Updated Apr. 30, 2014 at 4:45 p.m.

Premium Lock Square 1 Bank's first financial report tops analyst's expectations

Published: 2014-04-30 07:57:00
Updated: 2014-04-30 16:45:31

Square 1 team at IPO last year CEO Doug Bowers, center, and Square 1 team ring the opening Nasdaq bell last year. (Nasdaq photo) Image 1 of 2 · Next Image…

The first quarterly financial results disclosed early Wednesday by Durham's Square 1 Bank show a profit of 31 cents per share, or $7.8 million. That's more than double what Square 1 earned a year earlier and topped the expectations of a Wall Street analyst following the firm, which went public in March....

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