Integrity Financial Corporation First Quarter Results
April 29 2004 - 10:42AM
PR Newswire (US)
Integrity Financial Corporation First Quarter Results HICKORY,
N.C., April 29 /PRNewswire-FirstCall/ -- Integrity Financial
Corporation , a financial services holding company doing business
under the bank names of Catawba Valley Bank, Hickory, North
Carolina, First Gaston Bank, Gastonia, North Carolina and
subsidiary Integrity Securities, Hickory, North Carolina announced
first quarter earnings of $1,118,451 or $0.24 per share. This
compares to $1,193,368 or $0.26 per share for the comparable period
in 2003. The Company's assets grew from $629.7 million at December
31, 2003 to $645.9 million at March 31, 2004, a growth rate of
2.6%. Loans increased from $463.4 million to $474.4 million or 9.8%
for the period, while deposits grew 13.1% from $498.0 million to
$516.4 million at March 31, 2004. The decrease in first quarter
earnings was largely due to reduced income from residential
mortgage operations, and increased operating expenses from three
new branches that were opened late in 2003. Questions about this
release can be directed to Susan Mikels at (828) 315-6202 or Marty
Lowder at (828) 315-6200. DATASOURCE: Integrity Financial
Corporation CONTACT: R. Steve Aaron, President and CEO of Integrity
Financial Corporation, +1-888-894-2483 Web site:
http://www.catawbavalleybank.com/
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