Cascade Bancorp (CACB) Tops Q2 EPS by 1c
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Cascade Bancorp Reports Second Quarter 2015 Net Income Of $4.8 Million, Or $0.07 Per Share, And Double-Digit (Annualized) Organic Loan Growth During The Period
July 28, 2015 4:01 PM EDTBEND, Ore., July 28, 2015 /PRNewswire/ -- Cascade Bancorp (NASDAQ: CACB) ("Company" or "Cascade"), the holding company for Bank of the Cascades ("Bank"), today announced its financial results for the three and six months ended June 30, 2015.
Second Quarter 2015 Financial Highlights
Net income for the second quarter of 2015 was $4.8 million, or $0.07 per share, compared to $5.1 million, or $0.07 per share, for the first quarter of 2015 ("linked quarter"). First quarter 2015 benefited from a $2.0 million credit to the loan loss provision (pretax), or $0.02 per share. There was no loan loss provision in... More