Cascade Bancorp Inc. Q4 Profit Advances 12%

(RTTNews) - Cascade Bancorp Inc. (CACB) released earnings for its fourth quarter that gained ground from last year.

The company said its bottom line advanced to $5.6 million, or $0.08 per share. This was up from $5.0 million, or $0.07 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.07 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Cascade Bancorp Inc. earnings at a glance:

-Earnings (Q4): $5.6 Mln. vs. $5.0 Mln. last year. -Earnings Growth (Y-o-Y): 12.0% -EPS (Q4): $0.08 vs. $0.07 last year. -EPS Growth (Y-o-Y): 14.3% -Analysts Estimate: $0.07