U.S. Markets close in 49 mins

Select Bancorp: 1Q Earnings Snapshot

DUNN, N.C. (AP) _ Select Bancorp Inc. (SLCT) on Wednesday reported first-quarter profit of $1.1 million.

On a per-share basis, the Dunn, North Carolina-based company said it had profit of 6 cents.

The bank holding company posted revenue of $15.6 million in the period. Its adjusted revenue was $12.9 million.

Select Bancorp shares have fallen 28% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.81, a drop of 28% 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 SLCT at https://www.zacks.com/ap/SLCT