Company profile

CATC stock data

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Calendar

8 Aug 19
17 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Net income 4.27M 6.2M 5.31M 6.66M
Diluted EPS 0.9 1.49 1.28 1.61
Net change in cash 1.55M 18.53M 2.04M -18.69M
Cash on hand 38.56M 37.01M 18.47M 16.43M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Net income 23.88M 14.82M 16.9M 15.69M
Diluted EPS 5.77 3.61 4.15 3.93
Net change in cash -85.12M 49.54M 29.41M
Cash on hand 18.47M 103.59M 54.05M 24.65M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • General. Net income decreased $1.8 million, or 30.1%, to $4.3 million for the quarter ended June 30, 2019, as compared to net income of $6.1 million for the quarter ended June 30, 2018, primarily due to merger expenses of $3.5 million associated with the Optima merger offset by higher net interest income. Diluted earnings per share were $0.90 for the second quarter of 2019, representing a 39.2% decrease over diluted earnings per share of $1.48 for the same quarter last year. Net income for the first and second quarters of 2019 included merger expenses of $3.5 million, which the Company considers to be non-operating.
  • Excluding merger expenses related to the Optima merger and other non-operating adjustments, operating net income was $7.0 million for the quarter ended June 30, 2019, an increase of $845,000, or 13.8%, compared to operating net income of $6.1 million for the quarter ended June 30, 2018. Operating diluted earnings per share were $1.47 for the second quarter of 2019, representing a 0.7% decrease over operating diluted earnings per share of $1.48 for the same quarter last year.
  • Net Interest and Dividend Income. For the quarter ended June 30, 2019, net interest and dividend income before provision for loan losses, increased by $3.9 million, or 24.7%, to $19.8 million, as compared to $15.9 million for the quarter ended June 30, 2018, primarily due to loan growth (both organic and as a result of the Optima merger) and higher levels of interest-earning assets.
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New words: acquired, acquirer, alternative, appraised, assumption, attrition, carryover, CDI, Codification, debit, essential, factoring, final, foreclosed, forma, grew, highest, illustrative, investor, Jennifer, Martin, Millane, MSR, noncore, OREO, Pline, pro, proper, referenced, repricing, stable, tangible, understanding
Removed: bearing, entered, fund