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County Bancorp: 4Q Earnings Snapshot

Associated Press
Updated

MANITOWOC, Wis. (AP) _ County Bancorp Inc. (ICBK) on Thursday reported fourth-quarter profit of $3.3 million.

The bank, based in Manitowoc, Wisconsin, said it had earnings of 47 cents per share.

The bank that lends to dairy farmers posted revenue of $19 million in the period. Its revenue net of interest expense was $13.3 million, exceeding Street forecasts.

For the year, the company reported profit of $16.5 million, or $2.36 per share. Revenue was reported as $54.2 million.

County Bancorp shares have climbed 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $26.95, an increase of 49% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICBK at https://www.zacks.com/ap/ICBK