Cascade Bancorp (CACB) Reports In-Line Q3 EPS
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Cascade Bancorp Reports Third Quarter 2015 Net Income Of $5.1 Million, Or $0.07 Per Share, Driven By Solid Organic Loan And Deposit Growth
October 22, 2015 4:01 PM EDTBEND, Ore., Oct. 22, 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 and nine months ended September 30, 2015.
Third Quarter 2015 Financial Highlights
Net income for the third quarter of 2015 was $5.1 million, or $0.07 per share, compared to $4.8 million, or $0.07 per share, for the second quarter of 2015 ("linked quarter"). Third quarter organic loan growth1 was approximately $26.3 million, or 7.7% annualized, and is net of a large construction payoff. Year-to-date ("YTD") annualized organic growth was 11.9%. At... More