New Orleans-based First NBC Bank Holding Co. reported its third-quarter profit climbed to $14 million, or 73 cents per share, compared to $9.9 million, or 54 cents per share, a year ago.
First NBC said it has experienced strong asset growth of 10.6 percent to $3.6 billion and a 14.5 percent increase in loans to $340.8 million since the beginning of the year.
The company also improved its net interest income by 4.6 percent to $27.8 million during the third quarter.
First NBC beat Wall Street analysts’ projections. Analysts surveyed by Zacks Investment Research had expected a profit of 68 cents per share.