Select Bancorp Reports Fourth Quarter and Year-End 2018 Earnings
Select Bancorp, Inc. (SLCT)
Last select bancorp, inc. earnings: 1/24 04:35 pm
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US:NASDAQ Investor Relations:
selectbank.com/about-us/news-and-annual-reports
Company Research
Source: GlobeNewswire
DUNN, N.C., Jan. 25, 2019 (GLOBE NEWSWIRE) -- Select Bancorp, Inc. (the “Company” NASDAQ: SLCT), the holding company for Select Bank & Trust Company (the “Bank”), today reported net income for the year ended December 31, 2018 of $13.8 million and basic and diluted earnings per share of $0.87, compared to net income of $3.2 million and basic and diluted earnings per share of $0.27 for the year ended December 31, 2017. For the fourth quarter of 2018, the Company reported net income of $4.5 million, and basic and diluted earnings per share of $0.23, compared to a net loss of $2.0 million and basic and diluted loss per share of $0.17 for the fourth quarter of 2017. Total assets, deposits, and gross loans for the Company as of December 31, 2018 were $1.3 billion, $980.4 million, and $986.0 million, respectively, compared to total assets of $1.2 billion, deposits of $995.0 million, and gross loans of $982.6 million as of the same date in 2017. The year-over-year changes represented an
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