FCB Financial Holdings (FCB) Tops Q1 EPS by 1c

FCB Financial Holdings (NYSE: FCB) reported Q1 EPS of $0.64, $0.01 better than the analyst estimate of $0.63. Revenue for the quarter came in at $81.1 million versus the consensus estimate of $80.48 million.

• Total fully tax equivalent core net revenue of $81.1 million;
• Core EPS of $0.64 per share on a fully diluted basis;
• New loan portfolio grew sequentially at an annualized rate of 27% when excluding the impact of reducing the Syndicated loan portfolio;
• New loan fundings of $492.2 million during the quarter and reduction of Syndicated loan portfolio of $120.5 million;
• Total deposits grew sequentially at an annualized rate of 20%;
• Total deposits grew by $368.7 million during the quarter;
• Demand deposits grew by $216.9 million, or 46% annualized, during the quarter;
• Core efficiency ratio of 42.9%;
• Core ROA of 128 basis points; and
• Tangible book value per share was $22.85.

For earnings history and earnings-related data on FCB Financial Holdings (FCB) click here.

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