16, 2014
08:06 EDTIBCAIntervest Bancshares reports Q2 net interest income $10.9M vs. $8.6M last year
Reports Q2 credits for loan losses of $1M. The amounts in the 2014 periods reflected improved credit quality resulting from the payoff of four substandard loans totaling $6.9 million in Q2-14 and an upgrade of one loan ($1.6 million) in Q1-14, while the 2013 amounts were due to partial recoveries of prior loan charge offs. Reports Q2 noninterest income increased to $2.5M. Reports No provisions for real estate losses were required on properties owned through foreclosure in the 2014 periods, vs. $0.1M last year.
08:04 EDTIBCAIntervest Bancshares reports Q2 EPS 26c vs. 14c last year

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