Green Bancorp (GNBC) Misses Q2 EPS by 4c

Green Bancorp (NASDAQ: GNBC) reported Q2 EPS of $0.16, $0.04 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $20.9 million versus the consensus estimate of $23.21 million.

Manny Mehos, Chairman and Chief Executive Officer of Green Bancorp said, "I am pleased with our performance this quarter as we continue to execute on our strategic plan of building Green Bank into a premier middle market Texas bank through both organic growth and disciplined, strategic acquisitions. Furthermore, I believe our strong quarterly results demonstrate the vibrancy, resiliency, and diversity of the Texas economy."

Mr. Mehos continued, "Our recently announced agreement with Patriot Bancshares is a significant milestone for our company and our employees. Upon closing, Green Bank will have approximately $3.6 billion in assets, making us the 15th largest bank headquartered in Texas. The increased scale in our core markets will better position Green Bank to increase market share and grow organically while offering strong earnings accretion."

For earnings history and earnings-related data on Green Bancorp (GNBC) click here.

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