National Commerce (NCOM) Tops Q3 EPS by 5c

October 26, 2016 8:42 AM EDT
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National Commerce (NASDAQ: NCOM) reported Q3 EPS of $0.43, $0.05 better than the analyst estimate of $0.38.

"I am pleased with the continued growth in our profitability in 2016, with another quarter of Return on Average Assets above 1.0% and year-to-date diluted earnings per share growth of 58%," said John H. Holcomb, III, Chairman and Chief Executive Officer of the Company. "Our asset quality, which is very important to the company’s ability to achieve its long term goals, also remains good, though we can never lose our focus on continued vigilance in that very critical component of our business. Our third quarter loan growth was below our long term expectations for ourselves, in part due to some expected payoffs, so we need to continue our focus on attracting additional high quality customer relationships to our bank."

For earnings history and earnings-related data on National Commerce (NCOM) click here.

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