Cascade Bancorp (CACB) Tops Q1 EPS by 1c
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Cascade Bancorp Reports First Quarter 2015 Net Income Of $5.1 Million, Or $0.07 Per Share, And Strong Loan Growth During The Period
May 4, 2015 4:01 PM EDTBEND, Ore., May 4, 2015 /PRNewswire/ --Â Cascade Bancorp (NASDAQ: CACB) ("Company" or "Cascade"), the holding company for Bank of the Cascades ("Bank"), today announced its financial results for the three months ended March 31, 2015.
Q1 2015 Financial Highlights
Net income for the quarter was $5.1 million, or $0.07 per share, compared to $5.0 million, or $0.07 per share, for the fourth quarter of 2014 ("linked quarter"). First quarter 2015 net income benefitted from approximately $2.1 million (pre-tax) of one-time items. Loan growth for the quarter was $79.9 million, to $1.6 billion.  Organic growth1 from the linked quarter was approximately $33.7... More