Green Bancorp (GNBC) Tops Q4 EPS by 14c

Green Bancorp (NASDAQ: GNBC) reported Q4 EPS of $0.07, $0.14 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $0 versus the consensus estimate of $37.59 million.

Geoff Greenwade, President of Green Bancorp and Chief Executive Officer of Green Bank, commented, "This is an exciting time at the Bank as we begin to refocus our efforts on driving organic growth and building on the strategic initiatives put into place over the course of 2016. Importantly, our primary markets remain healthy as the stabilization in oil has provided confidence to the local Houston economy. This can be seen in our fourth quarter’s results as our team of bankers delivered 6.6% annualized organic loan growth. Looking forward, we expect organic loan growth to run at a low single digit pace as we complete our energy resolution strategy, as well as reduce our Commercial Real Estate exposure to within the regulatory threshold. As these headwinds ease, we expect organic loan growth to accelerate to a mid to high single digit rate.”

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

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