MANITOWOC, Wis. (AP) _ County Bancorp Inc. (ICBK) on Thursday reported second-quarter net income of $2.7 million.
The Manitowoc, Wisconsin-based bank said it had earnings of 40 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.
The bank that lends to dairy farmers posted revenue of $17.1 million in the period. Its revenue net of interest expense was $12.3 million, also exceeding Street forecasts.
County Bancorp shares have declined 21% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.35, a rise of 11% in the last 12 months.