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.