Integrity Financial Corp. Third Quarter Earnings Release
29 October 2004 - 3:53AM
PR Newswire (US)
Integrity Financial Corp. Third Quarter Earnings Release HICKORY,
N.C., Oct. 28 /PRNewswire-FirstCall/ -- Integrity Financial
Corporation (NASDAQ:IFCB), a financial services holding company
doing business under the bank names of Catawba Valley Bank,
Hickory, North Carolina and First Gaston Bank, Gastonia, North
Carolina announced third quarter earnings of $1,396,770 or $0.30
per share. This compares to $1,161,113 or $0.23 per share for the
comparable period in 2003, a 20 percent increase. For the nine
months ending September 30, 2004, the holding company's earnings
were $3,841,184 or $0.83 per share compared to the nine month
earnings from the comparable period in 2003 of $3,693,132 or $0.76
per share a 4 percent increase. The Company's assets grew from
$629.7 million at December 31, 2003 to $675.1 million at September
30, 2004, an increase of 7.21 percent. Loans increased from $463.4
million to $499.7 or 7.83 percent for the period, while deposits
grew 9.01 percent from $498.0 to $542.8 million at September 30,
2004. President and CEO, R. Steve Aaron attributes the increased
earnings to the opening of three branches in key locations, asset
growth combined with improved interest margins and efficiencies
gained from centralizing back office departments. Questions about
this release can be directed to Susan Mikels at (828) 315-6202.
DATASOURCE: Integrity Financial Corporation CONTACT: R. Steve
Aaron, President and CEO of Integrity Financial Corporation,
+1-888-894-2483 Web site: http://www.catawbavalleybank.com/
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