Capital Bank Financial (CBF) Raises Quarterly Dividend 20% to $0.12; 1.5% Yield
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Capital Bank Financial Corp. Reports Third Quarter EPS of $0.42, Up 27% Year Over Year, and Increases Dividend 20% to $0.12 Per Share
October 20, 2016 6:30 AM EDTCHARLOTTE, N.C., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Capital Bank Financial Corp. (Nasdaq: CBF) (the Company) today reported net income for the third quarter of 2016 of $18.5 million, or $0.42 per diluted share and core net income of $18.5 million, or $0.42 per diluted share. Net income rose 21% year over year, while net income per diluted share rose 27%.
Core adjustments for the third quarter of 2016 included $1.5 million of legal settlement expense and $0.3 million of tax deductible merger related expenses, offset by a $1.1 million tax adjustment and $0.1 million of gains on sales of investment securities.
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