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North Carolina-Based LSB Bancshares Posts Gain Quarterly Net Income.
Byline: Richard Craver
Jul. 16--LSB Bancshares Inc. said yesterday that a surge in demand for mortgage refinancings and improved loan performance enabled it to post its first net-income gain in three consecutive quarters.
The parent company of Lexington State Bank reported net income for the second quarter of $2.7 million, up $128,000 compared with the second quarter of 2002.
Diluted earnings a share increased by 1 cent to 31 cents.
The earnings improvement wasn't enough to meet the forecast of 32 cents a share by analysts surveyed by First Call/Thomson Financial. The bank has missed analysts' earnings expectations by 1 or 2 cents for four …
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- Lexington, N.C.-Based LSB Bancshares Sees Boost in Second-Quarter Profits.
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News wire article from: Winston-Salem Journal
July 16, 2003
700+ words
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- Lexington, N.C.-Based LSB Bancshares Rides Refinancings to Net-Income Gain.
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News wire article from: Winston-Salem Journal
July 16, 2003
700+ words
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- Slowdown in loan activity cited in North Carolina's LSB Bancshares profit drop.
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News wire article from: Winston-Salem Journal
July 16, 2004
700+ words
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- LSB Bancshares Reports First-Quarter Decline in Income from Mortgage Banking.
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News wire article from: Winston-Salem Journal
April 15, 2004
700+ words
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- LSB Bancshares Inc. posts drop in second-quarter earnings.
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News wire article from: Winston-Salem Journal
July 18, 2006
700+ words
