Capital Bank posts 1Q profit

Associated Press |

CHARLOTTE, N.C. (AP) _ Capital Bank Financial Corp. (CBF) on Friday reported first-quarter profit of $20.9 million.

The Charlotte, North Carolina-based bank said it had earnings of 39 cents per share. Earnings, adjusted for one-time gains and costs, were 45 cents per share.



The bank holding company posted revenue of $108.8 million in the period. Its adjusted revenue was $98 million.

Capital Bank shares have risen slightly more than 9 percent since the beginning of the year. The stock has risen 35 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBF at https://www.zacks.com/ap/CBF

Keywords: Capital Bank, Earnings Report

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Blow & Drive Interlock Corp

Blow & Drive Interlock Corp manufactures, markets, leases, installs and monitors a Breath Alcohol Ignition Interlock Device mechanism on the steering column of an automobile and into which a driver…

Private Markets

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.