Atlantic Capital Bancshares (ACBI) Misses Q4 EPS by 9c

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Go back to Atlantic Capital Bancshares (ACBI) Misses Q4 EPS by 9c

Atlantic Capital Bancshares, Inc. Reports Fourth Quarter 2016 Results

January 27, 2017 8:47 AM EST

ATLANTA--(BUSINESS WIRE)-- Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI) announced results of the quarter ended December 31, 2016.

Fourth Quarter Highlights

Reported net income of $2.1 million, or $0.08 per diluted share; operating net income of $2.2 million, or $0.09 per diluted share. Exited the TriNet lending line of business and sold $35.7 million in TriNet loans during the fourth quarter. Announced the sale of the Cleveland, Tennessee branch and transferred $30.9 million from loans held for investment to loans held for sale. Increased total deposits $48.7 million, or 8.9% annualized, to $2.24 billion from... More