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Stock impact report

Atlantic Capital Bancshares, Inc. Reports First Quarter 2018 Results

Atlantic Capital Bancshares, Inc. (ACBI) 
Last atlantic capital bancshares, inc. earnings: 4/23 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/4155740
Company Research Source: GlobeNewswire
ATLANTA, April 26, 2018 (GLOBE NEWSWIRE) -- Atlantic Capital Bancshares, Inc. (NASDAQ:ACBI) announced net income of $5.0 million, or $0.19 per diluted share, compared to a loss of $15.3 million, or ($0.60) per diluted share, in the fourth quarter of 2017. First Quarter Highlights(1) Grew loans held for investment by $25 million to $1.96 billion from December 31, 2017.Grew commercial and industrial loans by $21 million to $636 million from December 31, 2017.Reported net interest margin of 3.51%, an increase of 12 basis points from the fourth quarter of 2017.Reported nonperforming assets to total assets of 0.13% and annualized net charge-offs to average loans of 0.05%.Increased noninterest income $415,000 to $4.0 million compared to the fourth quarter of 2017.Decreased noninterest expense $2.2 million to $18.4 million compared to the fourth quarter of 2017.  “These improved results reflect solid growth in our core corporate and business banking activities, higher loan y Show less Read more
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