Select Bancorp Reports Third Quarter 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., Oct. 22, 2018 (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 quarter ended September 30, 2018 of $4.3 million with basic and diluted earnings per share of $0.27, compared to net income of $1.8 million and basic and diluted earnings per share of $0.15 for the comparative quarter ended September 30, 2017. On a linked-quarter basis, the Company reported a $1.2 million increase in net income to $4.3 million for the third quarter ended September 30, 2018 from $3.1 million for the second quarter ended June 30, 2018. Net income for the quarter ended September 30, 2018 included a $459,000 reverse provision for loan losses. The Company’s total assets have increased $58.0 million from $1.19 billion at December 31, 2017 to $1.25 billion at September 30, 2018. The increase in assets was primarily attributable to a $65.7 million increase in the Company’s inter
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