County Bancorp: 4Q Earnings Snapshot
MANITOWOC, Wis. (AP) _ County Bancorp Inc. (ICBK) on Monday reported fourth-quarter net income of $2.8 million.
The bank, based in Manitowoc, Wisconsin, said it had earnings of 40 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The bank that lends to dairy farmers posted revenue of $19.4 million in the period. Its revenue net of interest expense was $13.1 million, beating Street forecasts. Three analysts surveyed by Zacks expected $12.9 million.
For the year, the company reported profit of $14.3 million, or $2.04 per share. Revenue was reported as $50.8 million.
County Bancorp shares have fallen 2 percent since the beginning of the year. The stock has decreased 39 percent in the last 12 months.