Last $9.70 USD
Change Today 0.00 / 0.00%
Volume 3.4K
IBCA On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:56 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

intervest bancshares corp (IBCA) Snapshot

Open
$9.69
Previous Close
$9.70
Day High
$9.70
Day Low
$9.65
52 Week High
10/21/14 - $9.73
52 Week Low
11/20/13 - $6.86
Market Cap
213.7M
Average Volume 10 Days
48.4K
EPS TTM
$0.83
Shares Outstanding
22.0M
EX-Date
11/12/14
P/E TM
11.7x
Dividend
$0.20
Dividend Yield
1.03%
Current Stock Chart for INTERVEST BANCSHARES CORP (IBCA)

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intervest bancshares corp (IBCA) Details

Intervest Bancshares Corporation operates as the bank holding company for Intervest National Bank that provides commercial and consumer banking services. It accepts various deposit products, including certificates of deposit, individual retirement accounts, checking and other demand deposit accounts, negotiable order of withdrawal accounts, savings accounts, and money market accounts. The company also offers loans comprising real estate loans, such as loans secured by commercial real estate and multi family real estate properties, vacant land, and 1-4 family real estate properties; and secured and unsecured personal and business loans. In addition, it provides Internet banking services, automated teller machine services, wire transfers, automated clearing house transfers, direct deposit of payroll and social security checks, automated drafts for various accounts, and safe deposit boxes. As of July 16, 2014, the company had one full-service banking office in New York; and six full-service banking offices in Clearwater and Gulfport, Florida. The company was founded in 1993 and is headquartered in New York, New York.

81 Employees
Last Reported Date: 03/3/14
Founded in 1993

intervest bancshares corp (IBCA) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: $1.2M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $287.9K
Member of Investment Committee, Member of Ris...
Total Annual Compensation: $581.4K
Vice President, Secretary, Director and Membe...
Total Annual Compensation: $291.4K
Chief Credit Officer for Intervest National B...
Total Annual Compensation: $192.9K
Compensation as of Fiscal Year 2013.

intervest bancshares corp (IBCA) Key Developments

Intervest Bancshares Corp. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Intervest Bancshares Corp. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest and dividend income of $10,990,000 compared to $8,830,000 a year ago. Earnings before income taxes were $7,268,000 compared to $5,157,000 a year ago. Net earnings available to common stockholders was $4,180,000 or $0.19 per basic and diluted share compared to $2,588,000 or $0.12 per basic and diluted share a year ago. Return on average assets (annualized) was 1.08% compared to 0.72% a year ago. Return on average common equity (annualized) was 8.10% compared to 5.94% a year ago. For the nine months, the company reported net interest and dividend income of $32,104,000 compared to $26,409,000 a year ago. Earnings before income taxes were $24,212,000 compared to $18,466,000 a year ago. Net earnings available to common stockholders was $13,760,000 or $0.62 per basic and diluted share compared to $9,230,000 or $0.42 per basic and diluted share a year ago. Return on average assets (annualized) was 1.17% compared to 0.85% a year ago. Return on average common equity (annualized) was 9.05% compared to 7.20% a year ago. Book value per common share increased to $9.35 at September 30, 2014, from $8.99 at December 31, 2013. The increase in net interest and dividend income for both periods of 2014 was driven by an improved interest rate spread and a higher ratio of interest-earning assets to interest-bearing liabilities due to deployment of cash into new loans.

Intervest Bancshares Corp. Declares Quarterly Cash Dividend, Payable on November 24, 2014

Intervest Bancshares Corp.'s Board of Directors declared quarterly cash dividend of $0.05 per share payable on November 24, 2014 to stockholders of record at the close of business November 14, 2014.

Intervest Bancshares Corporation Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Declares Quarterly Dividend, Payable on August 26, 2014

Intervest Bancshares Corporation announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported interest and dividend income of $16,066,000 against $15,623,000 a year ago. Net interest and dividend income was $10,871,000 against $8,575,000 a year ago. Earnings before income taxes were $10,108,000 against $6,343,000 a year ago. Net earnings available to common stockholders was $5,738,000 or $0.26 basic and diluted per share against $3,213,000 or $0.14 basic and diluted per share a year ago. Return on average assets was 1.45% against 0.88% a year ago. Return on average common equity was 11.31% against 7.39% a year ago. The $2.3 million quarterly increase in net interest and dividend income reflected an improved interest rate spread and a higher ratio of interest-earning assets to interest-bearing liabilities due to deployment of cash into new loans. For the six months, the company reported interest and dividend income of $31,579,000 against $31,872,000 a year ago. Net interest and dividend income was $21,114,000 against $17,579,000 a year ago. Earnings before income taxes were $16,944,000 against $13,309,000 a year ago. Net earnings available to common stockholders was $9,580,000 or $0.43 basic and diluted per share against $6,642,000 or $0.30 basic and diluted per share a year ago. Return on average assets was 1.21% against 0.91% a year ago. Return on average common equity was 9.54% against 7.83% a year ago. Common book value per share as on June 30, 2014 was $9.38 against $8.64 as at June 30, 2013. The company announced that its Board of Directors declared a quarterly dividend of $0.05 per common share payable on August 26, 2014 to shareholders of record at the close of business August 15, 2014.

 

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Valuation IBCA Industry Range
Price/Earnings 12.0x
Price/Sales 4.4x
Price/Book 1.0x
Price/Cash Flow 11.9x
TEV/Sales 3.0x
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