Integrity Financial Corp. Year End, Fourth Quarter Earnings
March 16 2004 - 12:54PM
PR Newswire (US)
Integrity Financial Corp. Year End, Fourth Quarter Earnings
HICKORY, N.C., March 16 /PRNewswire-FirstCall/ Integrity Financial
Corporation , a financial services holding company doing business
under the bank names of Catawba Valley Bank, Hickory, North
Carolina and First Gaston Bank, Gastonia, North Carolina announced
fourth quarter earnings of $1,020,748 or $0.22 per share. This
compares to $1,145,465 or $0.42 per share for the comparable period
in 2002. For the year ending December 31, 2003, theholding
Company's earnings were $4,713,878 or $1.03 per share compared
$3,990,448 or $1.32 per share for 2002. The Company's assets grew
from $554.0 million at December 31, 2002 to $629.7 million at
December 31, 2003, a growth rate of 11.5%. Loans increased from
$415.7 to $463.4 or 11.5% for the period, while deposits grew 13.7%
from $440.5 million to $498.0 million at December 31, 2003. The
decrease in fourth quarter was largely due to the slow down of the
refinancing boom resulting in reduced income from residential
mortgage operations. 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 ofIntegrity Financial Corporation,
+1-888-894-2483 Web site: http://www.catawbavalleybank.com/
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