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StoneCastle posts 4Q profit

NEW YORK (AP) _ StoneCastle Financial Corp. (BANX) on Tuesday reported fourth-quarter net income of $2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of 30 cents. Earnings, adjusted for investment costs, were 39 cents per share.

The investment company posted revenue of $4.2 million in the period.

For the year, the company reported profit of $7 million, or $1.07 per share. Revenue was reported as $17 million.

StoneCastle shares have risen roughly 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $19.76, a climb of 23 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 BANX at https://www.zacks.com/ap/BANX


Keywords: StoneCastle Financial, Earnings Report