Loan Growth Drives Q4 Profits for INSBANK Parent InsCorp
Yahoo! Finance
Today InsCorp (OTCQX: IBTN) reported a fourth quarter net profit of $2,319,000 or, 0.80 per share, representing a 33% increase over the fourth quarter of 2021. Year-to-date earnings are $10,336,000, or $3.59 per share. At the bank-level, net interest income for the quarter was $6,546,000, which was a 17.3% increase over the prior year same quarter. Operating income for the quarter was driven by a stable net interest margin as well as loan growth. During the quarter loans grew $31 million, or at
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