Intervest Bancshares Corp. expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on October 22, 2009).

Intervest Bancshares Corp. reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported interest and dividend income of $30,939,000, net interest and dividend income of $11,015,000, net interest and dividend income after provision for loan losses of $8,619,000, earnings before income taxes of $1,378,000 compared to interest and dividend income of $33,508,000, net interest and dividend income of $11,084,000, net interest and dividend income after provision for loan losses of $7,638,000, earnings before income taxes of $4,680,000 for the same period last year. The company reported net earnings available to common stockholders of $342,000, or $0.04 per diluted share, return on average assets (annualized) of 0.13%, return on average common equity of 1.58% compared to net earnings available to common stockholders of $2,626,000, or $0.32 per diluted share, return on average assets (annualized) of 0.48%, return on average common equity of 5.69% for the same period last year. The decrease in net earnings was due to increase in noninterest expenses, decrease in noninterest income and dividend requirements related to outstanding preferred stock held by the U.S. Treasury under the TARP program. For the nine months, the company reported interest and dividend income of $92,422,000, net interest and dividend income of $30,502,000, net interest and dividend income after provision for loan losses of $23,563,000, earnings before income taxes of $3,959,000 compared to interest and dividend income of $97,072,000, net interest and dividend income of $29,003,000, net interest and dividend income after provision for loan losses of $20,541,000, earnings before income taxes of $11,950,000 for the same period last year. The company reported net earnings available to common stockholders of $1,201,000, or $0.14 per diluted share, return on average assets (annualized) of 0.14%, return on average common equity of 1.71% compared to net earnings available to common stockholders of $6,768,000, or $0.82 per diluted share, return on average assets (annualized) of 0.42%, return on average common equity of 4.92% for the same period last year.

Intervest Bancshares Corp. reported consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net earnings available to common stockholders were $369,000 or $0.04 per basic and diluted share on interest and dividend income of $30,804,000 against net earnings available to common stockholders were $1,861,000 or $0.22 per basic and diluted share on interest and dividend income of $31,776,000 for the same period a year ago. Net interest and dividend income of $10,197,000 against net interest and dividend income of $9,064,000 for the same period a year ago. Earnings before income taxes were $1,014,000 against earnings before income taxes were $3,253,000 for the same period a year ago. Net earnings before preferred dividend requirements was $778,000 against net earnings before preferred dividend requirements was $1,861,000 for the same period a year ago. Return on average assets 0.13% against return on average assets 0.34% for the same period a year ago. Return on average common equity 1.64% against return on average common equity 4.04% for the same period a year ago. The decrease in net earnings was due a $2.3 million increase in noninterest expenses, a $1.1 million decrease in noninterest income and $0.4 million of dividend requirements related to outstanding preferred stock held by the U.S. Treasury under the TARP program. For the six months, the company reported net earnings available to common stockholders were $859,000 or $0.10 per basic and diluted share on interest and dividend income of $61,483,000 against net earnings available to common stockholders were $4,142,000 or $0.50 per basic and diluted share on interest and dividend income of $63,564,000 for the same period a year ago. Net interest and dividend income of $19,487,000 against net interest and dividend income of $17,919,000 for the same period a year ago. Earnings before income taxes were $2,581,000 against earnings before income taxes were $7,270,000 for the same period a year ago. Net earnings before preferred dividend requirements was $1,673,000 against net earnings before preferred dividend requirements was $4,142,000 for the same period a year ago. Return on average assets 0.14% against return on average assets 0.39% for the same period a year ago. Return on average common equity 1.77% against return on average common equity 4.52% for the same period a year ago. Book value per common share as at June 30, 2009 was 22.96 against book value per common share as at June 30, 2009 was 22.19 for the same period a year ago. Net earnings decreased due to a $4.8 million increase in noninterest expenses, a $1.9 million decrease in noninterest income and $0.8 million of preferred stock dividend requirements, partially offset by a $2.2 million decrease in the provision for income taxes, a $1.5 million increase in net interest and dividend income and a $0.5 million decrease in the provision for loan losses.