County Bancorp: Q2 Earnings Snapshot

MANITOWOC, Wis. (AP) _ County Bancorp Inc. (ICBK) on Thursday reported second-quarter profit of $6.7 million.

The Manitowoc, Wisconsin-based bank said it had earnings of $1.07 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The bank that lends to dairy farmers posted revenue of $16.8 million in the period. Its revenue net of interest expense was $13.7 million, also exceeding Street forecasts.

County Bancorp shares have risen 53% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $33.68, a climb of 66% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICBK at https://www.zacks.com/ap/ICBK