Cascade Bancorp Inc. Reports 20% Decline In Q3 Earnings

(RTTNews) - Cascade Bancorp Inc. (CACB) revealed earnings for third quarter that dropped from last year.

The company said its bottom line came in at $4.1 million, or $0.06 per share. This was lower than $5.1 million, or $0.07 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.

Cascade Bancorp Inc. earnings at a glance:

-Earnings (Q3): $4.1 Mln. vs. $5.1 Mln. last year. -Earnings Decline (Y-o-Y): -19.6% -EPS (Q3): $0.06 vs. $0.07 last year. -EPS Decline (Y-o-Y): -14.3% -Analysts Estimate: $0.07