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Last $4.96 USD
Change Today +0.03 / 0.61%
Volume 87.1K
CACB On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 5:20 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

cascade bancorp (CACB) Snapshot

Open
$4.91
Previous Close
$4.93
Day High
$5.00
Day Low
$4.91
52 Week High
07/16/14 - $5.65
52 Week Low
05/30/14 - $4.11
Market Cap
359.4M
Average Volume 10 Days
130.6K
EPS TTM
$0.24
Shares Outstanding
72.5M
EX-Date
02/4/09
P/E TM
21.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for CASCADE BANCORP (CACB)

cascade bancorp (CACB) Related Businessweek News

No Related Businessweek News Found

cascade bancorp (CACB) Details

Cascade Bancorp operates as the bank holding company for Bank of the Cascades that offers a range of commercial and retail banking services to small to medium-sized businesses, municipalities and public organizations, and professional and consumer relationships. The company accepts checking, money market, interest bearing demand, savings deposit, and time deposit accounts, as well as provides related payment services. It also offers commercial real estate loans, real estate construction and development loans, commercial and industrial loans, and residential mortgage loans, as well as consumer installment, line-of-credit, credit cards, and home equity loans. In addition, the company provides investment and trust related services, cash management services, Internet banking, automated teller machines, safe deposit facilities, electronic bill payment, and remote deposit services. As of January 29, 2015, it operated 40 branches in Central, Southern, and Northwest Oregon, as well as in the Boise/Treasure Valley, Idaho area. The company was founded in 1977 and is headquartered in Bend, Oregon.

513 Employees
Last Reported Date: 03/10/15
Founded in 1977

cascade bancorp (CACB) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $426.9K
Chief Banking Officer, Executive Vice Preside...
Total Annual Compensation: $479.2K
Compensation as of Fiscal Year 2014.

cascade bancorp (CACB) Key Developments

Cascade Bancorp Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Charge Offs for the First Quarter Ended March 31, 2015

Cascade Bancorp reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income of $5.118 million or $0.07 per diluted share compared to $0.943 million or $0.02 per diluted share for the first quarter of 2014. The decrease in net income in the first quarter of 2014 compared to the same period in 2013 was primarily the result of $0.8 million in transaction related expenses related to proposed merger with Home Federal. Net interest income was $18.964 million comparable to $11.737 million in the first quarter of 2014 and down from $13.1 million in the fourth quarter of 2013. The $1.3 million decline from the linked quarter to the current quarter was related to the inclusion of the $1.0 million recovery discussed above. Total interest income decreased $0.5 million from $12.6 million in the first quarter of 2013 to $12.1 million in the first quarter of 2014. The decrease was due primarily to lower interest rates in the first quarter of 2014 compared to the same period in 2013. Income before income taxes was $8.266 million against $1.239 million a year ago. Book value per basic common share was $4.44 against $4.00 a year ago. Return on average total shareholders' equity was 6.52% against 2.02% a year ago. Return on average total assets was 0.88% against 0.28% a year ago.

CACB Eyes Acquisitions

Cascade Bancorp (NasdaqCM:CACB) is looking for acquisition opportunities. Terry Zink, Chief Executive Officer and President of CACB, said, "One differentiating characteristic of the Cascade franchise is our strong market share in growing communities in the Northwest. The U.S. Census Bureau recently reported that Cascade's main banking markets in the Bend and Boise metropolitan statistical areas were both in the 95th percentile in the nation in rate of population growth. Thus, our key strategic initiatives are to generate organic loan growth faster than our peers while expanding our low-cost core deposit franchise. At the same time, we remain proactive in the pursuit of value enhancing merger and acquisition opportunities that are strategically coherent. Taken together, we have set a goal to grow Cascade toward $5 billion in assets over a medium term horizon."

Cascade Bancorp to Report Q1, 2015 Results on May 04, 2015

Cascade Bancorp announced that they will report Q1, 2015 results at 5:00 PM, Eastern Standard Time on May 04, 2015

 

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Industry Analysis

CACB

Industry Average

Valuation CACB Industry Range
Price/Earnings 42.7x
Price/Sales 3.6x
Price/Book 1.1x
Price/Cash Flow 45.2x
TEV/Sales 2.9x
 | 

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