Welcome to our dedicated page for County Bancorp news (Ticker: ICBK), a resource for investors and traders seeking the latest updates and insights on County Bancorp stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect County Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of County Bancorp's position in the market.
County Bancorp reported a net income of $3.9 million or $0.62 per diluted share for Q1 2021, a significant recovery from a net loss of $5.2 million in Q1 2020. The improvement was driven by a 19 basis point reduction in the cost of funds and a $29.3 million increase in loans sold. The bank issued $32.6 million in second-round PPP loans, generating $1.5 million in deferred fee income. Overall, the company sees a strong fiscal year ahead, spurred by positive credit trends and asset quality improvements.
County Bancorp, Inc. (NASDAQ: ICBK) will release its first-quarter 2021 financial results after market close on April 22, 2021. An earnings call is scheduled for April 23, 2021, at 8:30 AM CDT, featuring President Timothy J. Schneider and CFO Glen L. Stiteley. Stakeholders can join the call via a designated link or by phone. A replay will be accessible until April 22, 2022. County Bancorp serves agricultural businesses, primarily in dairy lending, alongside retail and business customers across Wisconsin from multiple full-service locations.
County Bancorp, Inc. (NASDAQ: ICBK) has announced an extension of its share repurchase program, allowing for the buyback of an additional 609,000 shares until February 2024, raising the total authorized shares to 1,282,000. By December 2020, the company repurchased 570,842 shares, or 85% of the previous authorization. Additionally, a quarterly dividend of $0.10 per share was declared on February 16, 2021, payable on March 19, 2021. The company aims to enhance shareholder value through disciplined capital allocation.
County Bancorp reported a 36% increase in net income for Q4 2020, reaching $4.5 million, and $5.5 million for the entire year. Diluted earnings per share were at $0.70 for Q4 and $0.79 for the year. The company experienced a 10% growth in client deposits and a 1.9% increase in loans sold with servicing retained. The net interest margin rose to 3.06%, reflecting a 66 basis points increase. However, total loans declined by 7.4% during Q4, primarily due to the forgiveness of PPP loans.
County Bancorp, Inc. (NASDAQ: ICBK) announced its financial results will be released on January 21, 2021, after market close. The earnings call is scheduled for January 22, 2021, at 8:30 AM CST, featuring key executives including President Timothy J. Schneider and CFO Glen L. Stiteley. Participants can join the call via telephone or through the company’s website. A replay of the call will be available until January 22, 2022. County Bancorp, based in Manitowoc, Wisconsin, focuses on agricultural financial services, particularly dairy lending.
County Bancorp, Inc. (NASDAQ: ICBK) declared a quarterly cash dividend of $0.10 per share on November 17, 2020. This dividend will be payable on December 18, 2020 to shareholders of record as of December 4, 2020. President Tim Schneider highlighted a 42.9% increase in the dividend payment, reflecting the company's strength during challenging economic conditions. The company continues to show sequential improvement in quarterly results, indicating confidence in maintaining this trend through 2020.
Investors Community Bank (ICB), a subsidiary of County Bancorp, Inc. (NASDAQ:ICBK), has appointed Matthew Fehrmann as Vice President - Technology Solutions. Fehrmann will oversee I.T. operations and technology support, focusing on enhancing productivity and security. He holds degrees in Computer Networking, Business Management, and an MBA. Previously, he held I.T. leadership roles at Lakeside Foods and Kaysun Corporation. ICB is headquartered in Manitowoc, Wisconsin, primarily serving agricultural businesses, particularly in dairy-related lending, alongside other retail and business customers.
Investors Community Bank, a subsidiary of County Bancorp (NASDAQ:ICBK), has appointed Julian La Mue as VP – Market President for Green Bay. La Mue brings nearly 30 years of lending experience and will oversee business banking portfolios, aiming to support local businesses with customized financial solutions. He holds a degree in Business Administration with a focus in Finance and is actively involved in community organizations, demonstrating a commitment to fostering long-term relationships and financial guidance.
County Bancorp, Inc. (NASDAQ: ICBK) announced that Dave Coggins, EVP and Chief Banking Officer, has been appointed vice chair of the American Bankers Association (ABA) Ag and Rural Bankers Committee. This committee, formed in 1913, guides ABA staff on agricultural advocacy, public relations, and education. Coggins, with over 40 years of experience, expressed his commitment to advancing the interests of America’s agricultural sector. County Bancorp, headquartered in Manitowoc, Wisconsin, specializes in lending to agricultural businesses, particularly dairy-related operations.
County Bancorp, Inc. (ICBK) reported third-quarter 2020 net income of $3.4 million or $0.52 per diluted share, down from $5.7 million or $0.82 in Q3 2019. Total loans decreased 1.1% to $1.1 billion, while client deposits rose $4.1 million, reflecting a shift from wholesale funding. The company saw a 26.1% rise in loan servicing fees, totaling $2.8 million, driven by increased loan sales. Provision for loan losses improved, falling to $0.1 million. Capital ratios remain robust, with a Total Risk-Based Capital ratio of 20.4%. Non-performing assets increased 16.6% sequentially, reflecting challenges in the agricultural sector.
