Cascade Bancorp (CACB) Misses Q1 EPS by 3c
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Cascade Bancorp Reports First Quarter 2016 Results Including $470 Million Deposit Acquisition, Double-Digit Revenue And Organic Loan Growth
April 27, 2016 4:01 PM EDTBEND, Ore., April 27, 2016 /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 months ended March 31, 2016.
First Quarter 2016 Financial Highlights
Net income for the first quarter of 2016 was $1.9 million, or $0.03 per share, compared to $5.6 million, or $0.08 per share, for the fourth quarter of 2015 which included a $2.0 million ($0.02 per share) credit to loan loss provision. The first quarter 2016... More