Last $7.53 USD
Change Today 0.00 / 0.00%
Volume 47.0K
IBCA On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

intervest bancshares corp (IBCA) Snapshot

Open
$7.53
Previous Close
$7.53
Day High
$7.53
Day Low
$7.47
52 Week High
10/1/13 - $8.05
52 Week Low
04/18/13 - $5.67
Market Cap
165.8M
Average Volume 10 Days
60.7K
EPS TTM
$0.64
Shares Outstanding
22.0M
EX-Date
05/19/09
P/E TM
11.8x
Dividend
--
Dividend Yield
--
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. The company offers 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. Its loan portfolio comprises first mortgage loans secured by commercial and multifamily real estate properties, commercial real estate loans, multifamily loans, land loans, one to four family loans, commercial business loans, and consumer loans. The company also 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. It has one full-service banking office in New York City; and six full-service banking offices in Pinellas County, Florida. Intervest Bancshares Corporation 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: $1.1M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $261.5K
Member of Investment Committee, Member of Ris...
Total Annual Compensation: $510.2K
Vice President, Secretary, Director and Membe...
Total Annual Compensation: $282.5K
Chief Credit Officer for Intervest National B...
Total Annual Compensation: $166.9K
Compensation as of Fiscal Year 2012.

intervest bancshares corp (IBCA) Key Developments

Intervest Bancshares Corp. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Intervest Bancshares Corp. reported consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported interest and dividend income of $15.513 million compared to $16.249 million for the same period a year ago. Net interest and dividend income was $10.243 million compared to $9.004 million for the same period a year ago. Earnings before income taxes was $6.836 million compared to $6.966 million for the same period a year ago. Net earnings available to common stockholders was $3.842 million or $0.17 per basic and diluted share compared to $3.429 million or $0.16 per basic and diluted share for the same period a year ago. Return on average assets (annualized) was 0.97% compared to 0.95% a year ago. Return on average common equity (annualized) was 7.74% compared to 8.29% a year ago. Book value per common share increased to $9.16 at March 31, 2014, from $8.99 at December 31, 2013.

Federal Reserve Board Announces Termination of Enforcement Actions with CoastalSouth Bancshares, Inc., Community West Bancshares and Intervest Bancshares Corporation

Federal Reserve Board announced termination of enforcement actions with CoastalSouth Bancshares, Inc., Community West Bancshares and Intervest Bancshares Corporation. CoastalSouth Bancshares, Inc.'s written agreement was dated February 2, 2012 and was terminated on March 10, 2014. Community West Bancshares written agreement was dated April 23, 2012 and was terminated on March 11, 2014 and Intervest Bancshares Corporation's written agreement was dated January 14, 2011 and was terminated on March 7, 2014.

Intervest Bancshares Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Records Real Estate Charge Off for the Fourth Quarter of 2013

Intervest Bancshares Corp. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported interest and dividend income of $16,120,000 compared with $17,798,000 for the same period a year ago. Net interest and dividend income was $10,097,000 compared with $9,695,000 for the same period a year ago. Earnings before income taxes were $7,683,000 compared with $6,517,000 for the same period a year ago. Net earnings available to common stockholders was $4,207,000 or $0.19 per basic and diluted share compared with $3,074,000 or $0.14 per basic and diluted share for the same period a year ago. Return on average assets was 1.06% compared with 0.82% for the same period a year ago. Return on average common equity was 8.72% compared with 7.67% for the same period a year ago. The $0.4 million increase in quarterly net interest income was due to an improved net interest margin. For the full year, the company reported interest and dividend income of $63,616,000 compared with $77,284,000 for the same period a year ago. Net interest and dividend income was $36,506,000 compared with $39,217,000 for the same period a year ago. Earnings before income taxes were $26,149,000 compared with $22,529,000 for the same period a year ago. Net earnings available to common stockholders was $13,437,000 or $0.61 per basic and diluted share compared with $10,421,000 or $0.48 per basic and diluted share for the same period a year ago. Return on average assets was 0.90% compared with 0.66% for the same period a year ago. Return on average common equity was 7.58% compared with 6.82% for the same period a year ago. Common book value per share was $8.99 compared with $8.44 for the same period a year ago. The $2.7 million decrease in year over year net interest income was due to a smaller average balance sheet, partially offset by a higher net interest margin. In 2013, total average interest-earning assets decreased by $187 million from 2012 (reflecting decreases of $57 million in loans and $130 million in total securities and overnight investments) while average deposits and borrowed funds decreased by $223 million and $9 million, respectively. For the quarter, the company recorded real estate charge offs of $256,000 compared with $1,124,000 for the same period a year ago.

 

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Valuation IBCA Industry Range
Price/Earnings 12.0x
Price/Sales 3.9x
Price/Book 0.8x
Price/Cash Flow 11.5x
TEV/Sales 0.7x
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