Quarterly Report Card: New Research on Camden National, Cape Bancorp, Capital Bank Financial, Capital City, and Capitol Federal Financial
NEW YORK, February 11, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Camden National (NASDAQ: CAC), Cape Bancorp (NASDAQ: CBNJ), Capital Bank Financial (NASDAQ: CBF), Capital City (NASDAQ: CCBG), and Capitol Federal Financial (NASDAQ: CFFN). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
CAC Research Report: ( http://get.analystsreview.com/pdf/?c=Camden%20National&d=11-Feb-2015&s=CAC ),
CBNJ Research Report: ( http://get.analystsreview.com/pdf/?c=Cape%20Bancorp&d=11-Feb-2015&s=CBNJ ),
CBF Research Report: ( http://get.analystsreview.com/pdf/?c=Capital%20Bank%20Financial&d=11-Feb-2015&s=CBF ),
CCBG Research Report: ( http://get.analystsreview.com/pdf/?c=Capital%20City&d=11-Feb-2015&s=CCBG ),
CFFN Research Report: ( http://get.analystsreview.com/pdf/?c=Capitol%20Federal%20Financial&d=11-Feb-2015&s=CFFN ).
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Analyst Update: Quarterly and Full-Year Earnings
Reviewed by: Rohit Tuli, CFA®
U.S. stocks closed higher on Tuesday, February 10, fueled by hopes of a debt agreement between Greece and its creditors. S&P 500 hits its highest level in 2015, closing 1.1% higher at 2,068.59. Nine of the 10 main sectors finished higher, while energy-sector stocks ended lower due to a drop in oil prices. The Dow Jones Industrial Average jumped 0.8% to 17,868.76 and Nasdaq Composite moved up 1.3% to close at 4,787.65. Greece officials said that they plan to propose a debt-compromise plan to creditors in Brussels on Wednesday. The European markets also mostly closed higher, driven by optimism for a potential Greek debt deal. Eurozone officials are said to be considering extending Greece's bailout program by up to six months. The Asian markets also ended higher on Greece deal hopes. Chinese markets rose on Tuesday, despite data showing that consumer inflation hit its five-year low in January - marking the weakest reading since November 2009.
Camden National Corporation's (Camden National) Q4 2014 net income increased 38% YoY to $6.1 million and full year net income improved 8% YoY to $24.6 million. The Company achieved a strong loan growth of 12% in 2014.
Cape Bancorp, Inc. (Cape Bancorp) announced its Q4 2014 financial results with net income of $1.0 million, or $0.09 per fully diluted share compared to $552,000, or $0.05 per diluted share in Q4 2013. Non-performing assets as a percentage of total assets reduced to 1.25% at December 31, 2014, from 1.35% at December 31, 2013.
Capital Bank Financial Corp. (Capital Bank Financial) reported Q4 2014 net income of $13.8 million or $0.29 per diluted share compared to $12.2 million or $0.23 per diluted share in Q4 2013. For full year 2014, net income surged 31.1% YoY to $50.9 million.
Capital City Bank Group (Capital City) posted net income of $9.3 million, or $0.53 per diluted share for full year 2014 versus $6.0 million, or $0.35 per diluted share in 2013. For Q4 2014, net income stood at $1.9 million, versus $2.8 million during Q4 2013. Nonperforming assets (nonaccrual loans and OREO) totaled $52.4 million at year-end 2014, a decrease of $32.6 million from Q4 2013.
Capitol Federal Financial, Inc. (Capitol Federal Financial) reported Q1 FY 2015 financial results with net income of $20.4 million or $0.15 per diluted share compared with $17.8 million or $0.12 per diluted share in Q1 FY 2014. Net interest income after provision for credit losses stood at $47.9 million compared with $43.7 million in Q1 FY 2014.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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