Cascade Bancorp (CACB) Tops Q4 EPS by 2c

Cascade Bancorp (NASDAQ: CACB) reported Q4 EPS of $0.07, $0.02 better than the analyst estimate of $0.05.

Highlights:

• Return on average assets ("ROAA") improved to 0.84% from 0.41% in the linked quarter.
• Return on equity ("ROE") improved to 6.41% from 3.12% in the linked quarter.
• Net interest margin ("NIM") improved to 3.68% from 3.63% in the linked quarter.
• Loan growth of 8.3% (annualized) for the period.
• Credit quality strong; allowance for loan and lease losses ("ALLL") at 1.51% of loans, including net recoveries for consecutive quarters; and non-performing assets ("NPAs") at 0.64%.
• Total deposits stable with 53.3% in checking balances and 0.13% cost of funds.
• Efficiency ratio1 at 68.6%, improved from 81.8% in the linked quarter.

For earnings history and earnings-related data on Cascade Bancorp (CACB) click here.

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