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

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