|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||16.89 - 16.89|
|52 Week Range||12.00 - 17.10|
|Beta (5Y Monthly)||0.70|
|PE Ratio (TTM)||12.40|
|Forward Dividend & Yield||0.12 (0.71%)|
|Ex-Dividend Date||May 20, 2021|
|1y Target Est||N/A|
InsCorp, parent company to INSBANK (OTCQX:IBTN), today reported second quarter earnings of $1,369,000, or $0.47 per share compared to $549,000 and $.19 per share for the same period in 2020. Year-to-date earnings were $2,659,000, or $0.91 per share, which was a 107.6% increase over the prior year of $1,281,000 for the six months ended June 30, 2020. Net interest margin improved for the third consecutive quarter, as repricing liabilities drove a decrease in the bank's cost of funding. "Our team m
InsCorp, parent company to INSBANK (OTCQX: IBTN), today reported first quarter earnings of $1,290,000, or $0.44 per common share. This represents an increase of $482,000, or 60%, over the previous quarter, and a $557,000 increase over the same quarter the prior year. Factors contributing to the results included core loan growth; PPP loan fee income; decreased funding costs; and income recognized from interest rate hedges. "Our team members have been purposeful throughout the pandemic, allocating resources to pandemic-driven matters such as industry-specific credit challenges, PPP loans, and the Fed's zero interest rate policy, while concurrently executing innovation strategies in a rapidly-changing, technology-driven economy," said Jim Rieniets, President & CEO of INSBANK. "In the midst of the pandemic we launched our niche healthcare brand, Medquity, to promote a national presence for physician-focused lending programs that already serve clients in 15 states. Medquity offers a unique blend of industry expertise in commercial banking as well as web-driven products serving the needs of medical professionals," Rieniets continued. Steady growth of the bank's diverse healthcare portfolio in recent years now accounts for 25% of all loans.
Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the March Community Bank Investor Conference are now available for on-demand viewing.