Intervest Bancshares Corporation (IBC) (NASDAQ-GS:IBCA), parent company
of Intervest National Bank (INB), today announced that its net earnings
available to common stockholders for the third quarter of 2014 (Q3-14)
increased 62% to $4.2 million, or $0.19 per share, from $2.6 million, or
$0.12 per share, for the third quarter of 2013 (Q3-13). For the first
nine months of 2014 (9mths-14), net earnings available to common
stockholders increased 49% to $13.8 million, or $0.62 per share, from
$9.2 million, or $0.42 per share, for the same period of 2013 (9mths-13).
Returns on average assets and average common stockholders’ equity
increased to 1.08% and 8.10% for Q3-14 and to 1.17% and 9.05% for
Q4 sales increased 5% to $454.3 million; Full-year sales increased 2% to $2.84 billion Adjusted gross margin rate improved 80 basis points in Q4 and 100 basis points for full year
Full-year adjusted EBITDA increased 6% to $412 million Company expects adjusted earnings per share of $3.40 to $3.60 in fiscal 2015 MARYSVILLE, Ohio , Nov.
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