NORCROSS, Ga. - InterCept Group Inc., a provider of data processing services to community banks, said Monday that, excluding certain losses, its first-quarter earnings rose 59% from a year earlier, to $2.7 million, or 18 cents a share.
However, when losses related to its 28% ownership of Netzee Inc. are included, InterCept recorded a net loss of $2.9 million.
Revenue jumped 71%, to $27 million. Analysts had expected revenues of $26.4 million and earnings per share of 17 cents.
The company closed two deals and announced a third during the quarter. In January it bought the data processing and check imaging centers of SLMsoft.com, and it announced a deal for DPSC Software, a Netzee subsidiary that sells asset-liability management software. In March it acquired C-TEQ Inc., an Oklahoma City provider of data processing and check and statement imaging services.