Intervest Bancshares Corporation Reports Fourth Quarter EPS of $.02

Intervest Bancshares Corporation IBCA, parent company of Intervest National Bank, today reported its financial results for the fourth quarter of 2010. Financial Highlights: Net earnings for the fourth quarter of 2010 amounted to $0.4 million, or $0.02 per diluted common share, compared to a net loss of $0.7 million, or $0.07 per share, for the third quarter of 2010), and net earnings of $0.3 million, or $0.04 per share, for the same quarter a year ago. Pre-tax earnings before deducting provisions for loan and real estate losses and real estate expenses amounted to $6.6 million in Q4-10, compared to $4.9 million in Q3-10 and $7.8 million in Q4-09. Net interest margin for Q4-10 was 2.06%, compared to 1.98% in Q3-10 and 2.04% in Q4-09.