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Select Bancorp posts 4Q profit

DUNN, N.C. (AP) _ Select Bancorp Inc. (SLCT) on Friday reported fourth-quarter earnings of $1.6 million.

The Dunn, North Carolina-based company said it had profit of 14 cents per share.

The bank holding company posted revenue of $9.6 million in the period. Its adjusted revenue was $8.6 million.

For the year, the company reported profit of $6.8 million, or 58 cents per share. Revenue was reported as $34.2 million.

Select Bancorp shares have risen slightly more than 5 percent since the beginning of the year. In the final minutes of trading on Friday, shares hit $10.37, an increase of 29 percent in the last 12 months.

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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

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Keywords: Select Bancorp, Earnings Report