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National Commerce posts 1Q profit

BIRMINGHAM, Ala. (AP) _ National Commerce Corp. (NCOM) on Monday reported first-quarter earnings of $5.9 million.

The bank, based in Birmingham, Alabama, said it had earnings of 45 cents per share.

The bank holding company posted revenue of $30.3 million in the period. Its adjusted revenue was $27.9 million, exceeding Street forecasts. Three analysts surveyed by Zacks expected $24.7 million.

National Commerce shares have risen 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.90, a climb of 59 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NCOM at https://www.zacks.com/ap/NCOM


Keywords: National Commerce, Earnings Report