Last $5.17 USD
Change Today +0.02 / 0.39%
Volume 83.5K
CACB On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 2:36 PM 08/27/14 All times are local (Market data is delayed by at least 15 minutes).

cascade bancorp (CACB) Key Developments

Cascade Bancorp Reports Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

Cascade Bancorp reported unaudited consolidated earnings results for the second quarter ended June 30, 2014. The company reported net loss for the second quarter of 2014 of $4.7 million, or $0.08 per basic and diluted share as compared to net income of $46.4 million or $0.98 per basic and diluted share for the second quarter of 2013. The net loss for the second quarter of 2014 was primarily due to merger-related expenses recorded of $9.9 million related to the acquisition of Home Federal Bancorp Inc. which was completed in the second quarter and other one-time charges. The net income in the second quarter of 2013 was mainly attributable to the release of the company's valuation allowance on its deferred tax asset (DTA). Net interest income was $15.7 million as compared to $11.5 million in the year ago quarter. The comparative increase was related to inclusion of earnings on Home acquired assets for approximately half of the second quarter of 2014. Total interest income was $16.2 million for the quarter ended June 30, 2014 as compared to $12.4 million in the year ago quarter. The comparative increase was related to inclusion of earnings on Home acquired assets for approximately half of the second quarter of 2014. Loss before income taxes was $9.7 million against $5.3 million for the same period last year. Book value per basic common share was $4.25, against $3.95 at June 30, 2013. Negative return on average total stockholders' equity was 9.05% against positive return on average total stockholders' equity of 95.81% last year. Negative return on average total assets was 1.04% against positive return on average total assets of 13.501% last year. Total revenue was $20.5 million against $15 million for the same period last year. The company reported net charge-offs of $1.3 million for the second quarter ended June 30, 2014, against $2.9 million for the same period last year.

Cascade Bancorp to Report Q2, 2014 Results on Aug 14, 2014

Cascade Bancorp announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Aug 14, 2014

Cascade Bancorp, Q2 2014 Earnings Call, Aug 14, 2014

Cascade Bancorp, Q2 2014 Earnings Call, Aug 14, 2014

Cascade Bancorp Announces Election of Board of Directors

On July 23, 2014, Cascade Bancorp announced that Annette G. Elg and Dennis L. Johnson were elected to the Board of Directors of Cascade Bancorp and Bank of the Cascades. Both Ms. Elg and Mr. Johnson will participate in the company's standard director compensation arrangements applicable to directors who are not employees of the Company, as described in the company's Proxy Statement filed with the Securities and Exchange Commission on April 28, 2014, and incorporated herein by reference. Elg has served as Senior Vice President and Chief Financial Officer of J.R. Simplot Company since August of 2002. Ms. Elg will serve on both the Audit/Enterprise Risk Management Committee and Nominating and Governance Committee. Johnson has served as President and Chief Executive Officer of United Heritage Financial Group and United Heritage Life Insurance Company since January, 1999. Mr. Johnson will serve on the Compensation Committee.

Cascade Bancorp Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 03:00 PM

Cascade Bancorp Presents at KBW's 15th Annual Community Bank Investor Conference, Jul-29-2014 03:00 PM. Venue: The Grand Hyatt Grand Central, New York, New York, United States. Speakers: Gregory D. Newton, Chief Financial Officer, Principal Accounting Officer, Executive Vice President, Chief Financial Officer of Bank of Cascades and Executive Vice President of Bank of Cascades, Jamie Lillis, Managing Director, Rich Zubek, Vice President, Terry E. Zink, Chief Executive Officer, President, Director, Chief Executive Officer of Bank of The Cascades, President of Bank of The Cascades and Director of Bank of The Cascades.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
CACB:US $5.17 USD +0.02

CACB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bank of Marin Bancorp $47.97 USD +0.40
Bridge Capital Holdings $22.28 USD +0.01
Guaranty Bancorp $13.95 USD 0.00
Pacific Premier Bancorp Inc $14.80 USD -0.09
Preferred Bank/Los Angeles CA $23.73 USD +0.10
View Industry Companies
 

Industry Analysis

CACB

Industry Average

Valuation CACB Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.4x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales 3.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CASCADE BANCORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.