FCB Financial Holdings, Inc. Reports Record First Quarter 2018 Financial Results
FCB FINANCIAL HOLDINGS INC (FCB)
Last fcb financial holdings inc earnings: 10/23 06:30 am
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US:NYSE Investor Relations:
investors.floridacommunitybank.com
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Source: Business Wire
WESTON, Fla.--(BUSINESS WIRE)-- FCB Financial Holdings, Inc. (NYSE:FCB) (the "Company") today reported first quarter 2018 net income of $40.1 million, or $0.84 per share on a fully diluted basis, and adjusted net income of $40.7 million, or $0.85 per share on a fully diluted basis. Net income rose 3% year-over-year and pre-tax income increased by 12% to $48.2 million. Adjusted net income rose 40% year-over-year and adjusted net income per diluted share rose 34%. This resulted in a ROA of 148 basis points and an adjusted ROA of 150 basis points. Fully tax equivalent net revenue of $91.7 million; Reported and Adjusted EPS of $0.84 and $0.85 per share, respectively, on a fully diluted basis; Net Interest Margin and adjusted Net Interest Margin expanded by 5 basis points during the quarter to 3.18% and 3.14%, respectively; New loan portfolio grew sequenti
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