Independence Bancshares, Inc. (IEBS) Issues Quarterly Earnings Results

Independence Bancshares, Inc. (OTCMKTS:IEBS) posted its quarterly earnings results on Monday. The bank reported ($0.02) earnings per share for the quarter, Bloomberg Earnings reports. Independence Bancshares had a negative return on equity of 23.78% and a negative net margin of 55.15%.

Shares of Independence Bancshares (OTCMKTS:IEBS) remained flat at $$0.12 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.04 and a quick ratio of 1.04. Independence Bancshares has a 52-week low of $0.10 and a 52-week high of $0.42.

Separately, ValuEngine upgraded Independence Bancshares from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd.

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Independence Bancshares Company Profile

Independence Bancshares, Inc operates as the bank holding company for Independence National Bank (the Bank). The Company operates through four segments: Community Banking, Transaction Services, Asset Management and Parent Only. The Bank is engaged in the business of banking and providing services related to banking, including accepting demand deposits and saving deposits, and providing commercial, consumer and mortgage loans principally in Greenville County, South Carolina.

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