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Select Bancorp: 4Q Earnings Snapshot

DUNN, N.C. (AP) _ Select Bancorp Inc. (SLCT) on Friday reported fourth-quarter net income of $4.5 million, after reporting a loss in the same period a year earlier.

The Dunn, North Carolina-based company said it had net income of 23 cents per share.

The bank holding company posted revenue of $15.8 million in the period. Its adjusted revenue was $13.1 million.

For the year, the company reported profit of $13.8 million, or 87 cents per share. Revenue was reported as $52.1 million.

Select Bancorp shares have dropped slightly more than 3 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $11.97, a fall of 11 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 SLCT at https://www.zacks.com/ap/SLCT