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Article: Cascade Bancorp (Oregon) Continued Strong Financial Performance in Third Quarter 2002 Compared to Year Ago Period.
- Article from:
- PR Newswire
- Article date:
- October 10, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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-- Net Income up 35.8% to $3.1 million vs. year ago -- Diluted Earnings Per Share (EPS) Up 33.4% to $.24 -- Return on Equity 26.4%; 21st consecutive quarter above 20% -- Loan and Deposit growth at 17.9% and 18.4%, respectively -- Loan Credit Quality solid with delinquencies at .07% of Loans
FINANCIAL PERFORMANCE:
Cascade Bancorp announced record results for the third quarter of 2002. Net Income was up 35.8% to $3.1 million vs. $2.3 million a year ago, while Earnings Per Share (diluted) was up 33.4% at $.24 versus $.18 a year earlier (as adjusted for 3-for-2 stock split on May 31, 2002). Return on Equity was 26.4% for the third quarter 2002. Loans and ...