Cascade Bancorp (CACB) Tops Q4 EPS by 1c
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Cascade Bancorp Reports Fourth Quarter 2015 Net Income Of $5.6 Million, Or $0.08 Per Share
January 27, 2016 4:02 PM ESTBEND, Ore., Jan. 27, 2016 /PRNewswire/ --Â Cascade Bancorp (NASDAQ: CACB) (the "Company" or "Cascade"), the holding company for Bank of the Cascades (the "Bank"), today announced its financial results for the three months and year ended December 31, 2015.
Fourth Quarter 2015 Financial Highlights
Net income for the fourth quarter of 2015 was $5.6 million, or $0.08 per share, compared to $5.1 million, or $0.07 per share, for the third quarter of 2015 ("linked quarter"). Loan growth was $40.6 million, or 9.8% annualized, during the fourth quarter, while organic loan growth1 was approximately $29.6 million, or 8.5%... More