InsCorp Q2 Net Interest Income Jumps 14%, Dividend Hiked 9%
IBTN sits 24% above its 52-week low of $22.75 on light trading volume (0.1× avg).
Summary
InsCorp delivered a strong Q2 with net interest income up 14% YoY to $8.14M, driven by 16% growth in average earning assets. Loans and deposits grew 13% and 15% respectively, while an improved deposit mix reduced funding costs. EPS rose 1% to $0.72, and the board raised the quarterly dividend 9% to $0.12 per share, signaling confidence in the outlook. The Murfreesboro expansion reached breakeven ahead of schedule, and management expects healthy loan growth and stable overhead in the second half. For a $82M market cap bank, this level of organic growth and capital return is notable.
At the time of this announcement, IBTN was trading at $28.19 on OTC in the Finance sector, with a market capitalization of approximately $81.9M. The 52-week trading range was $22.75 to $31.40. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.