FCB Financial: 2Q Earnings Snapshot

July 24, 2018

WESTON, Fla. (AP) _ FCB Financial Holdings Inc. (FCB) on Tuesday reported second-quarter profit of $42.7 million.

The bank, based in Weston, Florida, said it had earnings of 87 cents per share. Earnings, adjusted for non-recurring costs, came to 94 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 91 cents per share.

The bank holding company posted revenue of $130.5 million in the period. Its revenue net of interest expense was $98.8 million, which fell short of Street forecasts.

FCB Financial shares have risen 17 percent since the beginning of the year. The stock has increased 25 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FCB at https://www.zacks.com/ap/FCB

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