Entegra Financial Corp. Announces Fourth Quarter 2017 Results
ENTEGRA FINANCIAL CORP COMMON (ENFC)
US:NASDAQ Investor Relations:
entegrabank.com
Company Research
Source: GlobeNewswire
FRANKLIN, N.C., Jan. 18, 2018 (GLOBE NEWSWIRE) -- Entegra Financial Corp. (the “Company”) (NASDAQ:ENFC), the holding company for Entegra Bank (the “Bank”), today announced earnings and related data for the three months and year ended December 31, 2017. Highlights The following tables highlight the most important trends that the Company believes are relevant to understanding the performance of the Company. As further detailed in Appendix A, core results (a non-GAAP measure) reflect adjustments for material items including investment gains and losses, investment impairment, merger-related expenses, and changes in the value of net deferred tax assets due to the passing of the Tax Cuts and Jobs Act of 2017. For the Three Months Ended December 31, (Dollars in thousands, except per share data) 2017 2016 Change (%) GAAP Core GAAP Core GAAP CoreNet income (loss)$(3,294) $3,700 $2,352
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