ICB Financial H1 net income up 62%

Tue. July 15, 2008; Posted: 08:39 AM

Jul 15, 2008 (Datamonitor via COMTEX) -- ICBNE | Quote | Chart | News | PowerRating -- ICB Financial, which provides a range of commercial banking services primarily to small business and individuals, has reported a net income of $696,000 for the six months ended June 30, 2008, a 61.9% increase compared to $430,000 for the same period in 2007.

Earnings per basic and fully diluted common share for the six months ended June 30, 2008 were $0.13 compared to $0.08 for the same period in 2007.

The company reported gross interest revenue of $7.5 million for the current six months, a 5% increase compared to $7.2 million for the six months ended June 30, 2007.

Earnings per basic and fully diluted common share for the second quarter ended June 30, 2008 were $0.04 compared to $0.01 for the same period in 2007.

The company reported a net income of $221,000 for the second quarter ended June 30, 2008, compared to $57,000 for the same period of 2007. Earnings per basic and fully diluted common share stood at $0.04, compared to $0.01 in the same period of 2007.

The company reported gross interest revenue of $3.6 million for the second quarter of 2008, a 2.7% decrease compared to $3.7 million for the same period of 2007.

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