Cascade Bancorp Inc. Q3 Profit Climbs 110%

(RTTNews) - Cascade Bancorp Inc. (CACB) released earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line totaled $5.10 million, or $0.07 per share. This was up from $2.43 million, or $0.03 per share, in last year's third quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.1% to $26.80 million. This was up from $24.13 million last year.

Cascade Bancorp Inc. earnings at a glance:

-Earnings (Q3): $5.10 Mln. vs. $2.43 Mln. last year. -Earnings Growth (Y-o-Y): 109.9% -EPS (Q3): $0.07 vs. $0.03 last year. -EPS Growth (Y-o-Y): 133.3% -Analysts Estimate: $0.07 -Revenue (Q3): $26.80 Mln vs. $24.13 Mln last year. -Revenue Change (Y-o-Y): 11.1%