First NBC Bank Holding Co., the holding company for First NBC Bank in New Orleans, reported an increase in net income to $15.7 million, or 84 cents per share, from $12.5 million, or 68 cents per share, for the first quarter of 2014.
The company highlighted its Jan. 16 acquisition of $62.3 million of assets and assumption of deposits from the Federal Deposit Insurance Corp. as the receiver for First National Bank of Crestview in Florida.
First NBC had total assets of $4.1 billion on March 31, an increase of 8.5 percent from Dec. 31. Its loans increased by $129.8 million, or 4.7 percent, and deposits increased $245.6 million, or 7.9 percent. All the figures included the Crestview transaction.