County Bancorp (ICBK) Announces 29.7% Drop in Non-Performing Assets
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/24/2024
- Wall Street closes higher as investors digest earnings, megacap outlook
- Tesla touts acceleration of new models, but Q1 results fall short of estimates
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises as dollar slips, focus shifts to economic data
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- Wolfe Research Downgrades Warner Brothers Discovery (WBD) to Underperform, 'out of concern that an incipient advertising downturn put guidance at risk'
- Forward Air (FWRD) Appoints Shawn Stewart as CEO
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
County Bancorp Announces Improvement in Credit Quality
June 21, 2021 4:01 PM EDTMANITOWOC, Wisc., June 21, 2021 (GLOBE NEWSWIRE) -- County Bancorp, Inc. (Nasdaq: ICBK; the Company), the parent company for Investors Community Bank, announced today that as of May 31, 2021, the Company's non-performing assets decreased $13.3 million or 29.7% compared to March 31, 2021. In addition, the Companys adverse classified assets (a non-GAAP measure; see below for a reconciliation to GAAP metrics) as of May 31, 2021, decreased $29.8 million or 34.9% compared to March 31, 2021.
A sustained recovery in the dairy market is benefiting our clients' cash flows, and in turn, reducing the credit risk in our loan portfolio," said Tim Schneider, President of County Bancorp. He... More
