Entegra Financial (ENFC) Reports Q4 EPS of $0.20

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Go back to Entegra Financial (ENFC) Reports Q4 EPS of $0.20

Entegra Financial Corp. Announces Annual and Fourth Quarter 2014 Results

January 29, 2015 4:21 PM EST

Highlights:

Net income for the fourth quarter of 2014 increased $3.6 million to $1.3 million, or $0.20 per share, compared to a net loss of $2.3 million for the fourth quarter of 2013. For the year ended December 31, 2014, net income increased $6.3 million to $5.9 million, or $0.91 per share, compared to a net loss of $0.4 million for 2013. Loans receivable increased to $540.5 million at December 31, 2014 compared to $530.0 million at September 30, 2014, for an annualized growth rate of 7.8% during the fourth quarter. Total assets were $903.6 million at December 31, 2014, reflecting growth of $118.8 million, or 15.1%, during the year ended 2014. Non-performing assets decreased $4.9 million, or 18.9%, to $21.2 million... More